Talk:Pareto Product Report
Please comment on my thoughts:
1. Instead of the INVENTORY VALUE at a specific moment, it is the USAGE-VALUE of the last running nn months (typically 12, but for the product life-cycle in retail this seems eternal. So should be configurable, but stable) that determines the ABC classification of a product.
2. The ABC is not only used to determine the frequency of physical inventory counts. It can also be used to determine the frequency of procurement and to determine the Re-order point or SafetyStock level for that product.
If agreed on the above, the wiki of the definition of the ABC classification should also be adapted. And possibly the software and training material.