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Inventory Management and ABC Analysis

   

Added on  2021-04-21

8 Pages1543 Words148 Views
Running head: INVENTORY MANAGEMENT AND ABC ANALYSISInventory Management and ABC analysisName of the Student:Name of the University:Author’s Note:

1INVENTORY MANAGEMENT AND ABC ANALYSISTable of ContentsPart A: ABC Analysis................................................................................................................2Analysis:.................................................................................................................................2Recommendation:..................................................................................................................4Part B: Supply Network.............................................................................................................4Introduction............................................................................................................................4Company overview, product overview, major competitors...................................................4Stages of the product supply chain.........................................................................................5The relationship between suppliers and customers................................................................5Problems and suggestions for further improvements.............................................................5Conclusion..............................................................................................................................6References:.................................................................................................................................7

2INVENTORY MANAGEMENT AND ABC ANALYSISPart A: ABC AnalysisAnalysis:Table 1: The table for ABC analysisItemnumberAnnual usage(items/year)Unitcost ($)AnnualTurnoverAmount(in $)% AnnualTurnoverAmountCumulative %AnnualTurnoverAmountCategory258701059135016.2789%16.2789%A23302,7108130014.4879%30.7668%A20193,2006080010.8348%41.6015%A22124,7505700010.1576%51.7591%A24241,800432007.6984%59.4575%A1660610.00366006.5222%65.9798%A5181,900342006.0946%72.0743%B1067440294805.2534%77.3277%B1268235238704.2537%81.5814%B430045135002.4057%83.9872%B136350126002.2454%86.2326%B2775015112502.0048%88.2373%B93442896321.7165%89.9538%B294616073601.3116%91.2654%B262443073201.3044%92.5698%B284511049500.8821%93.4519%B13955047500.8465%94.2984%B21503045000.8019%95.1003%C301652541250.7351%95.8354%C182701540500.7217%96.5571%C6500840000.7128%97.2699%C7710428400.5061%97.7760%C21910327300.4865%98.2625%C171202024000.4277%98.6902%C19455022500.4010%99.0912%C8802620800.3707%99.4618%C3502311500.2049%99.6668%C11510210200.1818%99.8485%C1582018200.1461%99.9947%C14103300.0053%100.0000C

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