ABC Inventory Analysis & Management
Consider consumer trends, new industry competitors, and changes in sales per class and product. ABC analysis enables you to identify those items in real-time, monitor demand for them, and ensure they’re never out of stock. By channeling your resources towards high-priority inventory, you can rest assured you’re putting the odds […]
What is ABC analysis? Definition & method incl example
For best results, however, it is also important to constantly monitor the categories. ABC analysis divides an organization’s on-hand inventory into three classes based upon their value. This inventory categorization method divides items into A, B and C categories. A is the category of the most valuable items, with B […]