Glossary
ABC Inventory Control
Tags: Glossary
A method of inventory control which divides items into categories based on value of usage. Items are typically divided by a company defined set of values into “A”,“B” and “C” groups, and sometimes even a “D” group. The count frequencies are then applied to the groups. For example “A” class items may be counted weekly, “B” monthly, “C” quarterly, etc. as a part of a cycle counting program.