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The purpose of this assignment is for you to develop an inventory plan for the Jones company. You will accomplish this goal by performing an ABC analysis on Jones' stock. You will also calculate the EOQ's for the items.
Instructions:
Now that you’ve assisted Jones Company with their customer demand forecasts, master schedule, and MRP schedule, it’s time to help them get a handle on managing their inventories. You have two objectives.
Create an ABC analysis for the following components and recommend at least three ways Jones should manage the inventory of these items based on your analysis.
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