Perform an ABC analysis to classify the inventories (200 SKUs) to three classes: Class A, Class B, and Class C, with justification. Calculate the annual expense of each inventory class (Class A, Class B, and Class C), and briefly discuss its implications on this company's financial performance.

Answer rating: 100% (QA)

ABC analysis is a technique used in inventory management to categorize items based on their value and importance It helps companies prioritize their inventory management efforts by identifying which i... View the full answer