ABC component allows you to classify a dataset in three different groups of importance:
%%00009A: Most important
%%00009B: Average in importance
%%00009C: Least in importance
Example:
Step 1:
Identify the purpose of ABC-analysis. In this example we will classify the clientele based on annual turnover. All client that produce the 80% of the total turnover will be classified as A. Clients that produce the next 15% of the total turnover will be classified as B. All other clients will be classified as C. In this case the parameters must be set as: ID column = ClientID, Value column = Turnover, 1st Limit = 0.80 and 2nd Limit = 0.95. All next steps are executed by the ABC component automatically.
Step 2:
ABC component sorts the dataset in descending order based on client Turnover
Step 3:
ABC component calculates the total Turnover
Step 4:
ABC component calculates the Share of Turnover for each client
Step 5:
ABC component calculates the Running Total of Share
Step 6:
ABC component assigns the classification based on Running Total of Share
In addition, the ABC component provides and an interactive view which contains both output tables.
To use this component in KNIME, download it from the below URL and open it in KNIME:
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