How to control the inventory of abc products in Anchor Company?

Anchor how to inventory control of abc three categories of products is as follows:

Anchor in addition to the ABC classification method also uses the categorization and hierarchy control method, just-in-time inventory management inventory management methods.

Category A is the inventory with the highest annual monetary volume, these varieties may account for only 15% of the total warehouse inventory, but the inventory costs spent on them account for 70%-80% of the total.

Category B is the inventory with a medium annual monetary volume; these varieties make up 30 percent of all inventory and account for 15-25 percent of the total inventory value.

Categories C are stocks with low annual monetary volumes, which are valued at only 5 percent of the total annual monetary volume, but the variety is 55 percent of the total inventory.

Related information:

Just-in-time inventory management:

Just-in-time inventory management emphasizes "only in the time needed, according to the amount needed, the production of the products needed," with a view to reducing costs by reducing inventory to achieve the goal of profitability, zero inventory is the highest goal of JIT inventory management. The highest goal of JIT inventory management.

Based on the principle of combining the use of funds and management of funds, and combining material management and fund management, each fund is managed by whichever department uses it. The core content of just-in-time inventory management: to realize zero inventory through balanced production.