question 1 i describe abc analysis and, Management Theories

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question 1 i describe abc analysis and

QUESTION 1

(i) Describe ABC analysis and illustrate an example using the Pareto Curve

(ii) What are the common policies applied with regard to inventories falling in each category.

(iii) What are the boundaries of ABC analysis?

QUESTION 2

(a) Classify the stocktaking process and state the main reasons why stocktaking is carried out?

(b) What recompense can continuous stocktaking have over periodic stocktaking?

QUESTION 3

(i) Identify layout of stores and briefly state benefits of good stores layout.

(ii) What factors have to be considered when designing an appropriate layout of stores?

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