The ABC method, also known as P-Q analysis (product-quantum analysis), is an effective strategy for grouping inventories, products and orders. The aim is to apply various management methods and make optimum use of resources.

ABC method in detail:
The ABC method is based on the classification of elements into three categories: A, B and C. Class A includes the most valuable and important elements, while class C includes the less important ones. This classification enables companies to allocate their resources efficiently by applying different management strategies for each class.

P-Q analysis as an alternative term:
P-Q analysis is synonymous with the ABC method and focuses on analyzing product value (P) and volume or quantity (Q). This approach helps companies to better understand their inventory levels and implement demand-driven management.

Areas of application:
The ABC method is used in various sectors, from logistics to production. By managing resources in a targeted manner depending on the class, companies can reduce storage costs, optimize stock levels and make the supply chain more efficient.