ABC Inventory Classification Tools

Necessary Tools for the
ABC Inventory Classification


This site is a part of the JavaScript E-labs learning objects for decision making. Other JavaScript in this series are categorized under different areas of applications in the MENU section on this page.

Professor Hossein Arsham   


The ABC classification process is an analysis of a range of items, such as finished products or customers into three categories: A - outstandingly important; B - of average importance; C - relatively unimportant as a basis for a control scheme. Each category can and sometimes should be handled in a different way, with more attention being devoted to category A, less to B, and less to C.

Inventory Control Application: The ABC classification system is to grouping items according to annual sales volume, in an attempt to identify the small number of items that will account for most of the sales volume and that are the most important ones to control for effective inventory management.

This following JavaScript constructs an empirical cumulative distribution function (ECDF) as a measuring tool and decision procedure for the ABC inventory classification.

Enter the dollar values and demands of up-to-42 distinct items and then click the Calculate button. Blank boxes are not included in the calculations but zeros are.

In entering your data to move from cell to cell in the data-matrix use the Tab key not arrow or enter keys.

To edit your data, including add/change/delete, you do not have to click on the "clear" button, and re-enter your data all over again. You may simply add a pair of numbers to any blank cells, change a number to another in the same cell, or delete a number from a cell. After editing, then click the "calculate" button.

For extensive edit or to use the JavaScript for a new set of data, then use the "clear" button.


Item Number
1
2
3
4
5
6
7
8
9
10
11
12
13
14
$ Value for Each Item
Demand for That Item
Item Number
15
16
17
18
19
20
21
22
23
24
25
26
27
28
$ Value for Each Item
Demand for That Item
Item Number
29
30
31
32
33
34
35
36
37
38
39
40
41
42
$ Value for Each Item
Demand for That Item
Necessary Tools for the ABC Classifications



For Technical Details, Back to:
Decision Making in Economics and Finance


Kindly email your comments to:
Professor Hossein Arsham


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Kindly e-mail me your comments, suggestions, and concerns. Thank you.

Professor Hossein Arsham   


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