Describes the uses of business inventory control

Prepare a 5-6 page report (excluding the cover page, the reference page, and any tables and graphs), which describes the uses of business inventory control. You need to include at least one real world example and apply at least one inventory control method discussed in Chapter 6. Please use a flow chart to present your final findings. You may use hypothetical numbers to illustrate your analysis if you cannot find the actual data. However, you have to use some number to demonstrate your ability to apply your chosen inventory control model to a real world situation. APA format and appropriate use of section headings are required. Please copy, paste and explain your results in your paper, AND attach your Excel Worksheet, which is a must to receive credits for statistical analysis. You do need to analyze your own data and cannot simply cite the statistical result published else where.

Please check the basic APA format checklist posted in the Announcement and the grading rubric for writing assignments in the syllabus before you submit this assignment. You may also find the discussion at Discussion Post 5a quite helpful, too.

Link on steps to apply ABC analysis:

http://chandoo.org/wp/2014/10/01/abc-inventory-analysis-using-excel/

Attached also is a word document containing Walk through steps to apply ABC analysis.

Here is also a video for visual demonstration