ABC Analysis Overview in Inventory Management + Step-by-step process walkthrough

ABC Analysis in Inventory Management. This video explains the uses for an ABC analysis, the steps in the calculation process, and then walks through how to perform an ABC analysis on a small amount of SKU's. Lecture content taken from the Pearson Textbook "Operations Management, Sustainability and Supply Chain" 13th edition by Jay Heizer, Barry Render and Chuck Munson. Chapter 12 on Inventory Management.
You can get free copies of this slide deck and other chapter outlines on our website at www.operationsuniversity.org

[@kivi2059]

This session really helped in solidifying this concept from me, heading into my final exam tomorrow. I appreciate this.🙏

[@OperationsAndSupplyChain]

You are welcome! 🙏 I’m sure you did great on your final exam. I appreciate you watching our videos!

[@driftaaja5383]

Hello, I've read operations management 11th versions and other MRP, inventory planning, management books. Would you have information how to deal MRP, requirement and return forecasting model for re-manufacturing parts?

[@Prinncex-iv1ky]

Thank you soo much for this. I watched and understood this 30mins before exams.

[@OperationsAndSupplyChain]

Hi Prinnce, that's great, glad we could help you on the exam! Come back anytime for more support on other Operations & Supply Chain Management topics related to your coursework. Also, we also have content at www.OperationsUniversity.Org that you can download for exam prep. Good luck this semester!

[@cristiancolodrovschi6796]

Not necesarilly relevant for this specific video, but I want to thank you a lot for the effort to post all your videos. Imho, this content should not be free, especially with the real life tips you provide.

[@OperationsAndSupplyChain]

Hi Christian, thanks for your feedback on our videos & this channel. I'm glad we can help. And don't worry, we make a few pennies every time you watch a video so it's not completely free :) Thanks for watching!

[@SaraParker-zb1wh]

Hi! I first wanted to thank you sooo much for all the videos you have posted. I was wondering if you have any videos for Aggregate Planning and Waiting lines? Thanks!

[@OperationsAndSupplyChain]

Hi Sara, yes, both of those topics are covered in other videos.
1) Aggregate Planning can be found in the Ch14 playlist, specifically ruclips.net/video/GXb9D-k-0rM/видео.htmlsi=WhpotRVjpx6UzKOC
2) Waiting lines can be found in the Little's Law video: ruclips.net/video/r_T8veWYrEA/видео.htmlsi=cklJsXZZECL3TKy4
Thanks for watching our videos! ~ Brent

[@SaraParker-zb1wh]

I just wanted to post a message saying that I got an A+ in my operation management course. Your videos has been really really helpful and I wouldnt have been able to achieve this if it wasnt for your bright teaching and the way you engage students. You are a god send and to be doing this for free is something so noble of you, which I truly apperciate. Thank you so so much again, I hope your life is filled with nothing but light!!

[@OperationsAndSupplyChain]

Hi Sara, thanks for the update on how you completed your Operations Management coursework this semester! I am thrilled to hear that you got an A+... Great job! I am glad we could help contribute to your success. Thanks again for watching our videos and for asking thoughtful questions on many of them. Congrats Sara! Take care.