ABC inventory classification
Definition
Inventory control based on a form of Pareto analysis. The inventory items are divided into three categories (A, B, and C), according to a criterion such as revenue generation, turnover, or value. Typically, 'A' items represent 20 percent in terms of quantity and 75 to 80 percent in terms of the value. Also called usage value analysis. See also ABC analysis.
ABC inventory classification is in the Entrepreneurship, Management, & Leadership and Inventory Control & Storage subjects.
ABC inventory classification appears in the definition of the following term: usage value analysis
This content can be found on the following page:
http://www.businessdictionary.com/definition/ABC-inventory-classification.html
email to a friend
print this definition
cite this definition
link to this page
