ABC Inventory Analysis

ABC Inventory Analysis is a method used to prioritize inventory management based on the value and importance of different items. It categorizes items into three groups: - **A items** are high-value products with a low frequency of sales, requiring tight control and frequent monitoring. - **B items** have moderate value and moderate sales, needing regular review. - **C items** are low-value but high-frequency products, which can be managed with less attention. This approach helps businesses efficiently allocate resources, focus on critical items, and optimize inventory costs.