hml and two bin

1. SUB TO-
Ms. NEHA THAKUR
ASST PROFFESOR
JMIT RADOUR
SUB BY-
GULSHAN KUMAR
2016012,MBA 1ST

2. HIGH MEDIUM LOW

3.  TheHigh, medium and Low (HML)
classification follows the same procedure as is
adopted in ABC classification.
 Only difference is that in (HML) High, Medium
and low, the classification unit value is the
criterion and not the annual consumption value.
 The items of inventory should be listed in the
descending order of unit value and it is up to the
management to fix limits for three categories.

4.  For example,
 The management may decide:
 All units with unit value of Rs. 2000 and
above will be H items,
 Rs.1000 to 2000 will be M items
 and less than Rs.1000 will be L items.
unit value 2000 + 1000-2000 0-1000
CATOGARY HIGH MEDIUM LOW

5.  Determine the frequency of stock verification.
 To keep control over the consumption at the
department level.
 To evolve buying policy, to control purchase.
 To delegate the authority to different buyer.

6.  keeping control over consumption at
departmental levels,
 for deciding the frequency of physical
verification and
 *for controlling purchases.

9.  ATwo-bin inventory control is
an inventory control system used to monitor
the quantity of an item left behind.The two-
bin inventory control method is mainly used
for small or low value items.

10.  Two bin systems area unit common on
assembly and moving producing lines
wherever elements area unit added to the
merchandise or item being designed.
 The 2 bin system is simply like its name
suggests, it's composed of 2 bins that area
unit filled with elements or materials to start
out.

11.  CHEAP SYSTEM.
 THE MINIMAL CHANCE OF STOCK OUT.
 EASYTO APPLY.

12.  We must of more quantity of stock when
needed.
 Its not recommended for expencive product.
 Its not recommended for product with short
life.