A method of classifying inventory items with categories which are of high value, less costly, and/or low cost items.
- a. used for inventories containing thousands if items
- b. classify inventory by level of control needed
c. "A" items require detailed control, such as high value or critical items that could shut down the company if not available (i.e. caskets)
d. ""B" items are important but require only periodic counts (i.e vaults and embalming fluid)
e. "C" items are those that can be controlled by visual checks (i.e. cosmetics, towels, bathroom tissue, acknowledgement cards)
f. "A" and "B" items should be kept on inventory ledger cards and "C" items simply use a visual check