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Prioritising items for management attention has been advocated in operations management for a long time, normally using ABC analysis (inventory control). This focuses attention on the “A” category items to maximise managerial effectiveness. Empirical evidence shows that this is a reasonable...
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ABC analysis is used to sort inventory into categories which determine how much attention they will be given. But it is of wider management application and can be extended to cope with more than one classification criterion.
Persistent link: https://www.econbiz.de/10014934743