Given the information below, conduct an ABC analysis and determine which items should be classified as A, B, and C. Which items do you suggest the firm keep the tightest control over? Explain. Item Part Number Item Cost Quantity In Stock 142-AZ $546.00 318 4392-GF $45.00 1250 86935-ES $15.35 3546 173-DC $653.00 1876 $199.00 $23.00 999-BA 526 7846-NM 973 2765-OP $385.00 790 103-VX $12.50 4875 2648-YT $16.75 5185

Q: a. Determine the order quantity and reorder point. b. Determine the annual holding and order costs.…

A: Given- Annual demand (D) = 23,400 units Ordering cost(S) = $250 Holding cost (H) = 21% of item cost…

Q: L. Houts Plastics is a large manufacturer of​ injection-molded plastics in North Carolina. An…

A: The A-B-C approach classifies inventory items according to some measure of importance, usually…

Q: 1. The economic quantity of the order 2. If 10 days have elapsed since placing the order. What is…

A: Since you have posted a question with multiple sub-parts, we will solve the first three subparts for…

Q: Huki is a distributor of 'Cotton Shirt,' with a weekly demand of 50 units. Each unit costs at $40…

A: Economic Order Quantity, also known as Economic Purchase Quantity, is the order quantity that…

Q: Seah Corporation presents the following data: Usage is 400 units per month, cost per order is P20,…

A: Below is the solution:-

Q: DB sells 500 bottles of supplements per week at $ 75 per bottle. DB's supplier charges DB $ 20 per…

A: Inventory management is the process of planning, monitoring, and controlling the movement of…

Q: Project A: Reduction of ordering cost to $18.00. Project B: Reduction of holding cost to $1.50 per…

A: THE ANSWER IS AS BELOW:

Q: Emery Pharmaceutical uses an unstable chemical compound that must be kept in an environment where…

A: Given -    Monthly Demand = 200   Unit carrying cost (h) = 3.333    Ordering cost (K) = 10

Q: 1. Weekly demand for smartphones at an Apple store is nor- mally distributed, with a mean of 500 and…

A: The approach of storing, sourcing, selling the inventory is known as inventory management. Inventory…

Q: Given the information below, conduct an ABC analysis and determine which items should be classified…

A: ABC analysis is used to help identify the most important products in their portfolio and ensure they…

Q: t’s your responsibility, as the new head of the automotive section of Nichols Department Store, to…

A: EOQ = sqrt (2DS/H) Annual Holding cost = EOQ/2 x H Annual ordering cost =  D/EOQ x S Reorder…

Q: Birka Styles & Co is introducing a new line of beachwear for their retail stores. The manager needs…

A: Given data,   DEMAND Order size Low Medium High 1 lot 12,000 15,000 15,000 2 lots 9,000…

Q: What is the total annual cost?

A: Total demand per week in numbers = 800 Cost for each pair = $54 Expense to place an order, per pair…

Q: ) The MD of the company seeks your expert advice on ways in which to determine the economic order…

A: THE ANSWER IS AS BELOW:

Q: 3. If the lead time is four days and the daily demand is 25, what is the reorder point?

A: Given, Daily demand =  25 units Lead time =  4 days Safety stock = 0

Q: Boreki Enterprise has the following 10 items in inventory. Theodore Boreki asks you, a recent OM…

A: The ABC analysis is the technique of inventory management that is used to identify the value of…

Q: Develop a lot-for-ot solution and calculate total relevant costs for the gross requirements in the…

A: Find the Given details below: Given details Period 1 2 3 4 5 6 7 8 9 10 11 12 Gross…

Q: Your firm uses a periodic review system for all SKUS classified, using ABC analysis, as B or C…

A: EOQ=2DSH=2×21,000×1253=1,750,000=1,322.88 Hence, the EOQ is 1,322.88 units.

Q: Boreki Enterprise has the following 10 items in inventory. Theodore Boreki asks you, a recent OM…

A: ABC analysis is the inventory management technique in which inventory items are divided into three…

Q: Item X is a standard item stocked in a company’s inventory of spare parts. Each year, the firm uses…

A: Annual Demand (units) = 2000 units Per unit Cost = Php 1000 per unit Holding Cost = 18% of unit cost…

Q: Waleed Pharmacy, Oman applies the basic EOQ model, if the demand is 6,000 units per year, ordering…

A: Economic Order Quantity (EOQ) will be formulated as per following: EOQ = Square root (2 x Co x D/…

Q: The following table contains figures on the monthly volume and unit costs for a random sample of 16…

A: The aforementioned data is classified on the basis of A-B-C categories as follows:

Q: Birka Styles & Co is introducing a new line of beachwear for their retail stores. The manager needs…

A: To solve this issue, we can take a minimax approach. The regret value needs to be calculated for…

Q: What is the total demand of an enterprise with an economic order quantity of 1,500 units, a cost of…

A: EOQ=1,500 units Set up cost=11.250 TL  Holding cost=75 TL

Q: If Tom decides to order at the economic order quantity, what is the TBO?

A: EOQ stands for economic order quantity. It is a firm's optimal order quantity that undervalues its…

Q: Q2) Groundz Coffee Shop uses 4 kgs of a specialty tea weekly; each kg costs $16. Carrying costs are…

A: NOTE - We will address the first of your questions since you asked so many. If you require an answer…

Q: Case Study 4: Inventory Management.   I) A Furniture manufacturing company uses 1200 units of an…

A: Given: Annual quantity (D)  = 1200 units The cost price = $250 per unit.The ordering costs =  $600…

Q: William​ Beville's computer training​ school, in​ Richmond, stocks workbooks with the following​…

A: Formula:

Q: Emery Pharmaceutical uses an unstable chemicalcompound that must be kept in an environment where…

A: Total cost is an economic phrase that encompasses not just the original monetary expenditure but…

Q: OP = DDLT + SS Demand is 300 units a week, lead time is 3 weeks, and safety stock is 200 units.…

A: For the given statement, The thrid option is the correct answer.  Order point = 1100 units

Q: Why do we use "Specifications or bill of material" in the dependent inventory model?

A: In the event that the demand for stock of a thing is dependent upon another thing, such demands are…

Q: A supplier's price schedule is: Order Quantity Price per Unit 0–99 $50 100 or more 45 If ordering…

A: This question is related to the topic-Inventory Management and this topic falls under the operations…

Q: Develop a lot-for-lot solution and calculate total relevant costs for the gross requirements in the…

A: Find the Given details below: Given details Period 1 2 3 4 5 6 7 8 9 10 11 12 Gross…

Q: Your company has the following items in inventory: Annual Demand 1200 100 4500 400 35 250 1000 100…

A: “Since you have posted a question with multiple sub-parts, we will solve first three subparts for…

Q: a-Develop an A-B-C classification for these items. b-Given the monthly usages in the following…

A: For developing an A-B-C inventory chart we first will require to determine the annual dollar value…

Q: The New Haven Foundation gave a grant to the Affordable Computers Co.(ACC) to manufacture low cost…

A: Economic order quantity is the order quantity that helps the company to reduce the holding and…

Q: 2. A manager then obtained 10 lists of items with their following unit cost and gets the peso value…

A: Find the Given details below: Given details: Item Number Annual Demand Unit Cost 1 3500 360…

Q: I am working on determining optimal order quantity for the Sport Obermeyer case. " Using the data in…

A: To think about the standard deviation of interest, apply the accompanying principle for deciding…

Q: 2. Perform an ABC analysis for the data provided. Clearly explain why you classified items as A, B,…

A: ABC classification system uses Pareto principle approach which says that 80% of the inventory value…

Q: Item X is a standard item stocked in a company’s inventory of spare parts. Each year, the firm uses…

A: Economic order quantity is the optimal quantity that the business needs to buy the inventory to…

Q: 2. a. The following table contains figures on the monthly volume and unit costs for a random sample…

A: Given data is

Q: From the following particulars calculate (1) Inventory turnover ratio and (2) Inventory conversion…

A: Inventory turnover ratio = Cost of goods sold/ Average inventory Average inventory = (1,25,000 +…

Q: Birka Styles & Co is introducing a new line of beachwear for their retail stores. The manager needs…

A: Option 1 is NOT TRUE - The best decision is to order 3 lots for a payoff of $29,500. The…

Q: For the most popular craft item at Hobbies & More has an annual demand of 3600. The lead time is 16…

A: Formula used-   REORDER POINT = DEMAND DURING LEAD TIME + Z * STANDARD DEVIATION * SQRT(LEAD TIME)…

Q: A material manager adopts the policy to place an order for a minimum quantity of 500 of a particular…

A: Given, Demand = D = 200 × 8 = 1600 units/year Unit cost = Cp = 400 Discounted unit cost = Cp' = 360…

Q: Company B sold 50% of the 5,000 items that it carried last week. There were 500 items for which some…

A:

Q: A computer company’s yearly inventory cost is 40 percent (which accounts for thecost of capital for…

A: Total inventory cost The formula used to solve this problem is "Little's Law". Inventory = Flow Time…

Q: tem X is a typical object stored in a company's replacement parts warehouse. Per year, the company…

A: Given that: Annual demand, D = 2000 Price, P = Php 1000 Holding cost, H = 18% of P = 0.18*1000 = Php…

Q: Boreki Enterprise has the following 10 items in inventory. Based on the table below, develop an ABC…

A: Note: - Since the exact question that has to be answered is not specified we will answer the first…

Customary Pricing

There are various types of pricing strategies followed in the market. They are psychological pricing, odd pricing, free onboard pricing, customary pricing, prestige pricing, dual pricing, ruling pricing, negotiated pricing, mark up pricing, etc. each one can be explained as follows: 

Multiple Unit Pricing

“Multiple-unit pricing is a practice where a company offers consumers a lower than unit price if a specified number of units are purchased.”