The goal of ABC analysis is to
A) estimate dollar value per pound.
B) determine the profitability of items.
C) to identify the A items for better inventory control.
D) estimate average volume per dollar value.

Question

Quizplus · Accepted Answer

ABC analysis is a method of inventory management that categorizes items into three groups (A, B, and C) based on their importance, with A items being the most valuable and requiring more stringent control.

The Goal of ABC Analysis Is to