Under the ABC system of inventory priorities a Class A item is:
A) The 20% of high-value items that account for around 20% of the total stock value
B) The 20% of high-value items that account for around 80% of the total stock value
C) The 80% of high-value items that account for around 20% of the total stock value
D) The 80% of high-value items that account for around 80% of the total stock value

Question

Quizplus · Accepted Answer

Class A items are the 20% of high-value items that account for around 80% of the total stock value, making them the highest priority items to manage in terms of inventory control.

Under the ABC System of Inventory Priorities a Class a Item