Question

explain the concept of abc analysis as a technique of inventory control

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Answer 1

Answer:

ABC analysis is an approach for classifying inventory items based on the items' consumption values. Consumption value is the total value of an item consumed over a specified time period, for example a year. ... Their consumption values are lower than A items but higher than C items.

Answer 2

Explanation:

abc analysisi is a method in which investory is divided into three categories , i.e.A,B and C in descending value ..

the itemshould in the A category have the highest value, B category items are lower value than A ,and C category items have lowest value