ABC Classification uses dollar usage to classify inventory items into categories of importance.There have been attempts to extend the concept of ABC Classification to other more sophisticated measures.Explain why this mostly does not work and why ABC Classification in its simplest form does work.

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The Answer of ABC Classification uses dollar usage to classify inventory items into categories of importance.There have been attempts to extend the concept of ABC Classification to other more sophisticated measures.Explain why this mostly does not work and why ABC Classification in its simplest form does work.

ABC Classification Uses Dollar Usage to Classify Inventory Items into Categories