The goal of the ABC approach for inventory management is to: Multiple Choice Identify the order point for each inventory item. identify the best portion of inventory to sell. Enable the kanban system for reordering raw materials. Organize the inventory in the most efficient location in the warehouse. identify the respective portion that each group of inventory represents to the overall value.

identify the respective portion that each group of inventory represents to the overall value

Explanation:

In ABC analysis, an inventory is grouped in three categories. The categories include A items which are items with records that are accurate, precise and have very tight control; B items possess good records and are less tightly controlled; while C items have little records and possess simplest controls possible.

The ABC analysis simply shows the items which have vital effect on the entire cost of the inventory.

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