Kate's Korner Market monitors 3 percent of its inventory on a daily basis, another 20 percent on a weekly basis, and the remaining inventory on a quarterly basis.What inventory management approach is being used?

Question

Quizplus · Accepted Answer

The ABC inventory management approach categorizes inventory into three groups (A, B, and C) based on importance, with A being the most monitored and C the least. Monitoring different percentages at different frequencies aligns with this method.

Kate's Korner Market Monitors 3 Percent of Its Inventory on a Daily