ABC Method

ABC Method

A way to manage a company's inventory by categorizing the importance of the items in it. The items with the highest value are given the highest priority and therefore receive the most attention. This is a common method for managing inventory.
References in periodicals archive ?
Contract notice: provision of a software application supporting the calculation of the cost according to the abc method.
Udpa (11) states, that the most of the early applications of the ABC method in healthcare organizations focus on a narrow application of the method to a department in the healthcare organization.
5) Description ABC Method Product [alpha] [beta] [gamma] Direct Materials 4 6.
Some say, "I had a client using XYZ method in 2009, and they earned over 20 percent, but my clients using ABC method were lucky to get zero.
This manuscript is, therefore, very timely as it describes a novel place-based approach, the ABC method, and more critically, describes its implementation through a diverse range of case studies.
Realizing the above, we attempted to use the onion/doughnut method and the ABC method for the analysis of the Tuobodom conflict of 2010.
ACCOUNTING THE COST OF QUALITY BASIS OF THE ABC METHOD
The findings of this study support the ABC method being a useful tool in controlling cost at a sawmill and a cost structure of a sawmill having an effect on the logistic chain of timber procurement.
4-HNE staining was performed with anti-4-hydroxy-2-nonenal monoclonal antibody (Institute of Senescence Control of Japan, 723-1, Haruoka, Fukuroi-shi, Shizuoka, JAPAN) by the ABC method (Vector Laboratories, Burlingane CA, USA).
The accompanying table labeled "Inventory Reduction Examples" shows how the ABC method can drastically reduce the amount of cash tied up in inventory.
of Toledo, US), who use this collection 20 papers to promote what they call the ABC method for the study of places, which aims to link geology and earth sciences (Abiotic); plant and animal communities (Biotic); and land use, institutions, and other human factors (Cultural) for systematic and comprehensive understanding of places.