v 10.0 v 11.0 v 12.0 Third Party 5
Required Apps Sales (sale_management)
Invoicing (account)
Inventory (stock)
Lines of code 333
Technical Name scs_inventory_abc_analysis
LicenseLGPL-3
Websitehttp://www.serpentcs.com
Also available in version v 10.0 v 13.0 v 11.0
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Required Apps Sales (sale_management)
Invoicing (account)
Inventory (stock)
Lines of code 333
Technical Name scs_inventory_abc_analysis
LicenseLGPL-3
Websitehttp://www.serpentcs.com
Also available in version v 10.0 v 13.0 v 11.0

Inventory ABC Analysis

Description

In materials management, the ABC analysis (or Selective Inventory Control) is an inventory categorization technique. ABC analysis divides an inventory into three categories "A items" with very tight control and accurate records, "B items" with less tightly controlled and good records, and "C items" with the simplest controls possible and minimal records.

The ABC analysis provides a mechanism for identifying items that will have a significant impact on overall inventory cost,while also providing a mechanism for identifying different categories of stock that will require different management and controls.

'A' items are very important for an organization. Because of the high value of these 'A' items, frequent value analysis is required. In addition to that, an organization needs to choose an appropriate order pattern (e.g. 'just-in-time') to avoid excess capacity. 'B' items are important, but of course less important than 'A' items and more important than 'C' items. Therefore, 'B' items are intergroup items. 'C' items are marginally important.

Configuration View

You can select a ratio of analysis category and Analysis By sales or quantity from the inventory section of the configuration.

ABC Analysis Automation Scheduler

The module allows the Warehouse manager can configure the frequency when you run the ABC Analysis Automation Scheduler.

After installing the module, you can see the new menu called "ABC Analysis" under Sales > Products.

According to the mentioned ratio in the configuration, you can get products categorized in the respective category as per shown in the below image.

ABC Anlysis Report

You can generate a report for the selected product as well.

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