MGMT H3344: Operation Of Stores And How Their Location Can Improve The Customer Experience: Inventory And Material Management Assignment, UOL, Ireland
| University | University of Limerick (UOL) |
| Subject | MGMT H3344: Inventory And Material Management |
Learning Outcomes:
LO1 – Operation of stores and how their location can improve the customer experience.
LO2 – Management techniques that improve the distribution environment.
Part A:
(I) A retailer is considering using ABC analysis to focus on the most critical items in their inventory. Currently, they have approximately 20,000 items with a value of €10,000,000. Based on this information, how many items, B items, and C items would they have and what would be the value of each classification?
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(II) The following table provides a random sample of the unit values and annual demand for eight items. Categorise these items as A, B or C items.
| Item Code | Unit Value (€) | Demand in Units |
| A104 | 0.85 | 370 |
| D205 | 0.03 | 3,500 |
| X104 | 4.35 | 60 |
| U404 | 2.20 | 2,700 |
| L205 | 4.70 | 25 |
| S104 | 2.40 | 30 |
| X205 | 0.23 | 270 |
| L104 | 0.36 | 1,040 |
You should present your answer using Excel.
Part B:
Value is the common criteria associated with ABC analysis, but other criteria can be used. List and briefly describe how these other criteria can be utilized using ABC analysis.
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