Discuss the ABC classification inventory using a suitable diagram.

ABC classification, also known as ABC analysis or Pareto analysis, is a widely used inventory management technique that categorizes items in a company's inventory into three main categories based on their relative importance. The purpose of ABC classification is to help organizations prioritize their inventory management efforts, allocate resources efficiently, and optimize their supply chain operations.

The three categories in ABC classification are:

1. Category A (High-Value Items): This category includes items that represent a relatively small percentage of the total number of items in inventory but account for a significant portion of the total inventory value. These items are high-value, high-priority, and require close monitoring and strict control. Examples might include expensive machinery, critical components, or top-selling ___ _________ _______ ______ ___ _________ _____ ______ ________.
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