The Pareto principle was developed over a century ago by the Italian economist and sociologist Vilfredo Pareto. This is one of the most-used patterns in business that allows you to pre-estimate the results of measurable actions.
The scientific discovery was to notice certain repetitive patterns, the result of which was always reduced to 80/20, i.e. 80% of the result comes from 20% of activities.
Although the proportion may slightly differ in the final result, the universality of the 80/20 rule allows it to be applied in almost every field.
Areas of use of the Pareto method – shipping and container transport
The use of the Pareto method in any field where there is such a possibility can significantly increase efficiency and productivity in the company.
An interesting fact is that Vilfredo Pareto developed a container volume distribution pattern 60 years before its invented😉
This proves that the 80/20 rule is … Read More