Tools ABC Analysis Quickest way to perform ABC Inventory Analysis - Based on Value, Volume and Frequency of Sales ABC inventory analysis is a process of classifying the products based on the value of importance. This concept is derived from the Pareto principle of 80/20 rule which focuses on vital few from trivial many. Not all items in an inventory are of the same value, therefore these items are broken down into three categories A, B and C. Class A consists of most valuable items, although these items constitute only 10% of quantity they account for 70% – 80% of consumption value. Class B consists of items with moderate importance accounting for 10% – 20% of revenue. And class C consists of least valuable items that contribute to only 10% of revenue. This classification helps managers in prioritizing and monitoring items of high importance closely.Please refer to Quickest Way to Perform ABC Inventory Analysis- Based on Value, Volume & Frequency of Sales, and use the Free Tool mentioned in this performance to conduct ABC Inventory Analysis very quickly.To learn Inventory Management in a lot more details, please refer to The Ultimate Guide to Inventory Planning Methods Want to learn more? Read 6 Basic Benefits to adapting ABC Analysis of Inventory You need to be an SCMDOJO Member to access Tools Signup to Free, Student or Pro Plan × Monthly Annual 40% Off Free $0.00 /lifetime 1 Course Credit (One Time)Access to all ToolsAccess to Supply Chain Job Board Pro $99.00 /month Access to all courses2 Credits for Best Practice Frameworks, Templates or E-BooksMonthly Group Mentoring Meetings with Industry ExpertsAccess to all ToolsAccess to Supply Chain Job BoardBeyond 4 credits, each additional SCMDOJO product is Only $17 Pro (Annual) $59.40 /month $712.80 /year Access to Everything for 1 yearIncluding all the new Courses, Best Practice Frameworks, Templates or E-Books to be added over 12 months of your Expert membershipTotal content worth $758 Materials Management Competency Assessment To understand your current knowledge and skills status I have designed this Materials Management Competency Assessment tools. S&OP Maturity Model To deploy a successful Sales and Operations Planning Process, we have built this simple yet very effective S&OP Maturity Model Self-Assessment tool