(b)
B-Item: Moderate control, the items being of moderate value. The control need
be exercised at middle level of authority.
(c)
C-Item: The items being of low value, the control can be exercised at gross
root level of authority, i.e., by respective user department managers.
2.
HML analysis
In
this analysis, the classification of existing inventory is based on unit price
of the items. They are classified as high price, medium price and low cost
items.
3.
VED analysis
In
this analysis, the classification of existing inventory is based on criticality
of the items. They are classified as vital, essential and desirable items. It
is mainly used in spare parts inventory.
4.
FSN analysis
In
this analysis, the classification of existing inventory is based consumption of
the items. They are classified as fast moving, slow moving and non-moving
items.
5.
SDE analysis
In
this analysis, the classification of existing inventory is based on the items.
6.
GOLF analysis
In
this analysis, the classification of existing inventory is based sources of the
items. They are classified as Government supply, ordinarily available, local
availability and foreign source of supply items.
7.
SOS analysis
In
this analysis, the classification of existing inventory is based nature of
supply of items. They are classified as seasonal and off-seasonal items.
For
effective inventory control, combination of the techniques of ABC with VED or
ABC with HML or VED with HML analysis is practically used.
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