Inventory planning and control Question:
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Under the ABC system of inventory priorities a Class A item is?

Answer:

1. The 80% of high-value items that account for around 20% the total stock value
2. The 20% of high-value items that account for around 20% the total stock value
3. The 20% of high-value items that account for around 80% the total stock value
4. The 80% of high-value items that account for around 80% the total stock value

The 20% of high-value items that account for around 80% the total stock value

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What is a two-bin system?Order-point or re-order-level inventory control is used for which of the following?