Meaning ABC Inventory Control
What does ABC Inventory Control mean? Here you find 2 meanings of the word ABC Inventory Control. You can also add a definition of ABC Inventory Control yourself
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ABC Inventory ControlAn inventory control approach based on the ABC volume or sales revenue classification of products (A items are highest volume or revenue, C - or perhaps D - are lowest volume SKUs.)
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ABC Inventory ControlA type of selective inventory management that suggests that inventories of an organization are not of equal value and should therefore be treated differently. As such, inventories are grouped into three categories (A,B, and C) in order of their estimated importance with A items being subject to very tight control and accurate records and C items be [..]
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