Which of the following describes a method to categorize items in a pharmacy?

The ABC analysis is a method used in inventory management to categorize items based on their importance and the value they bring to the pharmacy. In this system, items are classified into three categories: A, B, and C. 'A' items are high-value products that usually make up a small percentage of inventory but account for a large portion of the overall value. 'B' items are of moderate value and quantity, while 'C' items are low-cost products that make up a large portion of inventory but contribute less to overall value. This categorization helps pharmacies prioritize their inventory management efforts, enabling them to maintain optimal stock levels and make informed purchasing decisions.

Other options may involve different aspects of pharmacy management but do not specifically focus on categorization for inventory control. The FIFO method pertains to inventory rotation to maintain product freshness, lot number tracking deals with managing product recalls and tracing, and clinical categorization relates to the grouping of medications based on therapeutic use rather than inventory management.