【What is ABC analysis? 】
The ABC Analysis is one of the most established analysis methods within business administration.
The ABC principle is applicable to inventories, purchasing, sales, and so on.
ABC analysis (ABC Classification) divides an inventory into three categories-
"A items" with very tight control and accurate records,
"B items" with less tightly controlled and good records, and
"C items" with the simplest controls possible and minimal records.
For example, the best customers who yield highest revenue are given the 'A' rating, are usually serviced by the sales manager, and receive most attention. 'B' and 'C' customers warrant progressively less attention and are serviced accordingly.
Other examples are: customer - sale; costs - benefit; resource - costs and many more.
【Features】
- Two finger zoom to chart
The ABC Analysis is one of the most established analysis methods within business administration.
The ABC principle is applicable to inventories, purchasing, sales, and so on.
ABC analysis (ABC Classification) divides an inventory into three categories-
"A items" with very tight control and accurate records,
"B items" with less tightly controlled and good records, and
"C items" with the simplest controls possible and minimal records.
For example, the best customers who yield highest revenue are given the 'A' rating, are usually serviced by the sales manager, and receive most attention. 'B' and 'C' customers warrant progressively less attention and are serviced accordingly.
Other examples are: customer - sale; costs - benefit; resource - costs and many more.
【Features】
- Two finger zoom to chart
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