Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Business Management Expert

QUESTION

(a) Describe how the ABC method/technique of inventory control is based on Pareto analysis

(b) You are part of a team who is carrying out a study on the causes of inventory discrepancies in a Ministry. The team has collected the following information over a period of I2 weeks:

No of incidents

(a) Wrong recording of issues                                                                         6

(b) Wrong recording of receipts from suppliers                                                 2

(c) Over issue of stock                                                                                   26

(d) Under issue of stock                                                                                 8

(e) Error in counting inventory on hand                                                           4

(f) Pilferage                                                                                                  14

You are required to analyse the above information using Pareto analysis

(c) A study was conducted to determine the shrinkage rate of a material over time. 10 kg of the material was used for the test and measurements were taken over a period of 7 weeks. The results are shown below

Week                                                                 Weight (kg)

   1                                                                               9.7

   2                                                                               8.1

   3                                                                               7.4

   4                                                                               5.9

   5                                                                               5.1

   6                                                                               4.2

   7                                                                               3.3

You are required to analyse and comment on this information by using the appropriate quality tool.

(d) Data pertaining to the weight of an item has been collected over a period of 2 weeks as set out below;

Weight (kg)                                                                 no of items

10                                                                                            4

10.2                                                                                         6

10.3                                                                                         8

10.4                                                                                         10

10.5                                                                                         7

10.6                                                                                         5

10.7                                                                                         3

You are required to plot the data using a histogram and to comment thereon. .

 

Business Management, Management Studies

  • Category:- Business Management
  • Reference No.:- M9585649

Have any Question?


Related Questions in Business Management

Discuss the different characteristics of a group goal

Discuss the different characteristics of a group (goal orientation, interdependent, interpersonal interaction, perception of membership, structured relations, mutual influence, and individual motivation) and give example ...

Summary SUMMARY

SUMMARY 1                                                                                      Regression Statistics                                                                          Multiple R                     ...

Principles of business governanceassignmentthis assignment

Principles of Business Governance Assignment This assignment is worth 40 marks.  It must not exceed 1500 words for each question. The assignment is due by 4 pm (WST) on 25 th September 2018.  Students must submit their a ...

Why is it important to back up the dhcp database and

Why is it important to back up the DHCP database and Identify key files that make up the DHCP database?

Question 1 systems theory integrated the ideas of the

Question 1 "Systems theory integrated the ideas of the classical and human relations' theories while contingency theory extended them."  Discuss. Question 2 "An individual's behaviour is sometimes based on their percepti ...

Define what succession planning is and provide at least one

Define what succession planning is and provide at least one reason for developing a succession planning system.

From this textbooknbspmanagement leading and collaborating

From this textbook,  Management: Leading and Collaborating in a Competitive World, 12th ed ; (2016) authors: Bateman, Snell & Konopaske; Publisher: McGraw-Hill; ISBN-13: 978-1-259-546945 . Chapter 5. Social Enterprise : ...

What is greeces global health issues and how can they be

What is Greece's global health issues and how can they be combated?

How can the bangladesh unclean water and sanitation problem

How can the Bangladesh unclean water and sanitation problem be combated?

1 describe in one paragraph your interpretation of the

1. Describe in one paragraph your interpretation of the strategy in place at the Walt Disney Company. Next, describe the vertical integration and complementary assets in place at the company. Provide examples. 2. Using t ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As