Perform ABC, Frequency and Lifecycle Classification - Exercises

IMPORTANT
It is extremely important that you set up and work within your own site to maintain your data integrity. If you work within any other site, you will compromise your own exercise data as well as the data of other students. Predictable exercise results require that your data be isolated in your own site.

Required Data

Sales Data

Purpose: The purpose of this exercise is to show you the required data that has to be entered to be able to perform the main exercise below.

  1. Process a large number of customer orders for different parts, and different customers over a period of some months.

No general exercise is available.

Main Exercise

Purpose: The purpose of this exercise is to show you how to use the ABC classification functionality.

Windows:
Inventory Basic Data/ABC Classes
Inventory Basic Data/Asset Class
Site
Aggregate Inventory Transactions per Period
Perform ABC, Frequency and Lifecycle Classification

Since some time has passed since you last analyzed the classification of inventory parts regarding ABC, frequency and lifecycle, it is now time for the periodic review of the assortment. This exercise will show you how to use the ABC classification functionality.

Perform ABC, Frequency and Lifecycle Classification of inventory parts

  1. Open the Inventory Part Basic Data/ABC Classes tab and review the settings.
  2. Use the Aggregate Inventory Transactions per Period
  3. Use the Perform ABC, Frequency and Lifecycle Classification window to initiate the calculations. Use the options of your choice.
  4. Review the results by checking the classifications made on the individual inventory part. To review number of parts etc, use the overview.

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