The ABC Inventory Classification System is a powerful tool for helping businesses streamline their inventory management process. It is designed to categorize inventory items according to their usage rate, from the most frequently used (A) to the least used (C). By using this system, businesses can identify and target the resources that are responsible for their highest costs and greatest risks, allowing them to make more informed decisions when it comes to their inventory levels. With the ABC Inventory Classification System, businesses can effectively and efficiently manage their inventory needs and reduce overall costs.