|
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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