In an A-B-C inventory system,the typical percentage of the number of types of items in inventory that represent the A classification items is about:
A)15 - 20 percent.
B)20 - 30 percent.
C)40 - 50 percent.
D)70 - 80 percent.
E)More than 90 percent.

Question

Quizplus · Accepted Answer

In an A-B-C inventory system, A classification items typically represent about 15 - 20 percent of the number of types of items in inventory but account for a high percentage of the total value. This classification system is used to prioritize management of different inventory items, with A items being the most valuable and requiring the most attention.

In an A-B-C Inventory System,the Typical Percentage of the Number