Explain ABC analysis

ABC analysis: It is an inventory management technique wherein the items are classified and clubbed according to their value. The items including the top 5-10% of the total value of inventory are known as "Class A", next 10-15% is classified as "Class B" and the remaining as "Class C".

This management effort required to maintain must decrease from Class A to Class C.

   Related Questions in Biology

  • Q : Explanation of anaphylaxis Give a brief

    Give a brief explanation of anaphylaxis.

  • Q : What is Employee Retention Employee

    Employee Retention: This refers to the different policies and practices that let the employees stick to an organization for a longer time period. Every organization invests money and time to groom a new joinee, make him a business ready material and b

  • Q : Concepts of chromosome and chromatin

    What is the relation among the concepts of chromosome and chromatin? Are heterochromatin and euchromatin portion of chromosomes?

  • Q : Ureotelic and uricotelic excretions

    Considering the toxicity and the need for dilution in the water compare the ureotelic and the uricotelic excretions? Write some of the examples of animals which have these respective types of excretion?

  • Q : Mechanisms by which the pathogenic

    Name some mechanisms by which the pathogenic bacteria cause diseases? Why is this knowledge significant?

  • Q : Rings present on cross section of stem

    How can the age of the tree be estimated from analysis of rings present on the cross section of stem?

  • Q : State Sales Forecasting Sales

    Sales Forecasting: It is estimating what a company's future sales are probably to be based on sales records and also market research. The information utilized in them should be disciplined and may contain information on the competition and statistics

  • Q : Main function of secretin in the

    Where secretin is produced and what is the main function of secretin in the digestive process? Answer: Secretin is made up in the duodenum. The chyme acidity causes

  • Q : Function of plant cell wall Function of

    Function of plant cell wall: The plant cell wall has protective and structural functions. It plays a significant role in the constraint of cell size, preventing the cell to break whenever it absorbs lot water.   

  • Q : Is mollusc be metameric beings Is

    Is mollusc be metameric beings? Exclusively analyzing this characteristic could it be state that molluscs are evolutionarily proximal to the nematodes or to annelids?

©TutorsGlobe All rights reserved 2022-2023.