Inventory Management AI
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Inventory managementQuestion
Abc Stratification - What is the ABC analysis with example?
Answer
One method for managing stock is the ABC analysis, which divides products into three classes according to their monetary worth to the company: A, B, and C. To illustrate the point, the most valuable objects are enumerated quarterly in Category A and twice yearly in Category B. Because of their low worth, Category C products are tallied once a year.