Transcription of ABC Classification for Inventory Optimization - …
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ABC Classification for Inventory Optimization - …
IOSR Journal of Business and Management (IOSR-JBM) e-ISSN: 2278-487X, p-ISSN: 2319-7668. Volume 15, Issue 1 (Nov. - Dec. 2013), PP 38-41 38 | Page ABC Classification for Inventory Optimization Dinesh Dhoka1, Choudary2 1(Research Scholar, SRM University, Chennai, India) 2(Asst. Professor, Research Guide, Commerce, Govt. Arts College for Men, Chennai India) Abstract : Inventory Classification is very important to manage Inventory efficiently. Popular concept - Importance and Exception (CIE) is employed to ensure that efficiency is maximized with least effort .For Inventory Optimization and Inventory Forecasting, products need to be classified appropriately. There are several methods used for categorization of products and items in Inventory . Most common Classification used is the Pareto Analysis.
Abc Classification For Inventory Optimization www.iosrjournals.org 39 | Page and proportionally As, Bs and Cs also increase.
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