Mumbai University > Mechanical Engineering > Sem 7 > Production planning and control

Marks: 5M

Year: May 2016

In materials management, the ABC analysis (or Selective Inventory Control) is an inventory categorization technique. ABC analysis divides an inventory into three categories-

"A items" with very tight control and accurate records,

"B items" with less tightly controlled and good records, and "

“C items" with the simplest controls possible …