ABC ANALYSIS IN INVENTORY MANAGEMENT
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 and minimal records.
The ABC analysis provides a mechanism for identifying items that will have a significant impact on overall inventory cost,[1] while also providing a mechanism for identifying different categories of stock that will require different management and controls.
The ABC analysis suggests that inventories of an organization are not of equal value.[2] Thus, the inventory is grouped into three categories (A, B, and C) in order of their estimated importance.
'A' items are very important for an organization. Because of the high value of these 'A' items, frequent value analysis is required. In addition to that, an organization needs to choose an appropriate order pattern (e.g. 'just-in-time') to avoid excess capacity. 'B' items are important, but of course less important than 'A' items and more important than 'C' items. Therefore, 'B' items are intergroup items. 'C' items are marginally important.
#abcanalysis #CTM #VNIT
Пікірлер: 79
This is the best concise explanation. And I have seen lots of videos and read many articles. Good job!
Best explanation I have seen in last 20 years. Please share more videos.
Great Job! As a simple guy attempting to pass a test, I know better now then flashcards and reading 6 chapters,
This is the best explanation so far in KZread Thankyou very much 😊
You are Amazing 👏 Explained very briefly and clearly.
Thanks .. I wanna easily prepare my exam using this explanation
Seedhi baat, no bakwaas. 👍🏻👍🏻👍🏻
Short but super clear explanation!
Thank you, this was very helpful.
Why don't u make more vedios on finance....u teach well and in simple words😊
Thank you for an excellent video tutorial, but I have one question: Why 10/20/70?
love this explanation, thank you
What kind of a graph are you using in 2:03?
Thank you Sachin , well explained bro❤
Love this, thank you.
Keep up the good work !
thank you for the sharing in easy way.
Explanation was Awesome,.
What items can be class A and class b in automobile industty?
Thank you, that was helpful!
Concept cleared...👌👌
Clear,easy and smart explanation.. thank you !!😊
Simply superb
Nice short info
🎉 thank you
THANK YOU
Neatly explained..
Very requisite... Thank you sir
Nice explanation.
Very clear, helpful
Thanks for the video 🤩
Thanks, it helped!
Thank you very much...👍👍👍
Bro do more videos ur explained very good
Good Explanation..
Thank you very much brother
superb
Thank you amigo😇
Thank you!
king of the world
Well explained!!
Thanks 😁
Clear explanation
Bhyii everything is ok aapke is channel pe 3 vedios vo 3ino hi alg alg domain ki hain ek education ek trip aur jismain ki ye inventory vali vedio m bhi aacha smjh aaya whyy sooo???? 😂
Pls make videos on other topics also.
Thanku
salute brother
Thank you sir
Tysm sir😘🙏
👍🏾
Thnk uh sir😊
Gracias.😝
great
🙏🏻
👍🏼🙌🏽🙏🏽
Pllz make a video on EOQ inventory management
@sachin9557
4 жыл бұрын
This video was my assignment topic while studying at NIT, Nagpur. Once I get confident with EOQ, I'll surely make one.
just wanted to ask how to know the percentage value of each categories ?
@sachin9557
4 жыл бұрын
These percentage depends on situation and inventory at hand. Here the percentage used are just for understanding the topic and are not constant for every situation. The point I am trying to make is that (ex: category A) will be less in number but their cost(value) will be very high. Hope that clears something.
@aeronareasalig6243
4 жыл бұрын
@@sachin9557 noted sir. thank you so much. this helped me a lot.
Gracias señor 🥰😇
A topic in WOLC.
Wow,Why you stopped making vedios.....start again
Adidos amigos 😂
my Name is Bright Makerere university Kampala Uganda i thought Class A COINTAINS 20% of the total inventory items and 80%of the total inventory value and class B contains 30% of the total inventory items and 15%of the total inventory value then lastly class C contains 505OF THE TOAL INVENTORY ITEMS AND 5% OF THE TOTAL INVENTORY VALUE
Bss ek hi video 🤔.
ABC analysis ke advantaged batao
you think that's his real hand?
your sound is not audible bro
Hindi me bologe too channel jaldi grow karega
hasťa mañana
Sir aapka number mil sakta hai ya details
kategre
Good but VERY boring explanation. Almost slept in the between
Brother samjhao sirf likho mat