'D' for desirable in other words, it can run … ABC Analysis (Always Better Control) VED Analysis (Vital, Essential, Desirable) HML Analysis (High, Medium, Low) FSN Analysis (Fast, Slow moving and Non-moving) SDE Analysis (Scarce, Difficult, Easy) ABC Analysis. This requires effective and efficient manage-ment of the medical stores. Basically 'VED' analysis used to stock spare parts for the maintenance of Plant & Machinery. ABC analysis is an approach for classifying inventory items based on the items’ consumption values. VED Analysis is very useful to categorize items of spare parts and components. In fact, in the inventory control of spare parts and components it is advisable, for the organization to use a combination of ABC and VED Analysis. The always, better and control (ABC) analysis… Inventory management … ABC; VED Analysis; Inventory Control; Inventory Management . Short Notes # VED Analysis: VED stands for vital, essential and desirable. For those into manufacturing and retailing, inventory management is a vital business function that determines their survival, profitability, and competitiveness in the market.There have been devised numerous techniques and … Such control system would be found to be more effective and meaningful. In fact, in the inventory control of spare parts and components it is advisable, for the organization to use a combination of ABC and VED Analysis. With the proper inventory management methods and Materials are in place, and companies enjoy the benefits of strategic cost management. The spares are split into three categories in order of importance. Techniques in Inventory Control. A large amount of capital, if not the majority of a company’s capital is wrapped up in their inventory. An inventory management system is the combination of technology (hardware and software) and processes and procedures that oversee the monitoring and maintenance of stocked products, whether those products are company assets, raw materials and supplies, or finished products ready to be sent to vendors or end consumers. Consumption value is the total value of an item consumed over a specified time period, for example a year. VED Analysis is very useful to categorize items of spare parts and components. Design: Inventory control techniques ABC, VED and ABC-VED matrix analysis were utilized to study the drug expenditure at the health centre. The approach is based on the Pareto principle to help manage what matters and is applied in this context: INTRODUCTION . 1. Medicine Inventory Management by ABC-VED Analysis in the Pharmacy Store of Veterinary Hospital, Yogyakarta, Indonesia: Ida Fitriana, Raden Gagak Donny Satria and Dwi Cahyo Budi Setiawan: Abstract: Background and Objective: A good inventory control will support and accelerate the availability of drug services provided. Inventory management is a humungous task for all business corporations. From the … ABC analysis is the analysis of the store items cost … We use various types of analysis in stores inventory. Inventory management helps with adequate supply change management. The cost incurred is very nominal. ADVERTISEMENTS: VED Analysis, SDE Analysis and FSN Analysis! Such control system would be found to be more effective and meaningful. This analysis relates to the classification of maintenance spare parts and denotes the essentiality of stocking spares. 'E' stands for essential in other words, it can wait for some time. 'V' stands for vital in other words, we have to keep stocks. 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