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Conduct the ABC analysis for a convenience store, using the following percentages A inventory - most important items, generating 60% of sales B inventory - items generating the next 30% of sales Cinventory - items generating <10% of sales Stock (units) Unit price Revenue 1000 $ 1.89 200 $ 4.50 Product АВС Candy bars Cereal Cookies 400 Š 4.00

Conduct the ABC analysis for a convenience store, using the following percentages A inventory - most important items, generating 60% of sales B inventory - items generating the next 30% of sales Cinventory - items generating <10% of sales Stock (units) Unit price Revenue 1000 $ 1.89 200 $ 4.50 Product АВС Candy bars Cereal Cookies 400 Š 4.00

Practical Management Science
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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Conduct the ABC analysis for a convenience store, using the following percentages A inventory - most important items, generating 60% of sales B inventory - items generating the next 30% of sales Cinventory - items generating <10% of sales Stock (units) |Unit price Revenue 1000 $ 1.89 Product АВС Candy bars Cereal 200 $ 4.50 Cookies 400 $ 4.00 Milk 100 $ 2.00 200 $ 3.00 500 $ 1.50 Muffins Soda Hints 1. sort by revenue (largest to smallest) 2. calculate % of total revenue for each item 3. run a cumulative % for the items 4. identify the cut-off for each category You can run the entire exercise sorting and extending the table above
Transcribed Image Text:Conduct the ABC analysis for a convenience store, using the following percentages A inventory - most important items, generating 60% of sales B inventory - items generating the next 30% of sales Cinventory - items generating <10% of sales Stock (units) |Unit price Revenue 1000 $ 1.89 Product АВС Candy bars Cereal 200 $ 4.50 Cookies 400 $ 4.00 Milk 100 $ 2.00 200 $ 3.00 500 $ 1.50 Muffins Soda Hints 1. sort by revenue (largest to smallest) 2. calculate % of total revenue for each item 3. run a cumulative % for the items 4. identify the cut-off for each category You can run the entire exercise sorting and extending the table above
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