ABC Analysis
About ABC Analysis
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—
Why is Certification in ABC Analysis important?
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.
Who should take the ABC Analysis Exam?
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.
ABC Analysis Course Outline
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