Vital essential and desirable analysis is used primarily for the control of spare parts. If this method is applied with care, it ensures considerable reduction in the storage expenses and it is also greatly helpful in preserving costly items. This method is also known as ‘stock control according to value method’, ‘selective value approach’ and ‘proportional parts value approach’. A routine type of care may be taken in the case of third category. This can be referred to as residuary category. group ‘Q’ about 70 to 80% of the items is covered costing about 20% of the total value. Group ‘B’ consists of items which constitutes 20 to 30% of the store items and represent about 30% of the total value of stores.Ī reasonable degree of care may be taken in order to control these items. Group ‘A’ constitutes costly items which may be only 10 to 20% of the total items but account for about 50% of the total value of the stores.Ī greater degree of control is exercised to preserve these items. Under this method materials are classified into three categories in accordance with their respective values. (Always Better Control) method is of immense use. In order to exercise effective control over materials, A.B.C.
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