ABC Classification of Materials Is Most Often Done in Terms

question 109

True/False

ABC classification of materials is most often done in terms of annual dollar volume.This identifies the most important SKUs as A-class.Increasing numbers of organizations try to prepare for shortage situations by overstocking the C-class of items.

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Definitions:

There's

Contraction for "there is," used to indicate the existence of something.

She'll

Contraction of "she will" or "she shall," used to indicate future action.

77-Inch-Long

A measurement indicating something is seventy-seven inches in length.

Blade

A thin, typically flat and sharp-edged piece of metal used as a tool or weapon.