Advantages of abc analysis, Managerial Accounting

ADVANTAGES OF "ABC ANALYSIS"

The advantages derived from this analysis and its consequent follow up are summarized below:

1) Facilities selective control and thereby save valuable time of busy executives.

2) Eliminates lot of unnecessary paper work involved in various other control procedures. Tangible savings can be affected in this behalf by following Two-Bin System which is very closely related with this technique.

3) Facilitates Inventory Control and control over usage of stores materials which ultimately results in cost control.

Posted Date: 12/6/2012 6:48:59 AM | Location : United States







Related Discussions:- Advantages of abc analysis, Assignment Help, Ask Question on Advantages of abc analysis, Get Answer, Expert's Help, Advantages of abc analysis Discussions

Write discussion on Advantages of abc analysis
Your posts are moderated
Related Questions
need help with a master budget and assumptions for project

Laplace Criterion of Rationality This criterion holds that if decision makers do not know the probabilities of the various states of nature and have no reason to think otherwis


1. Explain the modern control methods with examples. 2. What are the reports produced for performance measurement? Demonstrate.

No further banks were the sole source of funds for working capital requires of the business sector. At current more finance options are obtainable to a Finance Manager to allow smo

where can I get the solution for the question on this link: http://www.expertsmind.com/questions/determine-the-cash-flow-budget-monthly-cash-disbursement-30145416.aspx I have att

Ask question Toll House makes chocolate chip cookies. The cookies pass through three production processes: mixing the cookie dough, baking, and packaging. Toll House uses process c

Project C would involve a current outlay of $50,000 on equipment and $15,000 on working capital. The investment in working capital would be increased to $21,000 at the end of the f

Yuma foods acquire Aldo's tortillas several years ago. Aldo's continued to operate as an independent company, except that Yuma foods has exclusive authority over capital investment

Directing There are number of good plans which are never realized. To realize a plan it requires the initiation and   direction of the number of actions. Often, thes