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ABC analysis of inventory in MS Excel

Author

Listed:
  • Tanka Milkova

    (University of Economics – Varna, Bulgaria)

Abstract

The technologies in IT industry take important part in all the areas of business and education in the contemporary world. It is hard to imagine for most of the activities to go smoothly without computer and software. The purpose of this paper is to present an idea for inventory ABC analysis. A sample dataset is used. Classification of inventory by empirical and graphical method in MS Excel is carried out. The proposed methodology can be used in the educational processes for students and also for real practical applications in inventory management in logistics.

Suggested Citation

  • Tanka Milkova, 2019. "ABC analysis of inventory in MS Excel," Conferences of the department Informatics, Publishing house Science and Economics Varna, issue 1, pages 155-165.
  • Handle: RePEc:vrn:katinf:y:2019:i:1:p:155-165
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    File URL: http://informatics.ue-varna.bg/conference19/Conf.proceedings_Informatics-50.years%20155-165.pdf
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    More about this item

    Keywords

    ABC analysis; MS Excel;

    JEL classification:

    • C8 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs

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