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 ?
A new noninvasive population screening process combining the assay of anti-Helicobacter pylori antibody and serum pepsinogen (PG) (ABC method) is adopted to recognize the high-risk patients for further endoscopy examination, avoiding the unnecessary gastroscopy for most population and saving the cost consumption for mass screening annually.
(3) If appropriate metrics are identified, the ABC method provides insight about whether services provide enough value to customers.
"That's probably why they used this so-called ABC method, so they could get the span over the roadway in one operation, because if you do it incrementally, you have to interrupt traffic."
Our previous simple ABC method for estimating the skull flap volume is the product of the estimated surface area and bone thickness.
Contract award notice: Acquisition of a computer application supporting the costing method according to the abc method
He presents a history of studies and presents what he terms the ABC method for analyzing behavior in stressful situations.
This study investigates the education sector's potential in adapting to the ABC method to improve cost management.
On the other hand, although the maximum overshoots of the ABC method are not the best values for all the processes, these are quite satisfactory values when considering the long settling times of the other methods.
Benefit of the ABC method is obvious from the evident Table 5.
Gonzalez-Gomez and Morini (2006) proposed an adapted ABC model for cost estimation of winemaking and showed that the information provided by ABC method would assist the winery managers in improving their business competitiveness.
In the same context, ABC method can accurately reveal the true customer costs which will supply companies to scrutinize the profitability of customer market fragments (Krakhmal, 2008).
I use a simple ABC method of prioritizing--A items are MUST ao, B items are SHOULD do, and C items are CAN do.