ABC Classification

ABC Classification

Classification of a group of items in decreasing order of annual dollar volume or other criteria. This array is then split into three classes called A, B, and C. The A group represents 10 to 20% by number of items, and 50 to 70% by projected dollar volume. The next grouping, B, represents about 20% of the items and 20% of the dollare volume. The C-class contains 60 to 70% of the items, and represents about 10 to 30% of the dollar volume.

This is auto-generated content. You can help to improve it.

0 0

Improve it

Add an image

Part of Speech: proper noun
Synonym(s):
Blossary:
Industry/Domain: Economy
Category: Economics
Company:
Product:
Acronym-Abbreviation:

Collect to Blossary

Other Languages:

Related terms

Classification

Telecommunications; General telecom

1. A marking applied to information, indicating the estimated damage to the national interest that would be caused by its unauthorized disclosure, and used to determine the ...

ABC

Automotive; Automobile

Automatic beam control.

ABC

Sports; Bowling

Stands for the American Bowling Congress. This is the organization for tenpin bowling that is the official rule making for the sport. The organization has members in the United ...

ABC

Entertainment; Video

Television network financially supporting development of ACTV and pioneering the use of digital video transmission.

immaterial economy

Economy; Economics

An economy in which traditional investment in areas such as natural resources, equipment and infrastructures lags behind immaterial items such as training and research and ...

digital economy

Economy; Economics

The digital economy represents the persuasive use of IT (hardware, software, applications and telecommunications) in all aspects of the economy, including internal operations of ...

knowledge management

Economy; Economics

Management of the intellectual product that is generated by associating relationships among items of data and information in a given field. Source: Termium plus. Sub verbis ...

internet economy

Economy; Economics

A business environment created by networks of enterprises conducting e-commerce. (The "I" in "internet is normally spelled with a capital "I") Source: Samarajiva, Rohan. “How the ...

circular economy

Economy; Economics

The discipline which focuses on the design, development, operation, renewal and decommissioning of industrial facilities as ecological systems, with an emphasis on the ...

economic intelligence

Economy; Economics

The techniques for extracting essential information from a large volume of data and presenting it in an easy-to-understand form, hiding all complexity, making it suitable for ...