ABC/XYZ analysis
Another extremely useful tool for inventory management is ABC analysis. It is based on a regularity observed in the 19th century by the Italian scientist Vilfredo Pareto. His research has shown that 80% of the national wealth in Italy is owned by 20% of families [Maternowska 2000a]. This regularity, called the Pareto principle, is applied […]
Explore moreAnalysis of inventories on the example of selected enterprises (pt.2) – ABC/XYZ analysis
Analysis of inventories on the example of selected enterprises (pt.2) – ABC/XYZ analysis As all investigated companies kept excessive stocks, the next step of the investigation was to identify the product groups that had the greatest impact on the low level of turnover. For this purpose, the ABC/XYZ analysis method was used. The criterion of […]
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