What is c-type inventory in ABC analysis of control, Business Management

Assignment Help:

What is C-Type Inventory in ABC Analysis of Control?

C-Type Inventory:

Majority of the items (as 60 to 70 percent) constitute merely a minor fraction of the total yearly monetary consumption (as 5 to 15 percent) into inventories. Such items are C-Type items. The control required for such items may not be extremely stringent. Bulk-purchase choices may be helpful as the item cost is less. Thus, lesser number of orders may be placed. Such items may be in the supervision of lower level of management and merely monthly reports or exceptional reports are required by top management.


Related Discussions:- What is c-type inventory in ABC analysis of control

Business communication, You work for an accounting firm. Your supervisor as...

You work for an accounting firm. Your supervisor asks you to write a report on a new photocopier which the accounting firm can purchase. In addition to information about its hardwa

Why is policy advocacy important, QUESTION 1 (a) Distinguish between po...

QUESTION 1 (a) Distinguish between policy analyses and policy advocacy. (b) Why is policy advocacy important? (c) Why is it questionable that policy analysis can ever "so

Identify any one Charismatic leader in an organization, Use the features of...

Use the features of Charismatic Leadership to analyse the man or woman.

Describe transaction processing systems (tps), QUESTION 1 The following...

QUESTION 1 The following are six major types of systems that serve the various organizational needs: Executive Support Systems (ESS) Management Information Systems (MI

M.COM, What are the rationale of transfer of technology? Describe various n...

What are the rationale of transfer of technology? Describe various non-equity forms of technology transfer by TNCs and Small and Medium Enterprises

Managing Customer Relationships, Hello, Please I need help asap. I have $40...

Hello, Please I need help asap. I have $40 for 4 pages assignment. it is just to answer 4 questions and it is due tomorrow midnight. Please let me know asap. Tianna Thank you

Discuss the limits to rational decision-making, Question 1: (a) ‘Decisi...

Question 1: (a) ‘Decisions should be thought of as a means rather than ends. They are manager's responses to problems and the results of a process of thought and deliberati

Stock out cost, Stock out cost means the cost associated with not serv...

Stock out cost means the cost associated with not serving the customers. Stock outs imply shortages. If the stock out is internal ( that is in the production system) it woul

International Business, Based on the article Nearshoring in Latin America,...

Based on the article Nearshoring in Latin America, what are the short- and long-term implications of nearshoring given the current economic conditions?

Spreadsheet to provide a business solution, Gareth's Gardens is a small fir...

Gareth's Gardens is a small firm that specialises in planning and laying new gardens. A particularly popular garden plan consists of a patio and lawn, together with a circular pon

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd