Given the Information Below, Conduct an ABC Analysis and Determine

Essay

Given the information below, conduct an ABC analysis and determine which items should be classified as A, B and C.
$\begin{array}{ccc}\text { SKU } & \text { Annual Usage } & \text { Item Value } \$) \\\hline \text {A } & 2,800 & 0.22 \\\text { B } & 300 & 50.00 \\\text { C } & 275 & 11.00 \\\text { D } & 700 & 8.00 \\\text { E } & 45 & 400.00 \\\text { F } & 1,250 & 0.80 \\\text { G } & 2,000 & 0.60 \\\end{array}$