Will Bacon, advanced delivery program manager at Trelleborg Sealing Solutions, answers questions on how specialized delivery services can enhance customers’ businesses by better managing inventoried items.
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What is ABC inventory management?
ABC analysis, or selective inventory control, is a business term used to define an inventory categorization technique used in materials management. It provides a mechanism for identifying items that will have a significant impact on overall inventory cost, while also providing a mechanism for identifying different categories of stock that will require different management and controls.
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