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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.

Read data for AnalysisSum up number of iems sold in the yearTotal SalesCumulative sumof total salesNormalize for a smoothsummationSplit items in categoryA, B, CCount ocurrencefor each classSort total salesAggregate Sales for each classCalculate percentageof SalesJoin on each categoryPercentage of total itemsassociated with each classExcel Reader Column Aggregator Math Formula Moving Aggregation Math Formula Rule Engine Value Counter Sorter RowID GroupBy Math Formula Joiner Math Formula Column Rename Read data for AnalysisSum up number of iems sold in the yearTotal SalesCumulative sumof total salesNormalize for a smoothsummationSplit items in categoryA, B, CCount ocurrencefor each classSort total salesAggregate Sales for each classCalculate percentageof SalesJoin on each categoryPercentage of total itemsassociated with each classExcel Reader Column Aggregator Math Formula Moving Aggregation Math Formula Rule Engine Value Counter Sorter RowID GroupBy Math Formula Joiner Math Formula Column Rename

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To use this workflow in KNIME, download it from the below URL and open it in KNIME:

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Created by: Ali.Marvi
Created at: 2022-12-13
On NodePit since: 2023-12-19
Last update: 2024-04-27
Created with KNIME version: v4.7.1
Tags: abcanalysisabcinventoryoptimizationsupplychaininventory

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