Submitted to: In accounting, materiality is defined as a situation where the omission or inclusion of an […] Complications of Processes With the growth and development of industry and business, the complications in the processes of manufacturing or … Advantages of ABC Analysis
Helps to exercise selective control
Gives rewarding results quickly
Helps to point out obsolete stocks easily.
CONTROL : Stocking a better mix of the right inventory allows a company to control over-supply and under-supply of important SKUs.
COST : Once a company has determined which items fall into each ABC category it can establish cost-reduction initiatives at the SKU level.
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