ABC analysis is useful to different varying service levels to different products.

Question

Quizplus · Accepted Answer

ABC analysis is a technique used in inventory management to categorize products into three categories based on their demand and value: A, B, and C. This helps to identify which products require a higher level of inventory control and which can be managed with less effort. Different service levels can be assigned to each category based on their importance, with higher service levels assigned to category A products and lower service levels assigned to category C products.

ABC Analysis Is Useful to Different Varying Service Levels to Different