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ABC Method

oboloo Glossary

ABC Method

The ABC Method is a business practice that helps organizations optimize their resources and improve their bottom line. It involves analyzing activities to classify them as either “A” (essential/high-priority), “B” (non-essential/low-priority), or “C” (no longer needed). By using this method, companies can identify which activities are the most valuable, and allocate resources accordingly. This way, they can maximize efficiency and productivity, and get more “bang for their buck!” The ABC Method is an invaluable tool for businesses of all sizes, providing a simple yet effective system for streamlining operations and maximizing profits.

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