Mar 11, 2022
ABC analysis is an inventory categorization method that determines the most and least valuable product in one’s inventory. Followed on the lines of the Pareto principle, it says that 20% of the most useful products in your inventory is accountable for 80% of the total revenue a company or store makes. The inventory management system is not only complex but also quite expensive. A study reveals that nearly $1.35 is required behind inventory for every