The obsolete items or SKUs (stock keeping units) have done no sales and so are blocked investments. Slow moving and obsolete inventory (SLOB)ĭemand lags Supply in the S&D curve over some time. Category of ItemįSN – Segregates the items on the consumption rate or frequency of usage. ABC or Pareto Analysis – Classify the items or materials based on Stock Value and Stock Quantity. VED(Vital, Essential, and Desirable) Analysis, FSN, and HML (High, Medium, and Low) Analysis are also ways to control inventory based on costs and demand. A popular inventory control technique is ABC analysis. So, let me discuss some vital inventory control techniques. Inventory Control comes into the picture to avoid two scenarios: Over Stocks or Stock Out.
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