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erp-information.com
ABC Analysis in Inventory Management (Always Better Control Analysis)
ABC Analysis is an inventory categorization technique based on Pareto rule Inventory items are grouped into categories based on the value and quantity of them.Pareto principle is based on the principle that the vast majority of an end result is determined by a small percentage of a group. Pareto Law is often stated as the 80/20 rule.ABC in ABC ...
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