Johnson Controls Cost Trainee Interview Questions and Answers

ABC analysis is a method of categorizing items based on their importance.

• ABC analysis categorizes items into three groups: A (most important), B (moderately important), and C (least important).

• It helps in prioritizing resources and efforts based on the importance of items.

• Example: A company may use ABC analysis to focus on managing inventory levels for high-value items in category A.

• Example: In healthcare, ABC analysis...read more