ABC ANALYSIS IN INVENTORY MANAGEMENT

In materials management, the ABC analysis (or Selective Inventory Control) is an inventory categorization technique. ABC analysis divides an inventory into three categories-"A items" with very tight control and accurate records, "B items" with less tightly controlled and good records, and "C items" with the simplest controls possible and minimal records.
The ABC analysis provides a mechanism for identifying items that will have a significant impact on overall inventory cost,[1] while also providing a mechanism for identifying different categories of stock that will require different management and controls.
The ABC analysis suggests that inventories of an organization are not of equal value.[2] Thus, the inventory is grouped into three categories (A, B, and C) in order of their estimated importance.
'A' items are very important for an organization. Because of the high value of these 'A' items, frequent value analysis is required. In addition to that, an organization needs to choose an appropriate order pattern (e.g. 'just-in-time') to avoid excess capacity. 'B' items are important, but of course less important than 'A' items and more important than 'C' items. Therefore, 'B' items are intergroup items. 'C' items are marginally important.
#abcanalysis #CTM #VNIT

[@bluesapphire7548]

This is the best concise explanation. And I have seen lots of videos and read many articles. Good job!

[@suddude7481]

Best explanation I have seen in last 20 years. Please share more videos.

[@billnotice9957]

Great Job! As a simple guy attempting to pass a test, I know better now then flashcards and reading 6 chapters,

[@SagarMakhija]

You are Amazing 👏
Explained very briefly and clearly.

[@Userbee95]

This is the best explanation so far in RUclips Thankyou very much 😊

[@fonezonepudukkottai]

Thanks .. I wanna easily prepare my exam using this explanation

[@winola5156]

Short but super clear explanation!

[@umaidyousuf4065]

Seedhi baat, no bakwaas. 👍🏻👍🏻👍🏻

[@rukia3526]

Thank you, this was very helpful.

[@janesoflynn211]

love this explanation, thank you

[@suzannej5173]

Love this, thank you.

[@Khushi.dilsediltak]

Why don't u make more vedios on finance....u teach well and in simple words😊

[@subashsahu8925]

Concept cleared...👌👌

[@yashrawat3570]

Keep up the good work !

[@praneshg1300]

Thank you Sachin , well explained bro❤

[@fudailriyaz]

Explanation was Awesome,.

[@syedrashidali3034]

thank you for the sharing in easy way.

[@tasinal-hassan8268]

Thank you, that was helpful!

[@farhanaz290]

Thanks for the video 🤩

[@earlydays2022]

Clear,easy and smart explanation.. thank you !!😊

[@nuwanthikawickramasingha2280]

Thank you very much...👍👍👍

[@lalithaseva976]

Simply superb

[@sovonkumarkar7874]

Thanks, it helped!

[@suchitasariyal8225]

Neatly explained..

[@sheni.]

Very clear, helpful

[@OppirompaMiDotCom]

Thank you for an excellent video tutorial, but I have one question:
Why 10/20/70?

[@chandanav.hchandanav.h1910]

Very requisite...
Thank you sir

[@srfam2831]

Thank you amigo😇

[@akshitarawat6050]

🎉 thank you

[@pavansaikumarsamudrapu6357]

Thank you very much brother

[@tushiyakey9677]

THANK YOU

[@gharamas2346]

Thank you!

[@vishakhapawar3902]

Nice short info

[@prof.vijaybhendwade2622]

Good Explanation..

[@chetansharma3953]

Thanks 😁

[@abhishekgautam1168]

Nice explanation.

[@seankavanagh7559]

What kind of a graph are you using in 2:03?

[@yourlove637]

Bro do more videos ur explained very good

[@aditie5295]

Well explained!!

[@ZENKizura]

king of the world

[@manojkaturde1222]

Tysm sir😘🙏

[@princekatiyarptm]

What items can be class A and class b in automobile industty?

[@anjalibhatt9168]

Thank you sir

[@Chaithzx]

superb

[@sadmansakibjhalak6719]

Clear explanation

[@jyotsnatyagi3836]

Bhyii everything is ok aapke is channel pe 3 vedios vo 3ino hi alg alg domain ki hain ek education ek trip aur jismain ki ye inventory vali vedio m bhi aacha smjh aaya whyy sooo???? 😂

[@kohinooryadav802]

salute brother

[@zafruddinkhan1800]

Thnk uh sir😊

[@24-b-sumitpatil33]

Thanku

[@abhishekgautam1168]

Pls make videos on other topics also.

[@abhisheksergei5513]

Gracias.😝

[@user-dt6rn3ud5z]

👍🏾

[@sashikaudaini3477]

great

[@aharisankarsubudhi1514]

🙏🏻

[@zafruddinkhan1800]

Pllz make a video on EOQ inventory management

[@sachin9557]

This video was my assignment topic while studying at NIT, Nagpur.
Once I get confident with EOQ, I'll surely make one.

[@ashwinbarla777]

👍🏼🙌🏽🙏🏽

[@arajm5y]

Wow,Why you stopped making vedios.....start again

[@user-lw7bm5ih4q]

A topic in WOLC.

[@nayanpardeshi5955]

Adidos amigos 😂

[@aeronareasalig6243]

just wanted to ask how to know the percentage value of each categories ?

[@sachin9557]

These percentage depends on situation and inventory at hand. Here the percentage used are just for understanding the topic and are not constant for every situation. The point I am trying to make is that (ex: category A) will be less in number but their cost(value) will be very high.
Hope that clears something.

[@aeronareasalig6243]

@@sachin9557 noted sir. thank you so much. this helped me a lot.

[@tusarRD69]

Gracias señor 🥰😇

[@brightnajuna9757]

my Name is Bright Makerere university Kampala Uganda i thought Class A COINTAINS 20% of the total inventory items and 80%of the total inventory value and class B contains 30% of the total inventory items and 15%of the total inventory value then lastly class C contains 505OF THE TOAL INVENTORY ITEMS AND 5% OF THE TOTAL INVENTORY VALUE

[@ravinadeshmukh8796]

ABC analysis ke advantaged batao

[@joeyripcho6424]

you think that's his real hand?

[@zafruddinkhan1800]

Bss ek hi video 🤔.

[@kiranjadhav4206]

your sound is not audible bro

[@raghavrahul9897]

Hindi me bologe too channel jaldi grow karega

[@begumlaracetinkaya1227]

kategre

[@namemekyarkhah1912]

hasťa mañana

[@moviestime2115]

Sir aapka number mil sakta hai ya details

[@GovindBhui]

Good but VERY boring explanation. Almost slept in the between

[@amanmohapatra7743]

Brother samjhao sirf likho mat