ABC inventory management strategy

The ABC inventory management strategy is a classification technique used to categorize items in a company's inventory based on their importance and value. It helps organizations prioritize their inventory management efforts, optimize stock levels, and allocate resources efficiently. The strategy involves categorizing items into three main classes: A, B, and C, representing the descending order of importance.

1. Class A Items:
   • These are high-priority items with the highest value and contribution to the organization.
   • Typically, Class A items represent a smaller portion of the total ____ ___ ___ _______ _____ ________ _______ ________.
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