ENTREPRENEURSHIP

Detailed explanation-1: -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.

Detailed explanation-2: -Slow-moving items are goods or products with a low turnover rate and are stored in the warehouse for much longer period. Due to the slowness in selling the goods, the slow-moving items are store or take space for long.

Detailed explanation-3: -Also known as the FSN analysis, Fast moving, the slow-moving and non-moving inventory method is about segregating products based on their consumption rate, quantity, and the rate at which the inventory is used.