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➡️ Every item in the inventory doesn’t have an equal value. To analyse the value of each item in the inventory, ABC analysis is the right technique. It is one of the most significant techniques of inventory management used to determine the items that give the utmost worth to the business. It is also known as the ABC classification or selective inventory control(SIC). In this technique, items are categorized based on high demand, medium demand and risky. 👉 In simpler terms, the ABC classes items into A, B and C categories based on the value it gives the business. ✅ The items are segmented depending on the sales volume or profitability. Category A will have the highest value, category B will have the next important and Category C keeps the least valuable item. This will give businesses the data of the item that is giving maximum value and the list of items that is giving low value. 📲 : https://www.sagesoftware.co.in/blogs/abc-analysis-in-inventory-management/?utm_source=youtube&utm_campaign=video ------------------------------------------------------------------------ 📲 Visit Us : https://www.sagesoftware.co.in/ 📞 Contact Us : https://www.sagesoftware.co.in/contact/ ------------------------------------------------------------------------ ✔ Facebook - https://www.facebook.com/sagesoftwaresolutions ✔ Instagram - https://www.instagram.com/sagesoftwareindia/ ✔ Twitter - https://twitter.com/sageindia ✔ LinkedIn - https://www.linkedin.com/company/sagesoftware ------------------------------------------------------------------------ #abcanalysis #abc #inventorymanagement #inventory #blogvideo

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