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Use the 80/20 rule (Paretos’s Rule) to calculate ABC classification. The idea is that you identify 20% of the products that generate 80% of the revenue.
Watch the video below on ABC Analysis in Excel.
-Go to any small local store and examine the inventory. In your opinion, decide which 10 items sold there would constitute 80% of the revenue for this store.
Requirements
Part A: Excel file with ABC analysis using formulas in the formula bar.
Part B: Word document with the local store assignment, with the name of the store listed. Write this document in APA format, including a cover page and reference page.
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