Aeon Inc. is currently grappling with significant difficulties in effectively managing its inventory. The company boasts a wide array of items in its inventory, but due to limited time and resources, it struggles to allocate equal attention to each item.

Table 1 is a sample of the items in stock, along with other relevant parameters, including the holding cost as a certain percentage of the unit price.

You are assigned the job of suggesting a system for allocating control time for those items. Identify the appropriate system. Generate a pareto chart and discuss how the items in the above list would be categorised based on their importance.

Tahlo 1 Nataile ofitame in etrol