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Thursday, February 10, 2011

Automobile Inventory control technology

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ABC analysis is a basic stock management principle that when applied can have direct impact on the policies and procedures that govern the inventory analysis but also store it as a control mechanism within the system itself.

One of the key techniques used in supply chain and inventory control It’s often seen as the starting point in inventory control and is often used as a key lever on which to base various other inventory tasks such as stock counting, strategic purchasing decisions, Storage location’s etc
 Once you’ve carried out your ABC analysis you’ll generally find that the high cost materials will be categorized as A class items, and the lower value  will be determined as C class..

To save more money, better operational performance, and reduced risk. Is the motto of this ABC analysis.

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