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A, B and C. The items are those in which it has the largest dollar investment. The A group consists of the 10 percent of the inventory items that account for 70 percent of the liquor store's dollar investment. These are the most costly or the slowest turning items of inventory. The B group consists of the items accounting for the next largest investment. The B group consists of the 20 percent of the items accounting for about 20 percent of the liquor store's dollar investment. The C group typically consists of a large number of items accounting for a small rupee investment. C group consists of approximately 70 percent of all the items of inventory but accounts for only about 10 percent of the liquor store's dollar investment. Such items as screws, nails, and washers would be in this group. Classifying the inventory into A, B, and C items allows the liquor store to determine the level and types of inventory control procedures needed. Control of the A items should be most intensive due to the high rupee investments involved, while the B and C items would be subject to correspondingly less sophisticated control procedures. The general procedure for categorization of items into `A', `B' and `C' The required plan of ABC selective
control
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