Multiple choice

A method used for measuring & classifying inventory according to a set criteria is called

  1. prioritizing

  2. 80/20 rule

  3. ABC analysis

  4. cycle count
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

ABC analysis is an inventory management technique that divides inventory into three categories (A, B, and C) based on their importance, usually measured by annual consumption value.

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