The ABC Inventory Matrix Shows an ABC Inventory Classification Based

question 38

True/False

The ABC inventory matrix shows an ABC inventory classification based on annual usage on the vertical axis and an ABC inventory classification based on physical inventory on the horizontal axis.

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Definitions:

Waterways

Natural or man-made channels like rivers, canals, and seas used for transportation and travel.

Distribution System

The network or infrastructure that allows for the delivery of products and services from producers to end consumers, including logistics, warehouses, and retail outlets.

Shipping Cost

This term refers to the expense associated with the logistics of transporting goods from the seller to the buyer.

Just-In-Time Practices

Manufacturing and inventory strategy where materials and products are produced or acquired only as needed for use, reducing waste and inefficiencies.