Stores - AAC approval of ABC Categories
Showing posts with label ABC. Show all posts
Showing posts with label ABC. Show all posts
Friday, March 29, 2024
Wednesday, November 15, 2023
Inventory Control - Methods
|
Method |
Stands for |
Based on |
|
ABC |
A / B / C |
Pareto principle |
|
FSN |
Fast / Slow / Non
- Moving |
On the level of
consumption (moving), frequency of demands and their utility |
|
GOLF |
Government /
Ordinary / Local / Foreign - Source |
On the source of
supplies |
|
HML |
High / Medium / Low
- cost per unit |
On the unit cost of
items |
|
SDE |
Scarce / Difficult /
Easily - availability of item |
On the criteria of
availability of item |
|
SOS |
Seasonal / Off
seasonal - item |
On the nature of
supplies |
|
VED |
Vital / Essential /
Desirable - items |
On the criticality
in end use |
|
XYZ |
High / Medium / Low
- Inventory value |
On inventory value
of items at a given time |
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