Question: The A-B-C approach to inventory control is used to classify inventory items into class A, B and C. How are inventory items classified into class

The A-B-C approach to inventory control is used to classify inventory items into class A, B and C. How are inventory items classified into class A, B and C and what strategy do managers use to manage the inventory of these items? What rule forms the basis of A-B-C classification approach? Besides inventory control what are some of the other operations and supply chain management applications of this rule

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