ABC PRODUCT CLASSIFICATION
Automatically classifies products into A, B, and C categories based on their importance (for example, which ones account for most of the sales or consumption), letting the company define classification profiles with different criteria and analysis periods, and apply the calculated classification directly to each product or manually when needed. Makes it easier to focus purchasing, inventory, and sales efforts on the products that really drive the business.
Extends ABC product classification by incorporating actual sales and inventory history: calculates each product's ranking based on its share of sales lines, keeps a history of that classification over time, and shows the cumulative percentage of sales and products analyzed, giving the company a historical, data-driven view of which products are most relevant.