ABC Analysis - Easily Explained
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- Опубліковано 25 лип 2024
- In this video, you are going to learn ABC Analysis.
One of the excellent procedures for helping managers to optimize the inventory levels is ABC Analysis. Abc analysis helps to segregate the inventories from one another and tells how much valued the item is and controls it to what degree.
Topics I have discussed are -
1. ABC analysis for inventory concept, the importance of ABC analysis.
2. Steps involved in Abc analysis.
3. ABC analysis provides information, and examples.
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#abcanalysis
At last someone told how to do it
Rather than just theory
I really liked the video but I'm struggling to get the PDF on it cause it's not showing on the link provided and I'm Sooo in need of it, I'd gladly appreciate if I'm assist me on that..
The pdf is not attached as said:(
PDF has been updated, please check the description.
Hi, I have a doubt. If products under category A are producing high revenue, why can't we keep those products under category A in large quantity in our inventory? I mean, Why shouldn't we keep products that produce 70% revenue for 70% quantity?
Limiting factors come in this places, and considering majority of the keys, its not possible at all with the recommendation u gave.
Although not exactly sure, just my pov, let sir clarify it instead.
I guess inventory cost plays a role here, particularly as high value items need better handling and more cumbersome processes around them… low value items may have higher throughput through warehouses etc. making up the majority of sales activity. Additionally high value items also often have shorter life cycles associated with them, so markdown of excess inventory can be costly.