ABC_Analysis_Naive_Approach
This workflow demonstrates implementation of the naive approach of ABC analysis. It classifies item sales with respect to selected intervals of normalized cumulative sales. So the sum between 0 and 0.6 is categorized as A, above 0.6 till 0.85 as B and above 0.85 as C.
Aggregating sales and item count for each category and calculating their respective percentage of the grand total. Based on sales volume calculated for six months, inventory can be planned accordingly for the next period.