BUISENESS MANAGEMENT
INVENTORY CONTROL
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
In ABC analysis for selective control in inventory management is done by arranging items in decreasing order of
|
|
Total inventory costs
|
|
|
Item value
|
|
|
Annual usage value
|
|
|
Item demand
|
Explanation:
Detailed explanation-1: -What Is ABC Analysis in Inventory Management? ABC analysis is an inventory management technique that determines the value of inventory items based on their importance to the business. ABC ranks items on demand, cost and risk data, and inventory mangers group items into classes based on those criteria.
Detailed explanation-2: -Activity-based costing (ABC) is a method of assigning overhead and indirect costs-such as salaries and utilities-to products and services. The ABC system of cost accounting is based on activities, which are considered any event, unit of work, or task with a specific goal.
There is 1 question to complete.