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Accounting
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Task 2 - Inventory Management \& Control A leading automobile company based in Japan, which makes automobile parts has the following average annual inventory level, as given in Table T2 a. To have a more proper control over the inventory the company needs to do ABC analysis based on the annual consumption value. Table T2a - Average Annual inventory a. Classify the inventory based on the A-B-C analysis and classify the items based on 70-2010 rule. (10 Marks) b. Prepare a Pareto Chart with the above information. (05 Marks) c. Suggest 5 benefits of using ABC analysis for your inventory management with clear justification. (10 Marks) [Total marks 25]
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