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 ABC Analysis is a great approach to categorizing and prioritizing inventory, especially when running spares and consumables in the solar industry. This analysis helps in efficient resource allocation and cost control and minimizes stockouts or overstocking, enhancing the operational efficiency of solar facilities. Click here to know more on the "ABC analysis". Below is the online calculator for tracking the inventory: ABC Analysis Calculator ABC Analysis Calculator Item Name Unit Price Annual Consumption Total Cost 0 Add Item Calculate ABC Results Item Name Total Cost Cumulative Percentage Category ...

ABC Analysis is a great approach to categorize and prioritize inventory, especially for running spares and consumables in the solar industry. Here's a suggested analysis structure: Data Collection: Gather inventory data for the last three years. Include details like unit price, usage frequency, and total cost of each item. Categorization Basis: Calculate the cumulative percentage contribution of each item to the overall cost. Sort materials by unit price in descending order and compute their cumulative cost percentage. ABC Classification: Category A (0 – 75%): These are the most expensive or critical items that contribute significantly to the total cost. Category B (75 – 90%): These items are moderately priced, representing average importance. Category C (90 – 100%): Low-cost items that contribute the least to overall cost and have minimal impact. Considerations: For Category A items, implement stringent inventory controls and ensure high availability to avoid disruptions. For C...