profit
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Perform an Annual ABC Analysis to Find New Profits
- May 19, 2024
- Posted by: David Marshall
- Category: Business, Management, Manufacturing
No CommentsAccording to the Pareto Principle (also called the 80/20 rule), you’re wasting a large portion of your time on items and customers that don’t actually have an ROI for you. That is, 20% of your customers bring in 80% of your results, and 20% of your inventory brings in 80% of your sales. Conversely, 80%