What is a-type inventory in ABC analysis of control, Business Management

Assignment Help:

What is A-Type Inventory in ABC Analysis of Control?

A-Type Inventory:

These are low volume and high value type of inventories. It means that their yearly consumption is extremely less but these are extremely costly items. In spite of needed less into volume, their yearly monetary value is rather high, as such are very costly items. The ABC analysis recommends cautious control of A-Type inventory. Extra periodic review is required.

Involvement of higher level of management is suggested in the review process. A minute reduction into the safety stock and EOQ will basis substantial saving for the organisation. This has been observed that a small percentage of items (as 10 to 20 percent) accounts for main percentage (as 70 to 80 percent) of the total yearly monetary consumption within inventories. Such are termed as A-Type inventories.


Related Discussions:- What is a-type inventory in ABC analysis of control

Marketing Management, Steps involved in designing a channel system, Marketi...

Steps involved in designing a channel system, Marketing Management

Air transport, advantages and disadvantages of air transport

advantages and disadvantages of air transport

Autocratic leadership, Autocratic leadership: The autocratic leadershi...

Autocratic leadership: The autocratic leadership styles authorize nurse manager to make verdict unaccompanied with no participation of others. Managers own entire ability and

Organizational aspects of system life cycles, Problem 1. What do you un...

Problem 1. What do you understand from Organizational Aspects of system Life Cycles? Explanation 2. Create your own definitions of a system. Based on the "system" d

What are the levels of management, What are the levels of management? ...

What are the levels of management? Levels of Management: Industrial management has obtained the given activity levels as follows: • Top Management • Upper middle ma

Discuss the economic impact of globalization, QUESTION The term ‘global...

QUESTION The term ‘globalisation' means integration of economies and societies through cross country flows of information, ideas, technologies, goods, services, capital, financ

What is management, QUESTION (a) What is management? Use your own words...

QUESTION (a) What is management? Use your own words to define the concept Discuss the various functions which constitute the process of management (b) Describe the skills

Contemporary Management, I''m kindly asking to make an assignment against "...

I''m kindly asking to make an assignment against "Contemporary Management Issues" in maximum words of 2,500 words as per the attachment. kindly try to finish them as soon as possib

CASELET, Do you agree with the view such abusive happenings on the telephon...

Do you agree with the view such abusive happenings on the telephone do not have any impact on business?

Mrp, what are the factors affecting the calculations of material requiremen...

what are the factors affecting the calculations of material requirement planning ?

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd