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1. The% of high-value items that account for around% the total stock value 2. The% of high-value items that account for around% the total stock value 3. The% of high-value items that account for around% the total stock value 4. The% of high-value items that account for around% the total stock value
Class A refers to accurate records with tight control.
"A" class materials under ABC analysis is that 70% of value or movement or consumption of materials.
I apologize for the answer, I leave the answer to experts specialists in this field, this is not my area.
classification based on consumption Consumption:• three varieties:• Class I: 10% of the pieces make up 70% of the value of consumption.• Class II: 20% of the pieces make up 20% of the value of consumption.• Class III: 70% of the pieces make up 10% of the value of consumption. Adopt policies and methods to deal with each class
Hello Team,
In materials management, the ABC analysis (or Selective Inventory Control) is an inventory categorization technique. ABC analysis divides an inventory into three categories- "A items" with very tight control and accurate records, "B items" with less tightly controlled and good records, and "C items" with the simplest controls possible and minimal records.
The ABC analysis provides a mechanism for identifying items that will have a significant impact on overall inventory cost,[1] while also providing a mechanism for identifying different categories of stock that will require different management and controls.
The ABC analysis suggests that inventories of an organization are not of equal value. [2] Thus, the inventory is grouped into three categories (A, B, and C) in order of their estimated importance.
'A' items are very important for an organization. Because of the high value of these 'A' items, frequent value analysis is required. In addition to that, an organization needs to choose an appropriate order pattern (e.g. ‘Just- in- time’) to avoid excess capacity. 'B' items are important, but of course less important than 'A' items and more important than 'C' items. Therefore 'B' items are intergroup items. 'C' items are marginally important.
Regards,
Saiyid
Class A items are high value items of inventory. 20% of A class items contribute nearly 70-80% of total inventory value
Class A item refers to 20% of the high value items contribute to 80% of the Total stock value
Class a items refers to most valuable times with high & tight control .
Agree with very concise and the point reply given by Sameer Abdul Wahab
