Question: What are the benefits of classifying inventory using ABC analysis
What are the benefits of classifying inventory using ABC analysis? What are the different types of criteria that could be used to classify inventory?
Answer to relevant QuestionsWhat is the underlying principle of the square-root rule? How do inventories change as the number of warehouses in a logistics network changes? How does inventory carrying cost for inventory in transit differ from the cost of inventory at rest? Discuss the primary considerations and issues that must be factored into modal and carrier selection. Contract warehousing use is popular among many large manufacturers. Why would a company such as Proctor & Gamble, which produces a wide variety of consumer goods, move toward this form of distribution? What is the difference between a regional/national location decision, and in what ways do the determinants of each differ?
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