Examlex
Describe the support activities in a value chain.
ABC Analysis
A method of categorizing inventory into three classes (A, B, and C) based on their importance, with A being the most valuable and C being the least.
Dollar Volume
Refers to the total amount of money exchanged in transactions for a particular commodity within a specific timeframe.
Pareto Principle
The principle that states a small percentage of causes (roughly 20%) often lead to a large percentage of effects (approximately 80%).
ABC Analysis
A method of classifying inventory items into categories based on their importance, such as value or turnover rate, to optimize inventory management.
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