If you’re wondering what is the best way to manage inventory with hundreds or even thousands of SKUs, you’ve found your answer: ABC analysis (otherwise known as ABC classification). In this post, we’re going to discuss how you can classify your inve

ABC Analysis allows inventory/purchasing managers to segregate and manage the overall inventory/suppliers into three major groups. This allows different inventory/supplier management techniques to be applied to different segments of the inventory/supplier

Back to the basics, an ABC analysis is a method for inventory holding companies to classify their inventory into different categories. The three categories are A, B and C and give an indication of the importance of an item to the business. If an item has