Which best describes the ABC inventory classification scheme as presented in class?

a) The classification scheme is based on the storage location of each item.

b) “A” items are those with independent demand, “C” items are those with dependent demand, and “B” items can be either.
c) “A” items are those with a deterministic demand, “C” items are those with probabilistic demand, and “B” items are somewhat in between.

d) “A” items are those accounting for a large dollar contribution to total inventory holding costs, “B” and “C” items have much smaller contribution to total inventory holding costs.

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The detailed answer for the above question is provided below The correct answer is d A items are tho... View the full answer