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ABC analysis is an important technique in materials management and is used for classifying the inventory for an organization or even for households.
The classification by ABC analysis helps in focusing on items which are crucial for operations. Items are classified into 3 categories—
ABC Analysis enables the store or inventory managers in an organization to classify and easily manage the inventory or supplies for the organization. The analysis enables managers to take informed and focused decisions regarding procurement, sale, or scrapping of goods.
Organizations save scrapping and make them agile in order as per their need.
Professionals experts in ABC analysis are in great demand in inventory or materials management departments of companies across the globe.
A certificate in ABC Analysis is designed for professionals aspiring to make a career in Material management The certification is suitable for Students, Engineers, store managers, inventory professionals, and material managers. Also, the Certificate in ABC Analysis can be taken by professionals who are looking forward to better opportunities in inventory or store management.
The ABC Analysis Certification exam covers the following topics -
1. Overview of Materials Management
2. Purchasing Procedures
3. Stores Management
4. Inventory Control
5. Inventory Management
6. Stores Management
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