ABC analysis classifies inventoried items into three groups, usually based on annual units or quantities used.

Name: ABC analysis classifies inventoried items into three groups, usually based on annual units or quantities used.
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ABC analysis classifies inventoried items into three groups based on their annual consumption value, not just on units or quantities used. This method ranks items from most to least valuable, helping prioritize management focus.

ABC Analysis Classifies Inventoried Items into Three Groups, Usually Based