Practical Management Science
Practical Management Science
6th Edition
ISBN: 9781337406659
Author: WINSTON, Wayne L.
Publisher: Cengage,
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Problem 12.1

L. Houts Plastics is a large manufacturer of​ injection-molded plastics in North Carolina. An investigation of the​ company's manufacturing facility in Charlotte yields the information presented in the table below. How would the plant classify these items according to an ABC classification​ system? ​(Round
dollar volume to the nearest whole number and percentage of dollar volume to two decimal​ places.)

L. Houts Plastics Charlotte Inventory Levels
Item Code

Avg. Inventory​ (units)

Value
​($/unit)

Dollar
Volume

​% of Dollar Volume
1289
380

3.75

nothing

nothing
2347
300

4.00

1 comma 200

36.32
2349
120

2.50

300

9.08
2363
75

1.80

nothing

nothing
2394
60

1.75

105

3.18
2395
25

1.75

nothing

nothing
6782
20

1.15

23

0.70
7844
12

2.05

25

0.74
8210
10

1.60

nothing

nothing
8310
7

2.00

14

0.42
9111
6

3.00

18

0.54

3 comma 304

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  • Question 6 (ABC Analysis)   Use the information provided below and classifies the inventory items according to the ABC classification.                                                                                                                       Item:    Annual demand:    Unit Price N$:   1   1000                          0.50   2   100   250   3   50   1000   4   50   800   5   300   50   6   500   10   7   500   7
    QUESTION 1 Which of the following statements regarding foreast sharing game is INCORRECT?     Retailer only faces underage risk.     Supplier faces both underage and overage risks.     Suppliers tend to produce less than the supply chain optimal quantity.     The retailer has to purchase at least the quantity it reports to the supplier.   QUESTION 2 Assume that the firm can source from 2 faraway suppliers (each has Lead time = 4 months, capacity=60 k) and 2 Closeby suppliers (each Lead time =0 month, capacity=40k). The sales season starts in May. Which of the following statements regarding sourcing is INCORRECT?     The production change should be only applied to the Closeby supplier so that the firm can benefit from the change in time.     The production at the Faraway supplier should start in January and the production at Close-by supplier should start in May.     The firm should source from a combination of one faraway supplier and one close-by…
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