VED Analysis For Spare Parts

The VED analysis is used generally for spare parts. The requirement and urgency of spare parts is different from that of materials. A-B-C analysis may not be properly used for spare parts. The demand for spares depends upon the performance of the plant and machinery. Spare parts are classified as: Vital (V), Essential (E) and Desirable (D). The vital spares are a must for running the concern smoothly and these must be stored adequately. The non-availability of vital spares will cause havoc in the concern. The E types of spares are also necessary but their stocks may be kept at low figures. The stocking of D types of spares may be avoided at times. If the lead time of these spares is less, then stocking of these spares can be avoided.

The classification

The procurement of inventory is totally depends on order/demand. In first step they get the order from customer then they write a form that form called indent form by hand writing.

After getting order they will send the order to purchase department for buying of Raw

Material and Packaging material. Every time that causes the delay of delivery of goods to the customer. After receiving the raw materials from supplier they check the quality, because quality

is more important for them. In whole production process 4-5 times they will check the quality and after that quality check seal on

First In First Out (FIFO) means first order should deliver first and after that continue process. It is good way of delivery that make the customer satisfied. Every inspection about available stock is on SAP every one can know how much stock is available, and how much order should be placed. For every order they keep the numbers for identification.

Warehouse arrangement

There is separate warehouse for keeping the different types of inventory like

Raw material, packaging material, semi finished good and finished good. Raw materials includes the perfumery liquid, arranging of these things they have rack and rack numbers, and unique code number for each and every liquid for identification. For talcum powder raw material are the talc powder which they kept in plastic bags in production unit itself.

Packaging material include box, cap color, neck etc. which require after filling the product in bottles. Finished goods and packaging material they are keeping in same warehouse left side finished good and right side packaging material. Finished good order wise and packaging material how to find easily.

Each and every data maintained in systems so it is very easy to get the information.

SCOPE OF