Inventory control methods

1 ABC (always better control)-analysis of very common items with large inventory items are stocked 2 VED (Vital Essential Desirable)- utility of material useful in controlling and maintaining 3 FSN (Fastmoving slowmoving Nonmoving)- review Setting off various level (max or min) 4 Buffering stock (SOS- Seasonal off seasonal)-unexpected demands and helpful in emergency condition Modern computerization of inventory control 5 FIFO ( first in first out)