ABC inventory Classification

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Term Definition
ABC inventory Classification
Glossaries: Supply Chain
Glossaries Description:

A method for dividing inventory into classifications either by transaction volume or cost. Typically category A includes that 20% of inventory involving 60% of all costs or transactions while category B includes the next 20% of inventory involving 20% of all costs or transactions and category C includes the remaining 60% of inventory involving 20% of all costs or transactions.

 

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