The _______ inventory classification model allows a company to classify inventory based on degree of importance.
A) VMI
B) EOQ
C) ABC
D) MRP
E) ROP

Question

Quizplus · Accepted Answer

The ABC inventory classification model allows a company to classify inventory based on degree of importance. This is done by analyzing sales volume, unit cost, and other factors to determine which items are top priority and which are lower priority. This helps companies manage their inventory more effectively and ensure that they have the right amount of inventory on hand at all times.

The _______ Inventory Classification Model Allows a Company to Classify