TV King Ltd is known for selling high quality plasma televisions that are imported from...
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Accounting
TV King Ltd is known for selling high quality plasma televisions that are imported from Japan. The annual demand for the A545 model of their 40" plasma TV is around 900 units. TV King Ltd incurs relatively expensive storage costs and it costs them £20 to hold one unit of stock per year. Due to the shipping distance, it costs £120 to place an order for TV King to replenish their stock. The company is open for business for 52 weeks a year but are closed every Sunday.
Provide a detailed critical analysis to the Sales Manager of TV King Ltd of the following terms used in inventory analysis:
(i) ABC Classification system
(ii) Buffer / safety stock
(iii) Pipeline inventory
(iv) Inventory system
Ensure that your analysis is applied to both TV King and to different business sectors for each term.
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