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With respect to ABC classification, which of these statements is true?

Select one:

a. Class A items are low value items

b. Class A items are high value items

c. Class C items are moderate value items

d. Class B items are high value items

Inventory Management
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Question added by Wasi Rahman Sheikh , WAREHOUSE SUPERVISOR , AL MUTLAQ FURNITURE MFG
Date Posted: 2015/02/04
Upvote (3) Views (6) Followers (6) Answers (4) Report Question
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Wasi Rahman Sheikh
by Wasi Rahman Sheikh , WAREHOUSE SUPERVISOR , AL MUTLAQ FURNITURE MFG

Good answer and thanks for answer

Mir Mujtaba Ali
by Mir Mujtaba Ali , Internal Audit Manager , Confidential

b. Class A items are high value items

ABC classification of inventory is based on pareto principle. High value items and ensure tight control in terms of process control, physical security as well as audit frequency.

 

Mohammed Fathe Shaheem
by Mohammed Fathe Shaheem , Operation Executive , Arabian Construction Company

Answer is b As in my view abc classification in inventory Depends on cumulative total And number of items And in classification A It gives high value

Santosh Ramkumar
by Santosh Ramkumar , Senior Business Analyst , JDA Software Private Ltd.

Answer is b.Class A items are high value items

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