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ABC and VED analysis are critical tools in inventory and stores management that help in prioritizing items for effective control and resource allocation. ABC analysis categorizes inventory based on the value of consumption, allowing managers to focus on items that have the highest financial impact. In ABC analysis, items are divided into three categories: 'A' items represent high-value, low-quantity goods that require tight control and frequent ______ _________ ________ ___ _________ _______.
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