Question

Technique of inventory control

31 Aug 2022
Answer :
Word Count : 606

The two basic techniques of inventory control are ABC analysis and VED analysis are -

ABC Method of Inventory Control

BC analysis is a method in which inventory is divided into three categories, i.e. A, B, and C in descending value. The items in the A category have the highest value, B category items are of lower value than A, and C category items have the lowest value.

Inventory control and management are critical for a business. They help to keep their costs under control. The ABC analysis helps the business to control inventory by letting the management focus on the ____ ____ ________ _______ _______ ___ ________ ______.
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