Assertion: pareto principle | /r/ObjectUse | used in procurement
Facets:
value: widely
type: DEGREE
value: for costs of keeping and replenishing
type: PURPOSE
value: for the purpose
type: PURPOSE
Source sentences:
text: The Pareto principle serves as a baseline for ABC-analysis and XYZ-analysis, widely used in logistics and procurement for the purpose of optimizing stock of goods, as well as costs of keeping and replenishing that stock.