Inventory Management for Houts Plastics
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l. Houts Plastics is a large manufacturer of injection-molded plastics in North Carolina. An investigation of the company's manufacturing facility in Charlotte yields the information presented in the table below (see attachment).
How would the plant classify these items according to an ABC classification system?
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Solution explains Inventory Management for Houts Plastics: Classifications for ABC system
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Please refer the attached file.
As per ABC, "A company that uses annual costs of goods sold (COGS) as its basis for the ABC classification method stocks less of the "A" class items (identified as ...
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