F-S-N Analysis: Criterion employed: Rate of consumption of items in terms of rate of their issue from stores.

Advertisement

In F-S-N analysis, items are classified according to their rate of consumption. The items are classified broadly into three groups: F – means Fast moving, S – means Slow moving, N – means Non-moving. The FSN analysis is conducted generally on the following basis:

  • The last date of receipt of the items or the last date of the issue of items, whichever is later, is taken into account.
  • The time period is usually calculated in terms of months or number of days and it pertains to the time elapsed seems the last movement was recorded.

 

FSN analysis helps a company in identification of the following

a)      The items to be considered to be “active” may be reviewed regularly on more frequent basis.

b)      Items whose stocks at hand are higher as compared to their rates of consumption.

c)      Non-moving items whose consumption is “nil” or almost in significant.

Advertisement
The following two tabs change content below.
We, at BMS.co.in, believe in sharing knowledge and giving quality information to our BMS students. We are here to provide and update you with every details required by you BMSites! If you want to join us, please mail to [email protected]
17 Comments

Leave a reply

BMS.co.in is aimed at revolutionising Bachelors in Management Studies education, also known as BMS for students appearing for BMS exams across all states of India. We provide free study material, 100s of tutorials with worked examples, past papers, tips, tricks for BMS exams, we are creating a digital learning library.

Disclaimer: We are not affiliated with any university or government body in anyway.

©2020 BMS - Bachelor of Management Studies Community 

A Management Paradise Venture

Ask Us On WhatsApp
or

Log in with your credentials

or    

Forgot your details?

or

Create Account