you are required to classify the items of inventory as per abc analysis with reasons 616429
A factory uses 8,000 varieties of inventory. In terms of inventory holding and inventory usage, the following information is compiled:
|
No. of Varieties of Inventory (1) |
% to Total No. of |
%Value of Inventory |
% of Inventory Usage |
|
7,750 |
96.875 |
20 |
5 |
|
220 |
2.750 |
30 |
10 |
|
30 |
0.375 |
50 |
85 |
|
8,000 |
100 |
100 |
100 |
You are required to classify the items of inventory as per ABC analysis with reasons.