ABC analysis for inventory maintenance explained in tamil/தமிழ்.

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ABC analysis for inventory maintenance.
In a factory/Stores/Warehouse there is always a problem between system stock and physical stock.
To avoid that we can check all the quantity of physical stock and compare it with system stock on daily basis. Is it practically possible? No ! because, let us consider a car manufacturing company there might be thousands of parts, and those parts cannot be reconciled on daily basis. It takes huge resources and doesn't add any value addition as compared to the cost involved.
We can use ABC analysis to solve this issue.
ABC can be related to pareto principle (80/20 rule)- Can be stated that for many problems / Solutions/and events 80% of results come from 20% percentage of action.
by understanding the above we can relate that 80% inventory value comes 20% of line items (Stock/inventory ). And it can be termed as A class items. Likewise we further divide 80% of line items (Stock /inventory) into B and C class items.
A class- Highly critical item - Perpetual inventory stock taking can be scheduled and conducted and reconciled at least for every month. Normally at the start of the shift , Warehouse operators are given a sheet with list of part numbers and its location details (Not more than ten part numbers). It should be planned in a way so that the operators can complete the stock taking within 15 minutes and return the sheet to team leader. TL can reconcile it further.
B- Critical items - Stock can be reconciled after every 90 days.
C- Less critical items - Can be reconciled after every 180 days.
While stock taking the operators can check the physical usable condition of the stock. If there are any issues they can highlight it to TL for proper solution.
So an operator will check quantity/usable condition and its package condition.
Personal Introduction-
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My name is Bharani. I have cumulative 10 years experience in the field of Automotive component assembly/ Automotive component warehouse management/ Inventory Management/ Automotive component sales Management.
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