Supply Chain Management Professional (SCMP) · Question
Which analytical tool is used to classify inventory items based on their annual consumption value, prioritizing high-value items?
ABC analysis categorizes inventory into 'A' (high value, low volume), 'B' (medium value, medium volume), and 'C' (low value, high volume) for differentiated con
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Question: Which analytical tool is used to classify inventory items based on their annual consumption value, prioritizing high-value items?
Answer options: ✅ ABC analysis
- Pareto analysis
- SWOT analysis
- Reorder point analysis
Correct answer: ABC analysis
Explanation: ABC analysis categorizes inventory into 'A' (high value, low volume), 'B' (medium value, medium volume), and 'C' (low value, high volume) for differentiated control.
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