WHAT IS ABC ANALYSIS ABC analysis is a list classification technique. ABC analysis divides a list into three categories - "A items" with very tight controls and accurate records, "B items" with less tightly controlled and good records, and "C items" with the simplest possible and minimum records. . Together. 'A' items - 20% of items account for 70% of the items' annual consumption value 'B' item - 30% of the item accounted for 25% of the annual consumption value 'C' item - 50% of the item has 5% of the annual consumption value of the item breakdown of ABC classes "A" about 10% item or 66.6% value "B" about 20% item or 23.3% value "C" about 70% items or 10.1% value For more info:- https://www.blogger.com/blog/post/edit/6705131264869638993/28790711009018072?hl=en
In this blog, we will tell you about the important role and responsibilities of store management and inventory control. Learn how effective inventory tracking, proper storage, and stock handling help businesses run smoothly, reduce waste, and meet customer demand. Whether in retail or warehousing, managing stock efficiently is key to success.