ABC method of inventory control involves a system that controls inventory and is used for materials and throughout the distribution management. It is also known as selective inventory control or SIC.Click to see full answer. Also know, what is ABC inventory control?ABC method of inventory control involves a system that controls inventory and is used for materials and throughout the distribution management. It is also known as selective inventory control or SIC.Also, what is the purpose of ABC? ABC Analysis allows inventory/purchasing managers to segregate and manage the overall inventory/suppliers into three major groups. Most organizations can afford a relatively relaxed inventory process surrounding these items. Similarly, it is asked, what is ABC technique? ABC Technique. The ABC analysis is an inventory categorization technique often used in material management wherein accuracy and control decreases from A to C.How is ABC analysis used in inventory management?In materials management, the ABC analysis is an inventory categorization technique. The ABC analysis suggests that inventories of an organization are not of equal value. Thus, the inventory is grouped into three categories (A, B, and C) in order of their estimated importance.
