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ABOUT SUPPLY CHAIN CLASSIFICATION
Wholesale distribution and manufacturing companies are delivering a range of products and services. The supply chain of a company has many relations which increases the demand of business overview and insight.
In order to be efficient and make profit it is important to decide where to focus, hereby being able to assign an appropriate priority and management of any activity.
Classification, often referred to as: 80-20 Rule, Pareto Chart, Pareto Distribution, Pareto Analysis, ABC Analysis, ABC Categorisation, ABC Classification, is an essential standard analysis method when choosing focus areas, priorities and operations strategies.
More profit by less is a short lesson on focus and profit in the supply chain.
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