ABC Analysis definition

ABC Analysis means classification of inventory items in decreasing order of annual dollar volume or other criteria such as criticality. This array is then normally split into three classes, called A, B, and C. Frequently this distribution approximates the following: A items, 10% of items held in inventory, but 70% of inventory dollars; B items, 20% of both items and dollars; and C items, 70% of items but only 10% of inventory investment. Class A contains the items with the highest annual dollar volume and that receives the most attention. Class B items receive less attention, and Class C, which contains the low-dollar volume items, is controlled routinely. Typically, A items are cycle counted once each month, B items once per quarter, and C items annually. The
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Related to ABC Analysis

  • Forensic analysis means the practice of gathering, retaining, and analyzing computer-related data for investigative purposes in a manner that maintains the integrity of the data.

  • Market Analysis means a technique used to identify market characteristics for specific goods or services “National Treasury” has the meaning assigned to it in section 1 of the Municipal Finance Management Act, 2003 (Act No. 56 of 2003);

  • risk analysis the analysis required under Rule 17f-7(a)(1)(i)(A).

  • Credential analysis means a process or service by which a third party affirms the validity of an identity document described in section 25(6)(c) through a review of public and proprietary data sources conducted remotely.

  • Research Analyst means any individual employed by Loomis Sayles who has been designated as a Research Analyst or Research Associate by Loomis Sayles. A person is considered a Research Analyst only as to those Covered Securities which he or she is assigned to cover and about which he or she issues research reports to other Investment Persons or otherwise makes recommendations to Investment Persons beyond publishing their research. As to other securities, he or she is simply an Access Person.