Define Abc Analysis?

1.	Define Abc Analysis?
Answer» ABC analysis DETERMINES the RELATIVE value of a group of inventory items BASED on a user specified VALUATION criterion. This technique divides inventory into three categories A, B & C based on their annual consumption value. It is also known as Selective Inventory Control METHOD (SIM). ABC analysis determines the relative value of a group of inventory items based on a user specified valuation criterion. This technique divides inventory into three categories A, B & C based on their annual consumption value. It is also known as Selective Inventory Control Method (SIM).

Answer»

ABC analysis DETERMINES the RELATIVE value of a group of inventory items BASED on a user specified VALUATION criterion.

This technique divides inventory into three categories A, B & C based on their annual consumption value.

It is also known as Selective Inventory Control METHOD (SIM).

ABC analysis determines the relative value of a group of inventory items based on a user specified valuation criterion.

This technique divides inventory into three categories A, B & C based on their annual consumption value.

It is also known as Selective Inventory Control Method (SIM).

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