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Thread: How to identify slow moving, fast moving, No moving stock

  1. #1
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    Question How to identify slow moving, fast moving, No moving stock

    Hello, eveyone
    i have an unsolved question in mind. From inventory management point of view, how to identify slow mover, fast mover, non movers. How slow is slow, how fast is fast?what criteria, approaches, ideas, classifications, etc are you using to differentiate them? Please advise, thanks jon
    if you could give me some sample data with your analysis , that would be great,
    my email Goodluck2007jon@yahoo.com.au
    Many thanks, jon

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    Default Re: How to identify slow moving, fast moving, No moving stock

    Jon,
    The most often used criteria would be Cost$, but others will use Pick activity, or shelf life expoasures, and some a combination.
    Then when looking at Cost$ other criteria sometimes come into play such as the cash flow Cost$.
    It largely depends on your business expectations to define how best to describe fast and slow, which of course are entirley relative terms.
    The quantify the relatedness some use Pareto, but that has it limits of usefulness, as its easliy distorted in the today situations of business which generally means a lot more dynamics get involved than were evident in Vilfredo Pareto's time.
    cheers, Richard

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    Default Re: How to identify slow moving, fast moving, No moving stock

    Thanks richard for your eeply. I am thinking of your comments now.
    Best regards, jon

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    Default Re: How to identify slow moving, fast moving, No moving stock

    hi...
    The definition of Non-Slow-Flast moving inventory varies from company to company. But in general Items which has not moved since more than 3 years called non moving inventory, items which has moved once a year called slow moving inventory and very high consumption and frequently moving items called fast moving

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    Default Re: How to identify slow moving, fast moving, No moving stock

    Hello
    Inventory deals with two factors non-moving and slow-moving items. Faster-moving inventory typically dominates our attention, So the attention is focused on slow-mover stock reduction and not so much on causes and prevention. If you find items with a large number of stocking locations then slow mover stock can occur.

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    Default Re: How to identify slow moving, fast moving, No moving stock

    As part of an overall effort to become more efficient and compete in a tough economic environment, organizations need to review their approach to inventory management. Concentrating in this area will produce significant and short-term results.

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    Default Re: How to identify slow moving, fast moving, No moving stock

    Great Discussion is going on!

    I don't know much about stocks up & down but am eager to know.

    Please somebody share some nice information about this.

    Thanks

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