Question
ABC Analysis
Answer :
Word Count : 276
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ABC Analysis is a selective inventory control technique used in maintenance management to classify spare parts and materials according to their annual consumption value. It is based on the Pareto principle, which states that a small percentage of inventory items accounts for a large percentage of the total inventory value. This method helps maintenance managers focus their attention and resources on the most critical inventory items. Category A consists of a small number of items, usually about 10–20% of the total inventory, but these account for nearly 70–80%
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