Exam (elaborations)
APICS CPIM Exam 1 2023 WITH QUALITY ANSWERS
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ABC classification Process of classifying items in descending order based on annual dollar volume or some other criteria. The list is then split into 3 classes - A, B, and C. A represents 10-20% of items but 50-70% of dollar volume; B represents 20% of items and 20% of dollar volume; C represents ...
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