Question: Why is it important for inventory management to make such (ABC) classification? Using the simplified illustration below propose an 'ABC' classification of the 10 items

  1. Why is it important for inventory management to make such (ABC) classification?
  2. Using the simplified illustration below propose an 'ABC' classification of the 10 items
Item Qty Price
G 56 58
H 49 98
I 80 32
J 95 74
K 32 170
N 45 37
Y 98 46
P 34 39
Q 25 200
R 67 534

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