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Hi Jon
The last date of issue being very old as of date ( viz. the date of review )
gives an indicator of for how long the item has not been moving. You could
possibly set your own parameters ( based on industry standards .... the lead
time and usage pattern are helpful in this regard.....standard deviation
give you allowances and help you study industry specific and seasonal
variations and assign reasons ...actually this helps you re-fix reorder
levels and re order quantities to reduce the recurrence of slow and non
movers in future )
Let us assume you are reviewing on 31 Dec 2010
One possibility is :
Stocks are available and last date of issue is prior to 01 July 2010. I
could categorize this as a slow mover.
Stocks are available and last date of issue is prior to 01 January 2010. I
could categorize this as a non-mover mover.
Stocks are available and last date of issue is prior to 01 July 2009. I
could possibly categorize this as a dead stock.
I would attach top priority to large stock closing balances of such items in
terms of value ( and volume occupied by the stocks ). The ABC analysis helps
me make corrective and preventive decisions in this regard.
Regards
VidhyaDhar
| | | ---------------Original Message---------------
From: heroadu
Sent: Saturday, March 26, 2011 9:45 AM
Subject: Ideas how to identify slow mover from inventory items
Hi mate, thanks you for your help and explaining to me your ideas. As you mentioned that(1)what do i do when i have a pattern of deviation from amc/awc and how to deal with it?(2) when i have shortlisted items with last issues in past 3 months, past 6 months, past 12 months, how does these groups tell and identify slow movers? I am thinking slow movers have low qty issues per week or month and or even per transaction and low number of issues annually. What do you think? Hope share ur ideas again. Thanks jon |
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