ABC Classification Parameter (ABCP)

ABC Classification Parameter (ABCP) is used to set management parameters (for example, forecast methods, order quantity method) for stock items with similar management needs. ABC classifications are used to group these items. For example, expensive items may be in one ABC classification while inexpensive items are in another.


Agency	Key field. Enter the agency that is managing this stock group.
ABC Classification	Key field. Enter the unique code for the logical grouping as defined by the inventory management.
Description	Required. Enter up to 20 characters of text describing this ABC classification.
Safety Stock Factor	Required. Enter a number equal to or greater than zero. This factor is the level at which you must place an order to avoid stock outs. This field implies two decimal places; for example, 1.00 is entered as 100 .
Forecast Method	Default is Seasonal [S] . Select the method that best suits your forecasting needs. Valid values are: Seasonal [S] Nonseasonal/Regular [N] Manual Setting [M]
Number of Months	Defaults to 0 . If Forecast Method is Manual Setting [M] , enter the number of months to use for calculations in forecasting.
Order Quantity Method	Defaults to EOQ [E] . Valid values are: EOQ [E] Order up to [O] Manual [M]
Lead Time Adjustment	Default is 0 . Enter the number of days added to the purchasing lead time. This entry is used to compute reorder levels and amounts.
EOQ Order Cost	Defaults to 0.00 . Required only if the Order Quantity Method is EOQ [E] . Enter the cost of placing an order for this item.
EOQ Carry Percentage	Conditional. Required only if the Order Quantity Method is EOQ [E] . Enter the percentage carrying cost for this commodity.