Describe ABC Inventory Analysis in One Sentence

question 17

Essay

Describe ABC inventory analysis in one sentence. What are some policies that may be based upon the results of an ABC analysis?

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Definitions:

Observational Methods

Research techniques that involve watching participants in natural or contrived situations to gather data about their behavior.

Observer Drift

A phenomenon in which there are gradual changes in the way an observer measures or perceives phenomena over time, leading to inconsistencies.

Reactivity

The change in behaviour often seen when people know they are being observed or filmed. One of the difficulties inherent in in vivo observation and analogue observational settings.