In the context of abc inventory analysis, which of the following statements is true of class a items? a. they are best managed by automated computer systems. b. they account for a larger percentage of total items than class c items. c. they account for a larger dollar value than class c items. d. they require the least amount of control by operations managers.

c. They account for a larger dollar value than class C items

Explanation:

The ABC inventory analysis is a method of classifying inventory in three main groups: A, B and C, where group A items include items that are most valuable and group C items the least valuable ones.

Conceptually similar to the Pareto principle, this method revolves around the fact businesses should focus on a limited scope of products, services or procedures that bring the most profit in comparison to other products/services.

Since group A items are critical to supply chain success, they require close monitoring by the operations managers and are rarely managed by wholly automated systems.

Like in the Pareto principle, A items usually have 10-20% share in the total item share, while they bring 70-80% of total profit.

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