Case study 9.1
Randy Smith, Inventory Control Manager has to consider an ABC Inventory Control Policy.
The ABC classification system is to grouping items according to annual issue value, in an attempt to
identify the small number of items that will accoun
The objective of materials management is to:
I. Provide the required level of customer service.
II. Maximize the use of the firm's resources.
a. I only
b. II only
c. I and II
d. neither I nor II
Which of the following statements is best?
The ability of manufacturing to produce goods and services is called:
none of the above
Priority in production planning relates to:
what should come first.
how much of what is
hit-11th AC m 31
8.4 Forccaat for 1361311131? =(.15)(155)+ [.85} 113.95 = 124 8.12
I a mum?
Total Month Seasonal index
I 11 13'
1. Using the data on the two part numbers given, provide a comprehensive evaluation of the ordering
policies. Compare the present annual average cost with the cost of using a system such as EOQ, and
discuss any other order policies as appropriate.