ABC analysis

ABC analysis is a popular inventory management technique used to categorize items or resources based on their relative importance to a business. It's used to prioritize resources and optimize inventory management. Here's a summary of the key concepts of ABC analysis:

ABC Analysis: A method that classifies inventory into three categories—A, B, and C—based on factors such as value, volume, or criticality. It helps businesses focus on the most significant items and manage their inventory more effectively.

Classification Criteria

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