NEED OF INVENTORY 
            NEED OF INVENTORY 
                    CONTROL
                    CONTROL
         TO ENSURE CONTINUOUS SUPPLY : IT IS 
          REQURIED SO THAT PRODUCUTION 
          SHOULD NOT SUFFER AT ANT TIME AND 
          THE CUSTOMERS DEMAND SHOULD ALSO 
          BE MET
         TO ENSURE PROPER INVESTMENT : 
          THERE SHOULD BE NO OVERSTOCKING 
          AND UNDERSTOCKING AND INVETORY 
          CONTROL HELP IN IT. 
                     CONT’D
                     CONT’D
         TOREDUSE THE MATERIAL COSTS: A 
          GOOD INVENTORY CONTROL SYSTEM 
          CAN LEAD TO MINIMIZATION OF MATERIAL 
          COST.
          TO MINIMIZE LOSSES: IT CAN MINIMIZE 
          THE LOSSES OF INVENTORY THROUGH 
          DETERIORATION WASTAGES AND 
          DAMAGES. 
          TO ELIMINATE DUPLICATION : THE SAME 
          MATERIAL CAN BE ORDERED BY 
          DIFFERENT PERSON SO BY INVENTORY 
          CONTROL AVOID THIS PROBLEM.
          TECHNIQUES OF 
          TECHNIQUES OF 
        INVENTORY CONTROL
        INVENTORY CONTROL
         ABC ANALYSIS
         VED ANALYSIS
         AGEING ANALYSIS
         FNSD ANALYSIS
         HML ANALYSIS
         XYZ ANALYSIS
         SOS ANALYSIS
         PREPECTUAL INVENTORY SYSTEM
         ECONOMIC ORDER QUANTITY
                  PREPECTUAL INVENTORY 
                  PREPECTUAL INVENTORY 
                                   SYSTEM
                                    SYSTEM
                      A SYSTEM OF RECORDS MAINTAINED 
                       BY THE CONTROLLING DEPARTMENT, 
                       WHICH REFLECTS THE PHYSICAL 
                       MOVEMENTS OF THE STOCK AND 
                       THERE CURRENT BALANCE.
                   THIS SYSTEM MAKES USE OF          
                  EXTENSIVE RECORDS ,RECIPETS, 
                  ISSUSES ,RETURNS ETC. OF MATERIALS 
                  ARE RECORDED IN A CONTINUOUS 
                  BASIS IN A SORED DEPARTMENT.
              FNSD ANALYSIS
               FNSD ANALYSIS
         F-FAST MOVING ITEMS IN INVENTORYARE 
          THOSE ITEMS WHICH ARE CONSUMED 
          WITHIN A SHORT PERIOD OF TIME 
         N-NORMAL MOVING ITEMS ARE THOSE 
          WHICH ARE CONSUMED WITHIN A YEAR . 
         S-SLOW MOVING ITEMS ARE THOSE 
          STOCKS WHICH HAVE A LOW TURNOVER 
          RATE. 
          D-DEAD ITEMS DENOTES TO THAT STOCK 
          FOR WHICH NO PRESENT DEMAND EXIST 
          AND NO FORECAST CAN BE MADE OF 
          FUTURE DEMAND.