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Describe the ABC inventory system. How is it used to manage inventory? Do you think that it is valid to treat inventory under the Pareto
- Describe the ABC inventory system. How is it used to manage inventory?
- Do you think that it is valid to treat inventory under the Pareto analysis rule (a.k.a. the 80/20 rule)? Provide one real-world example where ABC system would be most applicable.
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