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TOPIC-

INVENTORY CONTROL TECHNIQUES


PRESENTED TO- PRESENTED BY-
Asst. Prof. Gaurav soin Anshu Yadav
Divyanshi Parashar
Palak rana
Vaishali Singh
Optimizing Inventory
Management: A
Comprehensive
Analysis of ABC,
VED, EOQ, HML,
SOS, SDE, and FSN
Techniques
Introduction
A comprehensive analysis of
inventory management
techniques including ABC, VED,
EOQ, HML, SOS, SDE, and FSN.
We will delve into the
significance of each technique
in optimizing inventory
management processes and
maximizing operational
efficiency.
ABC Analysis
Analyzing inventory items
based on their value and
prioritizing management
efforts accordingly. This
technique categorizes items
as A, B, or C based on their
contribution to overall
inventory value and requires
distinct management
strategies for each category.
VED Analysis
Focusing on vital, essential, and
desirable items to ensure
optimal inventory management.
This technique emphasizes the
criticality of items in the
inventory and helps in
prioritizing resources and
attention to ensure availability of
crucial items.
EOQ Model

Employing the Economic Order


Quantity model to determine the
optimal order quantity that minimizes
total inventory costs. This model
balances ordering and holding costs to
ensure efficient inventory
replenishment.
HML Analysis

Categorizing inventory items based on


their high, medium, and low
consumption rates. This technique
assists in aligning inventory
management strategies with the
consumption patterns of different items,
optimizing stock levels and minimizing
excess inventory.
SOS Analysis
Identifying slow-moving,
obsolete, and surplus items to
streamline inventory
management. This technique
focuses on managing items
with limited demand, reducing
obsolete stock, and addressing
surplus items to enhance
overall inventory efficiency.
SDE Analysis
Analyzing inventory based on
scarce, difficult, and easy criteria
to optimize inventory control.
This technique aids in identifying
items that require special
attention due to scarcity or
difficulty in sourcing, ensuring
effective inventory management.
FSN Analysis
Categorizing inventory items as
fast-moving, slow-moving, and
non-moving to enhance
inventory control. This
technique facilitates the
identification of items with
varying demand patterns,
enabling tailored management
strategies for each category.
Conclusion
Optimizing inventory management is crucial for
operational efficiency. The comprehensive analysis
of ABC, VED, EOQ, HML, SOS, SDE, and FSN
techniques provides valuable insights for effective
inventory control and resource optimization.
Thanks!

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