Inventory Management: ABC Classification

[@Dataciiiiiiiii]

Sir i have taken this lesson but i didnt understand bcs of being different major.Hope i ll understand thanks to you❤

[@The_Business_Doctor]

Glad to help!

[@raynenoel3723]

Thank you so much for this video! I am just understanding this fully after watching a million videos. THANK YOU!

[@The_Business_Doctor]

You are so welcome and thanks for the kind feedback!

[@eng.osamasameeh7512]

Thank you very much

[@mertmert324]

Thank you! Its simplier than I just thought

[@The_Business_Doctor]

You're welcome!

[@Storenfradanmark]

Well done and easy explained, thanks

[@The_Business_Doctor]

Glad you liked it

[@adjidharma1973]

Thank you! very helpful

[@The_Business_Doctor]

Thanks Adji! I'm glad you found it helpful.

[@BrandonKellyYT]

thank you for this!!

[@The_Business_Doctor]

You're very welcome!

[@muhammadharisshah4889]

thank you so much

[@The_Business_Doctor]

You’re welcome!

[@omarmagdi2649]

Thank you

[@The_Business_Doctor]

You're welcome, Omar!

[@certified_vg2200]

does the A classification always have to be 2 and b = 3 and c = 5 ?

[@The_Business_Doctor]

Hi there,
No, the number in each classification depends on how many products there are . This example has only 10, but if there are 10,000 or 100,000 the number will change. Also it depends on the demand and costs involved. This example could have had 1 A, 5 B and 4 C. There is no fixed breakdown.
Hope this helps.
Mark

[@mahmoudabdallah9235]

what is the textbook name ?

[@The_Business_Doctor]

Operations Management: Sustainability and Supply Chain Management, Third Canadian Edition by Heizer, Render, Munson, and Griffin ISBN 978-0-13-483807-6

[@donaldbiden636]

i regret choosing degree in business management

[@The_Business_Doctor]

I don't blame you!

[@donaldbiden636]

@@The_Business_Doctor thx for the vid though

[@The_Business_Doctor]

@@donaldbiden636 You're very welcome.