ABC (Always Better Control) Analysis –
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- Class A – constitutes 10% of total items and accounts for 75% of total money spend on inventories.
- Class B – constitute 15% of total items and accounts for 15% of total money spend on inventories.
- Class C – constitute 75% of total items and accounts for 10% of total money spend on inventories
Rule is called a PARETO’s law –
States that a few high usage value items constitute a major pat of the capital invested in inventories where as bulk of inventories having low usage value constitute insignificant part of capital.
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