Brought to you by NewGen, a customer-centric ERP consulting group with over 25-years of experience
Home » Educational » What is ABC Inventory Analysis?
Brought to you by NewGen, a customer-centric ERP consulting group with over 25-years of experience
ABC inventory analysis is an inventory management technique that classifies inventory items based on their value to the business, using a ranking system that incorporates demand, cost and risk data. Inventory managers then group items into classes based on that criteria to help refine operational processes and ultimately help businesses more easily control working capital costs, reduce obsolete inventory and improve the inventory turnover rate.
Reach out and let us show you all the ways NewGen is committed to your success.
CHICAGO / NAPERVILLE
50 S. Main St., Bldg 200
Naperville, IL 60540
PHOENIX / SCOTTSDALE
14500 N. Northsight Blvd., Suite 300
Scottsdale, AZ 85260
ST.PETERSBURG / TAMPA
2202 N. Westshore blvd., BLDG 200
Tampa, FL 33607
LAS VEGAS
6671 S. Las Vegas Blvd., Suite 201
Las Vegas, NV 89119