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Why is it important for organisations to employ inventory control philosophies like ABC analysis?

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Question added by Ezra Masunda , Warrant Officer Class 2 , Air force of Zimbabwe
Date Posted: 2016/08/27
vadapalli venkateswarlu
by vadapalli venkateswarlu , Sr. Manager-Stores , IL&FS Engineering and Construction Company Ltd

Categorization of Items is ABC- Fast Moving -A,Slow Moving -B, Non Moving -C,

Each activity with resources to all products and services according to the actual consumption by each.Activity based costing (ABC) is a costing methodology that identifies activities in an organization and assigns. 

 

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