What is ABC Analysis?
ABC analysis is the process of classifying the inventory into A, B and C classes based on their relative significance to business, either by their monetary value, utilization, carrying cost or any other factor. This allows leaders to allocate the company’s resources to maximize the efficiency.| https://www.ascent365.com/wp-content/uploads/2025/03/bf463f6f-eb9f-4259-bf9e-f80048d3_3400.mp4 Class A: Very important for an organization. […]