Define abc analysis. how is it useful as a tool of inventory management
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In materials management, the ABC analysis (or Selective InventoryControl) is an inventory categorization technique. ... Thus, the inventory is grouped into three categories (A, B, and C) in order of their estimated importance. 'A' items are very important for an organization.
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In materials management, the ABC analysis (or Selective InventoryControl) is an inventory categorization technique. ... Thus, the inventory is grouped into three categories (A, B, and C) in order of their estimated importance. 'A' items are very important for an organization.
hope helps
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