Perform ABC, Frequency and Lifecycle Classification
Explanation
This activity is used to calculate and update ABC, frequency and lifecycle
classification of inventory parts. Use Perform ABC,
Frequency and Lifecycle Classification page to perform the classification.
Prerequisites
- Inventory part statistics should be updated to ensure that latest data
is available.
- At least one full period of inventory transaction must have been aggregated
into periods - open periods is not included in the classification.
System Effects
- ABC, frequency and lifecycle classifications have been updated on each
inventory part for the site(s). Note that classification could be done per
asset class and therefore the number of periods could be fetched from
the asset classes.
- When performing demand deviation analysis it will: Exclude customer
order lines set as abnormal demand, include imported daily issues, it will
inherit transaction history to parts that replace (supersede) another inventory
part.