The Dynaco Company stocks a variety of parts and materials i

Arab Open University
Faculty of Business Studies
B203A- Business Functions in Context I
Second Semester 2017-18- Tutor Marked Assessment
PART A: Inventory Management/ ABC analysis (50 marks)
The Dynaco Company stocks a variety of parts and materials it uses in its manufacturing processes. Recently, as demand for its finished goods has increased, management has had difficulty managing parts inventory; they frequently run out of some crucial parts and seem to have an endless supply of others. In an effort to control inventory more effectively, they would like to classify their inventory of parts according to the ABC approach. Following is a list of selected parts and the annual usage and unit value for each:
Item number
Annual usage (items/year)
Unit cost ($)
Item number
Annual usage (items/year)
Unit cost ($)
1
36
350
16
60
$ 610
2
150
30
17
120
20
3
50
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