Parts Planner
Parts Planner Interview Questions and Answers
Updated 7 Sep 2024
Q1. What is ABC Analysis
Ans.
ABC Analysis is a method used in inventory management to categorize items based on their importance.
Items are classified into three categories: A (most important), B (moderately important), and C (least important)
A items are typically high-value items that require tight control and frequent monitoring
C items are low-value items that are ordered less frequently and in larger quantities
ABC Analysis helps in prioritizing inventory management efforts and resources
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