====== Assignment 1 ====== This page is related to [[Inventory Management And Control]] * Source: //Supply Chain Management - A Logistics Perspective// * Due on Day 3, 25% of the final ===== MAQ Corporation ===== “Rene Corp. Ltd., a major producer of consumer electronics equipment, is currently faced with a rapidly growing product line and its associated inventory problems. Rene’s CEO, Abimbola Adebayo, decided to start a program to analyse the company’s inventory requirements utilizing different inventory techniques. The first phase of this program consists of an ABC analysis of the company’s product line (shown in the following table). Mr. Adebayo has encountered difficulties in deciding on the appropriate criteria to use in the classification and in developing appropriate cut-off levels for each class of inventory. To solve his dilemma, Mr. Adebayo has contracted the services of a logistics consulting firm to perform the inventory analysis.” Inspired by case 9.1 on pages 353 — //Supply Chain Management// ==== Sales Data (One-year Period) ==== ^ PRODUCT # ^ Unite Sold ^ Price Per Unit ($) ^ Profit Per Unit ($) | | SR101 | 14000 | 245 | 60 | | SR103 | 700 | 1550 | 320 | | SR105 | 1500 | 620 | 90 | | SR201 | 40 | 2300 | 860.50 | | SR203 | 10 | 3500 | 1650 | | SR205 | 9350 | 510 | 120 | | SR301 | 750 | 650 | 195 | | SR303 | 600 | 710 | 198 | | SR305 | 3200 | 930 | 302.60 | | SR500 | 120 | 1200 | 442 | ===== Case Questions ===== - If you were employed by the consulting firm, how would you construct your method of analysis? (Hint: create a table and do the **ABC classification** using the data presented in the table above. See pp. 347 in [[textbooks#inventory_management_and_control | the textbook]] for the explanation and an example. This question will not get any mark without an ABC classification table.) - What criteria would you use? - What would the cut-off levels be? Be sure to provide explanations of the reasoning supporting your decisions. ====== Your checklist before you submit ====== ++++Pre-flight checklist | * No coloured-text * No cover image * Cover page must include: * course name; * assignment number and title; * instructor’s name; * student’s First and Last name; * student number; * date; and * word-count. * Address all 3 questions * Answer all questions in detailed paragraphs (no one-liners; detailed explanations are needed) * Table of Contents must be included * Paper’s recommended length range: min 400, max 600 words, excluding the covers, TOC, repeated questions, block-quotes, and the bibliography * Use headings and subheadings (do NOT rewrite each question in the “Headings.” That is not what headings are for). Heading numbers **must** correspond to the question numbers * Citations: [[https://www.zotero.org/styles?q=annotated|APA annotated bibliography]], in-line citations, and an [[citation#annotate_your_bibliography_references | annotated bibliography]] (the paper will be rejected if these are incorrect or incomplete) * Page numbers ++++ ====== Written Report Marking Scheme ====== ++++The marking scheme | ^ Criteria ^ Marks ^ | Cover-page includes assignment title, instructor’s name, course & assignment name, student’s first and last name, student number, date, subheading numbers correspond to the questions, and word count. | 1 | | Response to Q1 | 20 | | Response to Q2 | 12 | | Response to Q3 | 13 | | Extensive, valid, literature/library research from reliable sources in addition to the textbook (‘Google search’ is not a source, no Wikipedia articles), [[https://www.zotero.org/styles?q=annotated|APA annotated biblio. style]] in-line citations, an [[citation#annotate_your_bibliography_references | annotated bibliography]], correct format and structure followed (read [[citation]] for more info.) | 2 | | Correct spelling / proper grammar | 2 | | TOTAL POSSIBLE MARKS | 50 | | ANY form of plagiarism (e.g. any text from a not-credited source, any uncited block-quote, any uncited paraphrase, any text borrowed from your classmate’s paper, etc. Maximum amount of quotes in your paper must not exceed 10%. Violations will be reported to the campus director immediately. | -50 | | Late submission (penalty; mark deduction per day) | -20% | ++++ ====== Submitting Your Written Assignment ====== * Share a digital copy of your final paper with me via Google Docs (use my gmail address) * No late-submission will be accepted. Day 3 is the last day for this assignment (there will be a penalty for late submissions)