SUPPLY CHAIN VISIONS LOGISTICS TERMS and GLOSSARY Updated October 2003 ABB: See Activity Based Budgeting ABC: See Activity Based Costing ABC Classification: Classification of a group of items in decreasing order of annual dollar volume or other criteria. This array is then split into three classes called A, B, and C. The A group represents 10-20% by number of items and 50-70% by projected dollar volume. The next grouping, B, represents about 20% of the items and about 20% of the dollar volume. The
