Question: Describe the A-B-C inventory categorization process, and how a company might use this for inventory management purposes. What are the building blocks of Lean
Describe the A-B-C inventory categorization process, and how a company might use this for inventory management purposes. What are the building blocks of Lean systems and how do they support the main goal (state this, too) of these systems? What is the bullwhip effect and why might it occur? What steps can overcome or minimize the risk of this occurring?
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1 ABC Inventory Categorization Process The ABC inventory categorization process is a method used by companies to classify their inventory items based on their value and importance The categorization i... View full answer
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