The inventory management system that looks at inventory in terms of quantity of demand and value is called __________________?

Name: The inventory management system that looks at inventory in terms of quantity of demand and value is called __________________?
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Question

Quizplus · Accepted Answer

The ABC classification system categorizes inventory based on its value and the quantity of demand, with 'A' items being the most valuable and 'C' items being the least. This method helps businesses prioritize their inventory management efforts.

The Inventory Management System That Looks at Inventory in Terms