Automated ABC Ranking Utility
ABC Ranking is a means of assigning importance to Items so that users can focus on the exceptional Items that require their attention, rather than on the approximately 80% of Items that require no special management. In regular practice, recalculation of the ABC Ranking of SKU Items is done, at most, two or three times a year.
You can use the TimeTrends Automatic ABC Ranking utility to differentiate
your best performers from "the rest". You can base this
judgement either solely upon each individual Item's values (Item
Values Set Ranking), or upon an Item's value in relation to the
other Items in the database (Ordered Item Count Sets Ranking).
You can use the TimeTrends Automated ABC Ranking utility to reset
both the default and user-added ABC Ranking fields of hundreds
of Items at a time, based on an Item filter, a date range, and
"A", "B", and "C" percentage targets
that you provide. The utility supports additional ranking fields
that database administrators can define in a database, such as
RankGrossMargin, Dollar_Rank, and so on.
You can calculate and store more than a single ABC Ranking field such that different ABC calculations can be applied to various forecasting operations. For example, you might want to see what the resulting Safety Stock requirements would be, based on measures like Standard Cost, List Price, Gross Margin or Sales Contribution. See also: DRP: Safety Stock, Consumption.
Portion of the TimeTrends Automatic ABC Ranking Utility controls: