Which inventory control method classifies inventory items based on financial consumption value using the 80/20 Pareto principle?

Explanation

* ABC Inventory Analysis categorizes inventory into Category A (high value ~70-80% value, 10-20% items), Category B (moderate), and Category C (low value ~5-10% value, 50-60% items).
* Directs tightest control efforts toward high-value Category A items.
* Based on Pareto Principle dynamics.