Explain the basic concept of ABC analysis.
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (3 reviews)
ABC classifies the inventory items according to their impo...View the full answer
Answered By
Akshay Agarwal
I am a Post-Graduate with a specialization in Finance. I have been working in the Consulting industry for the past 8 years with a focus on the Corporate and Investment Banking domain. Additionally, I have been involved in supporting student across the globe in their academic assignments and always strive to provide high quality support in a timely manner. My notable achievements in the academic field includes serving more than 10,000 clients across geographies on various courses including Accountancy, Finance, Management among other subjects. I always strive to serve my clients in the best possible way ensuring high quality and well explained solutions, which ensures high grades for the students along-with ensuring complete understanding of the subject matter for them. Further, I also believe in making myself available to the students for any follow-ups and ensures complete support and cooperation throughout the project cycle. My passion in the academic field coupled with my educational qualification and industry experience has proved to be instrumental in my success and has helped me stand out of the rest. Looking forward to have a fruitful experience and a cordial working relationship.
5.00+
179+ Reviews
294+ Question Solved
Related Book For
Question Posted:
Students also viewed these Management Leadership questions
-
Explain the basic concept underlying consolidated statements.
-
Explain the basic concept underlying all turnover ratios. Why is it advisable in computing a turnover ratio to use an average in the denominator (for example, average inventory)?
-
The basic concept of substance over form influences lease accounting. Explain.
-
Lets assume you have been offered a job by Jekyll Corporation, a company in the consumer products industry. The job is in your chosen career path. Jekyll Corporation has offered you a position that...
-
Write the following quadratic forms on M2 as a sum of squares. Which are positive definite? (a) x2 8xy + y2 (b) x2 - 4xy + 7y2 (c) x2 - 2x y - y2 (d) x2 + 6x y
-
Show that the limiting value of duration as maturity is increased to infinity is \[D ightarrow \frac{1+(\lambda / m)}{\lambda}\] For the bonds in Table 3.6 (where $\lambda=.05$ and $m=2$ ) we obtain...
-
Explain induced drag and how the pilot changes it during flight.
-
Suppose that KraftyCity has to pay $50 per workbench for orders under 200 but only $42 per workbench for or ders of 201 or more. Using the information provided in problem 7, what order quantity...
-
1) Leadership and management are very important vital components to an effective functioning organization so that people in the organization are inspired, managed and guided towards a common vision....
-
The financial statements of Columbia Sportswear Company are presented in Appendix B. Financial statements of Under Armour, Inc. are presented in Appendix C. Instructions a. Based on the information...
-
Describe the type of products that require a single-period model.
-
Explain the concept of perpetual review.
-
Each quadratic function has the form y = ax 2 + bx + c. Identify a, b, and c. y = 1 - x 2
-
Select a dataset with a variable you would like to forecast. You may use a different source other than the ones listed above (be sure to reference the website). State the variable you are...
-
You own property in Italy which is a member of the European Monetary System. The property is worth 570 million Euro today M a y 1 0 , 2023. The property generates annual rents of 85 million Euros...
-
Note the two main functions of packaging within supply chain management. Identify these two functions of packaging and how they impact the supply chain. Also, be sure to address the importance of...
-
Where did they get 8550 for patient days?? patients x days in month 95 x 30=2,850 not 8550. Monthly Food Cost Number of Patients Days in the month Patient Days PPD $16,356.00 95 30
-
1) Write a class called Room, which has three private instance variables: a) a double width, representing the width of the room in feet, b) a double length, representing the length of the room in...
-
If a policymaker wants to raise revenue by taxing goods while minimizing the deadweight losses, he should look for goods with _________ elasticities of demand and _________ elasticities of supply. a....
-
A manufacturer can sell product 1 at a profit of $20 per unit and product 2 at a profit of $40 per unit. Three units of raw material are needed to manufacture one unit of product 1, and six units of...
-
How may event studies be used to assess whether mergers have been advantageous?
-
Maryville has built a new elementary school so that the town now has a total of four schoolsAddison, Beeks, Canfield, and Daley. Each has a capacity of 400 students. The school wants to assign...
-
In Problem S11-17, the school board has determined that it does not want any of the schools to be overly crowded compared with the other schools. It would like to assign students from each district...
-
In Problem S11-17, the school board has determined that it does not want any of the schools to be overly crowded compared with the other schools. It would like to assign students from each district...
-
Three metal fishing weights, each with a mass of 1.00102 g and at a temperature of 100.0C, are placed in 1.00102 g of water at 35.0C. The final temperature of the mixture is 45.0C. What is the...
-
A useful quantitative model for the grinding of lenses with known focal lengths is the lens-makers' equation: nlens environment 1) (1/4-1/2), where f is the focal length of the lens, the two index of...
-
A student throws a set of keys vertically upward to her sorority sister, who is in a window 3.20 m above. The second student catches the keys 2.80 s later. (a) with what initial velocity were the...
Study smarter with the SolutionInn App