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ABC CLASSIFICATIONS

ABC CLASSIFICATIONS

What You’ll Learn…

  • The ABC inventory management methodology
  • How to assign the ABC classification using your data
  • How to simulate your inventory turns based on different ABC %'s
  • The Limits of ABC analysis and ABC inventory managment

 

 

What You’ll Get…

1. A self study guide - 8-10 pages explaining ABC Classification process
2. A comprehensive inventory spreadsheet - enabling ABC analysis
3. A professional video - explaining "how to use" the inventory spreadsheet

Our approach is entirely new. There is nothing like it on the Internet.

Click for more information on "what you'll get" and the "benefits"

What The Spreadsheet Will Enable You To Do…

  • Enable you to enter your own data
  • Assign ABC analysis codes to your data based on various % splits
  • Calculate inventory turns based on % splits and re-order frequency
  • Calculate impact of slight variations in % splits on the # items to be counted

 

Click to view our video on ABC Classification

Skill Description:

Originally based upon an observation by Italian economist Vilfredo Pareto, the “Pareto Principle” -- also known as the 80/20 or ABC Inventory Managment -- is an axiom that states “A minority of input produces the majority of results.” In other words, about 80% of positive results can be traced to 20% of originating causes. The same principle can be used to predict and explain quite a few business and inventory management phenomena. In this module, you’ll learn how to make the Pareto Principle work for you.

You will learn how just a few items (relatively) affect the big picture, how to spend your time and money more wisely to generate the most gain, what processes in your business bring you the most pain and headaches, which areas require the most focus. The information gained by conducting ABC analysis and ABC classifications should, in no uncertain terms, practically help you run your business more successfully.
 
Set your CAREER on a new path - EDUCATE yourself – BUY Now - A$39

 

WATCH OUR INTRODUCTORY VIDEO

HOW GOOD ARE YOU AT INVENTORY MANAGEMENT?

Compare yourself with the worlds best.

WHAT YOU'LL GET:

  • 3,000 word guide - explaining the skill
  • A spreadsheet demonstrating the skill
  • A "how to use" the spreadsheet video

      Training from inventoryskills has undoubtedly had a very positive impact on my career progression.

                          Danika C



How can we help you today?

For more than ten years inventoryskills.com developers have given inventory managers and manufacturing and retail employers the information they need to work as a team to keep shelves shrewdly stocked and consumers completely satisfied.

Enjoy 7 Self-Study Modules at Your Own Pace from Home   24 / 7 / 365

Inventory Control Managers: Your stress levels will plummet as you learn to take complete charge of inventory management. And you’ll gain new skills in the most convenient location of all – from your home computer or mobile laptop.

No longer will you need to wait for your employer to answer a question or develop your proficiency. And, in all likelihood, you know better than your employer what you still need to know to become a master in your field.

Retail and Manufacturing Employers: Why not sponsor training courses for your inventory control personnel and allow them to develop along the lines they know will best help them help you, in the comfort of their own home or at work?

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