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ABC Analysis
 
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Views: 166170 CARAJACLASSES
Inventory ABC Analysis
 
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Views: 139501 Cary Countryman
ABC Analysis
 
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Describe ABC analysis. ABC analysis is an inventory control technique derived from Pareto principle. As per this an business unit analyzes its inventory and classifies them into three categories. The categorization is not a standard one and varies from one company to the other. From the perspective of inventory it refers to arriving at relative ratio of the quantity of stock and monetary value of the purchased/consumed stock. A – Items that need to be tightly controlled and are of outstanding importance. It closely monitor the stock and maintenance the inventory based on the future demand estimates, to ensure that the inventory never runs out and at the same time ensure that the order is not too much so as to cause the inventory obsolete. class A items account for 10 to 20% of the items and contribute 70 to 80% of the consumption of items. B – Items whose stock need to be monitored closely. As these items are of average importance, the company orders them less often. class B items account for 15 to 25% of the items and contribute 10 to 20% of the consumption of items. C – Least expensive items and are of relatively low importance. These items are ordered in bulk loosely controlled. However, the monitoring strategy is in such a way that the company never run out of stock of these items. class C items account for 65 to 75% of the items and contribute 5 to 10% of the consumption of items. Additional content on this topic can be found at http://www.eduxir.com/curriculum/cbse/class-xii/entrepreneurship/business-arithmetic/
Views: 4293 Eduxir
ABC ANALYSIS | INVENTORY CONTROL
 
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ABC analysis is an inventory categorization method which consists in dividing items into three categories (A, B, C): A being the most valuable items, C being the least valuable ones. This method aims to draw managers’ attention on the critical few (A-items) not on the trivial many (C-items). The ABC approach states that a company should rate items from A to C, basing its ratings on the following rules: A-items are goods which annual consumption value is the highest; the top 70% of the annual consumption value of the company typically accounts for only 10% of total inventory items. B-items are the interclass items, with a medium consumption value; those 20% of annual consumption value typically accounts for 20% of total inventory items. C-items are, on the contrary, items with the lowest consumption value; the lower 10% of the annual consumption value typically accounts for 70% of total inventory items.
Views: 46872 MECHANICAL TECH HINDI
Inventory ABC Analysis Explained Part 3 - An Example of ABC Analysis
 
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Part 3 of ABC analysis video tutorial www.myprofknows.com (coming soon)
Views: 9953 Jae Kim
ABC Analysis
 
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https://aamazon.wooplr.com/s/aamazon?ref=cp.m.i.m ABC Analysis https://youtu.be/yGFs_JCD7Vw ABC analysis categories In materials management, the ABC analysis (or Selective Inventory Control) is an inventory categorization technique. ABC analysis divides an inventory into three categories- "A items" with very tight control and accurate records, "B items" with less tightly controlled and good records, and "C items" with the simplest controls possible and minimal records. The ABC analysis provides a mechanism for identifying items that will have a significant impact on overall inventory cost,[1] while also providing a mechanism for identifying different categories of stock that will require different management and controls. The ABC analysis suggests that inventories of an organization are not of equal value. [2] Thus, the inventory is grouped into three categories (A, B, and C) in order of their estimated importance. 'A' items are very important for an organization. Because of the high value of these 'A' items, frequent value analysis is required. In addition to that, an organization needs to choose an appropriate order pattern (e.g. ‘Just- in- time’) to avoid excess capacity. 'B' items are important, but of course less important than 'A' items and more important than 'C' items. Therefore, 'B' items are intergroup items. 'C' items are marginally important. There are no fixed threshold for each class, different proportion can be applied based on objective and criteria. ABC Analysis is similar to the Pareto principle in that the 'A' items will typically account for a large proportion of the overall value but a small percentage of the number of items.[3] Examples of ABC class are ‘A’ items – 20% of the items accounts for 70% of the annual consumption value of the items. ‘B’ items - 30% of the items accounts for 25% of the annual consumption value of the items. ‘C’ items - 50% of the items accounts for 5% of the annual consumption value of the items. Another recommended breakdown of ABC classes:[4] "A" approximately 10% of items or 66.6% of value "B" approximately 20% of items or 23.3% of value "C" approximately 70% of items or 10.1% of value ABC analysis (or Selective Inventory Control) is an inventory categorization technique. ABC analysis divides an inventory into three categories- "A items" with very tight control and accurate records, "B items" with less tightly controlled and good records, and "C items" with the simplest controls possible and minimal records. Sikkim Gangtok In the month of MAY 2016 Sanju | Official Teaser | Ranbir Kapoor | Rajkumar Hirani
Views: 21584 SOUMYA RANJAN MEHER
L16 | Material Costing | ABC Analysis
 
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Views: 21142 CA Yogesh Verma
ABC Analysis
 
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Inventory Stratification
Views: 6131 Ismail Capar
Professional Stock Trading Course Lesson 1 of 10  by Adam Khoo
 
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If you want to learn how to trade stocks profitably, even if you are a complete beginner, The Professional Stock Trading Course by Adam Khoo is designed to give you all the tools and strategies to trade stocks confidently and profitably. The Professional Stock Trading Course is available for enrolment at http://bit.ly/2H5ZoHF Stock investment & trading insights by Adam Khoo shows you profitable trading and investment opportunities in today's stock markets. These are essential strategies for stock traders and investors who want to improve their investment and trading performance. Adam Khoo is a professional stocks and forex trading and the best-selling author of 'Winning the Game of Stocks" and "Profit from the Panic". Thousands of students have profited from his sharp investment insights into the world of stock investing and trading. Helpful links Learn about wealth academy live seminars at http://bit.ly/2IXKlw7 Learn about our Online Professional Trading Courses at http://bit.ly/2H5ZoHF Visit Adam Khoo Learning Technologies Group at http://bit.ly/2ERGduY Facebook https://facebook.com/adamkhoosuccess
Views: 358284 Adam Khoo
Méthode ABC sur Excel : Exemple avec 500 produits
 
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Tutoriel : Méthode ABC sur Excel et courbe de Pareto Dans cette vidéo, je vous présente une introduction à la classification ABC et au principe de Pareto. Ce qu’il faut retenir du principe de Pareto c’est que 20% de nos actions apportent 80% de nos résultats. Dans notre cas, 20% de nos produits représentent 80% de nos ventes. Une des erreurs classiques est de se concentrer non pas sur ces 20% mais sur les 80% restants qui ne représentent que 20% de notre business. ►TÉLÉCHARGER EXCEL METHODE ABC http://abc-supplychain.com/telecharger-excel-methode-abc/ ►AUDIT SUPPLY CHAIN GRATUIT : https://abc-supplychain.com/audit-supply-chain-gestion-de-stock-gratuit/ ►FORMATION COMPLÈTE GESTION DU TEMPS / COMMENT GAGNER 2 HEURES PAR JOUR : http://abc-supplychain.com/formation-gestion-du-temps-methode-abc/ ►PDF OFFERT : 10 SOLUTIONS POUR OPTIMISER VOTRE STOCK http://abc-supplychain.com/telecharger-pdf-10-actions-reduire-son-stock/ --------------------------------------------------------------------------------------------- Voici comment mettre en place rapidement un méthode ABC sur Excel pour optimiser votre gestion de stock. ETAPES : 1) Principe de Pareto 20/80 2) Comment préparer vos données sur Excel, 3) Comment mettre en place la classification ABC automatique sur Excel 4) Comment vous focaliser sur le plus important --------------------------------------------------------------------------------------------- ►http://abc-supplychain.com
Views: 7737 ABC SupplyChain
Inventory Management ABC Analysis | How to calculate ABC?
 
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ABC analysis is very effective to categorize spare parts & Separate out products that require a lot of attention from those that don’t. ABC Analysis is helpful to keep proper inventory. Here, you can see the way of calculating ABC product by using IF and nested if function. Click to see more about Inventory Management https://www.linkedin.com/pulse/spare-parts-inventory-management-habibur-rahman-habib/
Views: 38 Tutorial Palace
How to classify inventory as A-B-C using Excel
 
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A-B-C classification of inventory using Excel
Views: 34450 David Johnk
ABC Inventory
 
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Google Spreadsheet
Views: 18815 Rob Perhamus
ABC analysis (ABC) شــرح
 
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شرح لشباتر 7 لمادة:B202B 7mo0 Twitter: @MohALshahri instagram: @MohALshahri SaMoOoT Twitter: @SaMoOoT الجامعة العربية المفتوحة-المملكة العربية السعودية-الدمام
Views: 10134 Mohammed ALshahri
ABC Analysis - an inventory analysis method
 
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Short presentation on ABC analysis which is an inventory control tool. For further info and a how to guide for ABC analysis - visit http://www.hampreston.com/general/how-to-carry-out-an-abc-inventory-analysis/
Views: 29033 hampreston
Lecture 11-2 ABC Analysis Problem 2
 
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Table of Contents: 00:00 - ABC Analysis & Pareto Principle
Views: 6019 Mark Yang
ABC analysis
 
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The ABC Analysis is a business term used to define an inventory categorization technique often used in materials management. It is also known as Selective Inventory Control. Policies based on ABC analysis: This video is targeted to blind users. Attribution: Article text available under CC-BY-SA Creative Commons image source in video
Views: 1826 Audiopedia
ABC Analysis in Inventory Management
 
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This vlog explain how to do ABC Analysis in Inventory Management. I have used Value, Volume and Frequency factors to come up with this logic. Disciplined management of ABC inventory analysis is critical to ensure optimum customer service & inventory. This vlog introduces free tool as well :)
Views: 6198 SCMDOJO
Shortcut Method - Inventory Control Models | ABC Analysis - [GATE/IES]
 
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In this video the complete inventory control topic is explained in a very easy manner with all formulas. Topics covered - Model-1 Basic model without shortages Model-2 Continous replenishment & consumption model Model-3 Shortage model Economic order quantity Total Inventory cost Total Annual cost No. of orders Time interval Reorder point Maximum inventory level ABC Analysis XYZ Analysis HML Analysis SDE Analysis VDE Analysis Previous years all GATE questions Previous years all IES questions. Checkout the complete Playlist of Shortcut Methods:- https://www.youtube.com/playlist?list=PLER7OpT_XkD9Nodn0CWOFha-cKy6F708T Checkout the Gate Tuturials Playlist:- https://www.youtube.com/playlist?list=PLER7OpT_XkD-GK8YiRKqCloBJyE8CVo17 Thanks for watching & keep supporting.
Views: 8245 IY zone
ABC Analysis basics telugu lecture
 
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ABC Analysis basics telugu [email protected]
Views: 5836 Upendrakumar malla
Inventory Management Training in 3 minutes - ABC Classification
 
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A "3 minute" video on the ABC Classification process a.k.a Pareto analysis or the 80/20 rule
Views: 27443 inventoryskills
ABC ANALYSIS IN INVENTORY MANAGEMENT
 
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In materials management, the ABC analysis (or Selective Inventory Control) is an inventory categorization technique. ABC analysis divides an inventory into three categories—"A items" with very tight control and accurate records, "B items" with less tightly controlled and good records, and "C items" with the simplest controls possible and minimal records. The ABC analysis provides a mechanism for identifying items that will have a significant impact on overall inventory cost,[1] while also providing a mechanism for identifying different categories of stock that will require different management and controls. The ABC analysis suggests that inventories of an organization are not of equal value.[2] Thus, the inventory is grouped into three categories (A, B, and C) in order of their estimated importance. 'A' items are very important for an organization. Because of the high value of these 'A' items, frequent value analysis is required. In addition to that, an organization needs to choose an appropriate order pattern (e.g. 'just-in-time') to avoid excess capacity. 'B' items are important, but of course less important than 'A' items and more important than 'C' items. Therefore, 'B' items are intergroup items. 'C' items are marginally important. #abcanalysis #CTM #VNIT
Views: 125 Sachin Rawat
Lecture 11-1 ABC Analysis & Problem 1
 
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Table of Contents: 00:00 - ABC Analysis & Pareto Principle 02:08 - Policy implications of ABC analysis 03:00 - Automobile service station (Example) 08:46 - Policy implications of ABC analysis 08:46 - ABC Analysis & Pareto Principle 11:50 - Policy implications of ABC analysis
Views: 8517 Mark Yang
ABC analysis for inventory maintenance explained in tamil/தமிழ்.
 
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ABC analysis for inventory maintenance. In a factory/Stores/Warehouse there is always a problem between system stock and physical stock. To avoid that we can check all the quantity of physical stock and compare it with system stock on daily basis. Is it practically possible? No ! because, let us consider a car manufacturing company there might be thousands of parts, and those parts cannot be reconciled on daily basis. It takes huge resources and doesn't add any value addition as compared to the cost involved. We can use ABC analysis to solve this issue. ABC can be related to pareto principle (80/20 rule)- Can be stated that for many problems / Solutions/and events 80% of results come from 20% percentage of action. by understanding the above we can relate that 80% inventory value comes 20% of line items (Stock/inventory ). And it can be termed as A class items. Likewise we further divide 80% of line items (Stock /inventory) into B and C class items. A class- Highly critical item - Perpetual inventory stock taking can be scheduled and conducted and reconciled at least for every month. Normally at the start of the shift , Warehouse operators are given a sheet with list of part numbers and its location details (Not more than ten part numbers). It should be planned in a way so that the operators can complete the stock taking within 15 minutes and return the sheet to team leader. TL can reconcile it further. B- Critical items - Stock can be reconciled after every 90 days. C- Less critical items - Can be reconciled after every 180 days. While stock taking the operators can check the physical usable condition of the stock. If there are any issues they can highlight it to TL for proper solution. So an operator will check quantity/usable condition and its package condition. Personal Introduction- I have good experience in Production/ Warehouse Management/ Inventory Management. If you have any requirements for the below.I can provide solutions (Part time/Full time/Freelancing) Stabilizing productivity for your organization. Optimising Resources. Line balancing. Warehouse Management. Inventory Management. Procurement. Training on Industrial Engineering concept s. Or any other requirement's on Industrial Engineering. Please find my experience details. My name is Bharani. I have cumulative 10 years experience in the field of Automotive component assembly/ Automotive component warehouse management/ Inventory Management/ Automotive component sales Management. I have completed Industrial Engineering ( Institution- Indian institution of Industrial Engineering). Contact details- [email protected] or businesstechnophile.com Thanks.
Free ABC Trading Method You Can Use Today!
 
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daytradetowin.com Founder John Paul shows how to use the this simple trading strategy to catch a trending day by using this simple ABC method of trading pattern. John Paul only trades Price Action and the next class begins Januay 2012
Views: 87599 Day Trade to Win
Inventory ABC Analysis Explained - Part1: Introduction to inventory segmentation
 
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Part 1 of ABC analysis video tutorial www.myprofknows.com (coming soon)
Views: 735 Jae Kim
Inventory Analysis | 3 minutes video
 
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BI4Dynamics enables powerful inventory value and quantity analysis over multiple dimensions. To avoid typical difficulties with inventory valuation in ERP systems, daily snapshots of data are created in data warehouse to provide fast and agile analysis.
Views: 6914 BI4Dynamics
Costing : ABC Analysis : Material Cost
 
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Views: 1866 CA dilip badlani
Lecture - 38 Basic Inventory Principles
 
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Lecture series on Project and Production Management by Prof. Arun kanda, Department of Mechanical Engineering, IIT Delhi. For more details on NPTEL visit http://nptel.iitm.ac.in
Views: 187209 nptelhrd
Lecture 52 Inventory Control
 
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Inventory Control Various Types of Analysis ABC Classification VED Analysis
ABC Analysis of Inventory
 
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understanding ABC analysis in inventory management www.llainternational.com
Views: 62 Haydn Sandvig
SAP ABC Analysis
 
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Views: 3800 Kakoli Bandyopadhyay
ABC analysis telugu|What is ABC analysis|material management|Inventory control
 
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ABC analysis telugu|What is ABC analysis|material management|Inventory control #abcanalysis #abcanalysistelugu #inventorycontrol
Views: 247 TutorialsMadeEasy
Méthode d'analyse ABC pour les achats : définition et cas concret
 
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L’analyse ABC est une technique d’analyse des coûts et de classification des produits, utilisée souvent dans les domaines du stock et des achats. C’est une déclinaison du principe de PARETO (20 / 80) et permet un découpage plus détaillée des produits en 3 catégories (A, B, C) Elle classe les achats en 3 catégories : La classe A (ex. matières premières) : Ce sont les achats stratégiques qui représentent 80% du montant global des achats mais ne comptent que 20% du nombre total des familles. Ces achats sont souvent très sensibles et doivent être traités avec soin. La classe B (ex. machines de production) : Ce sont les 30% des familles qui représentent 15% de la valeur du portefeuille achats. Cette catégorie regroupe souvent les achats indirects et récurrents. La classe C (ex. fournitures de bureau) : Cette classe regroupe 50% des familles qui ne comptent que 5% de la valeur globale des achats. Ce sont des achats marginaux et non récurrents. Découvrez dans cette vidéo comment classifier vos achats en 3 classe afin de mieux comprendre votre portefeuille d'achats et optimiser sa gestion
Classifying A, B and C Inventory with Excel
 
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Classifying A, B, and C inventory using Excel
Views: 23368 David Johnk
Using ABC Analysis to Assess Key Inventory Planning and Forecasting Needs
 
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http://www.demandsolutions.com/ This supply planner for Rocky Brands, a manufacturer of outdoor and work apparel, talks about the ABC Analysis function within Demand Solutions supply chain management software. ABC Analysis allows the user to make sure safety stock, vendor relationships and sales plans are appropriate for any given product/item. To learn more about Rocky Brands' success using Demand Solutions forecasting software and supply planning software, download this free case study: http://www.demandsolutions.com/resource-center/case-studies/apparel/georgia-boot/case-study.html.
Views: 625 DemandSolutions
VED Analysis Inventory management
 
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Recorded by DU Recorder – Screen recorder for Android
Views: 11521 SALMAN SHAIKH
Learn how to create Pareto chart in PowerBI!
 
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In this video you will learn the following topics: 1. What is Pareto Principle? 2. Use of Pareto Principle 3. Pareto principle in PowerBI 4. SumX() function 5: ALL() function 6. TOPN() function 7. RANK() function 8. DIVIDE() function 9. SUM() function 10. HASONEVALUE() 11. IF() 12. BLANK() 13. Clustered and Line chart 14. Creating a table 15. Changing the font of chart, title, labels, values 16. DAX Studio Please learn and leave feedback
Views: 6287 Pradip Pardeshi
Cycle count | ABC Analysis | Inventory |SCM | Oracle Apps
 
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Cycle count | ABC Analysis | Inventory |SCM | Oracle Apps
Views: 163 GRP Tech
Inventory Aspects - The ABC Analysis II
 
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This video makes you learn about ABC Calculation
Views: 256 Rohtash Kr
3 Popular Inventory Management Techniques - Business Quick Tips
 
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Learn more at: http://www.fishbowlinventory.com/quick-tour/. There are many ways to manage your inventory. Three of the most popular inventory management techniques are Just In time, Stock Review, and ABC Analysis. Learn more about them and see which inventory management technique works best for your business in this video.
Views: 48188 Fishbowl
Intro to ABC Inventory
 
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Intro to ABC Inventory
Views: 29547 Emily Bear
ABC Analysis and Pareto Theory BCom Cost Accounting Gurukpo
 
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Mr. Amit Kumar Arora explained about ABC Analysis and Pareto Theory in simple words with focus on concept. www.gurukpo.com, www.biyanicolleges.org
Views: 14924 Guru Kpo
Inventory Management | Concepts, Examples and Solved Problems
 
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Link to problems solved n the video: https://goo.gl/QUK511 Covers topics such as, - inventory counting system - ABC classification - cycle counting - economic order quantity (eoq) models - inventory cycle - total cost calculation - economic production quantity (epq) - economic run size, - quantity discounts - safety stock and reorder point - fixed order interval and single point models
Views: 66791 Bharatendra Rai
ABC Inventory - Animation
 
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Animation about Landlords and Tenants
ABC ANALYSIS
 
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My LinkedIn Profile: http://in.linkedin.com/in/ganeshghuge Oracle Applications - Inventory - ABC Analysis
Views: 1646 Ganesh Ghuge
Mod-01 Lec-21 Inventory Management
 
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Business Analysis for Engineers by Dr. S. Vaidhyasubramaniam,Department of Management,IIT Madras.For more details on NPTEL visit http://nptel.ac.in
Views: 2301 nptelhrd
ABC ANalysis
 
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ABC Analysis

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