This document presents an ABC analysis of inventory items based on their usage, total usage quantity, order rank, item cost, percentage of total cost, and classification. The items are ranked from 1 to 8, with Item 1 accounting for 62.41% of the total cost and being classified as an A item, while Items 5 through 8 are classified as C items, accounting for over 92% of the total cost.
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ABC Analysis
This document presents an ABC analysis of inventory items based on their usage, total usage quantity, order rank, item cost, percentage of total cost, and classification. The items are ranked from 1 to 8, with Item 1 accounting for 62.41% of the total cost and being classified as an A item, while Items 5 through 8 are classified as C items, accounting for over 92% of the total cost.