Describe briefly the A-B-C approach to inventory control.

Describe the inventory processes perpetually and periodically. Is one system better than the other in circumstances?

Each Triam Deluxe gamer computer system consists of two speakers, a monitor, a system unit, a keyboard, and an installation kit. These pieces are packed together and shipped as a complete kit. In MRP terms, all of these items are level 1 items that make the level 0 kits. Complete the MRP records, using the following information: • Production plans for complete kits are as follows: Start assembling 4,500 kits in week 2 Start assembling 1,000 kits in weeks 3, 4, and 5 Start assembling 8,000 kits in week 6 • The gross requirements for the system unit have already been given to you. For the remaining items, you will need to figure out the gross requirements. • All scheduled receipts, lead times, and beginning inventory levels are shown. Click the icon to view the MRP records. Construct the material requirements plan for item System unit (enter your responses as whole numbers). System unit: Lead Time = 1 week; Minimum order quantity = 3,500 Week 1 2 3 Gross requirements 4,500 1,000…

Develop a measure of risk to go along with the ordering policy. This measure should be quantifiable.

Explore the role and implications of safety stock within the framework of the Wilson approach for effective inventory control.

Which of the following is not a common type of inventory? a) Raw materials b) Work-in-progress c) Finished goods d) Customer complaints

Observe the chart below that reflects an inventory of farm animals. What changes would be appropriate? Animal Farm Inventory 45 40 35 30 25 20 15 10 Horses Cows Chickens Geese Pigs Select one or more: а. A pie chart would be better b. Change all the bars to gray. С. Sort the bars by alphabetical order of the animals O d. Sort the bars according to value of inventory count e. Change the chart to a line chart