Question
ABC, FSN and VED classification of inventory
Answer :
Word Count : 181
| Criteria | ABC Classification | FSN Classification | VED Classification |
|---|---|---|---|
| Full Form | Always Better Control | Fast-moving, Slow-moving, Non-moving | Vital, Essential, Desirable |
| Purpose | Focus on high-value items for better inventory control | Helps in stock rotation and avoiding obsolete stock | Ensures availability of critical items in required quantity |
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