Consumption groups

What is meant by Consumption groups?

The term "consumption groups" refers to the classification of materials, resources, or products based on their consumption behavior or usage within a company. These groups enable similar items to be categorized and managed more efficiently in terms of consumption, inventory, and reordering. Consumption groups are often used in the context of materials management and inventory control.

Typical software functions in the area of "consumption groups":

1. Grouping by Consumption: Automatic assignment of items to consumption groups based on their consumption patterns, such as A, B, or C goods.
2. Demand Forecasting: Creating consumption forecasts based on historical data for the respective consumption group.
3. Inventory Monitoring: Automated monitoring of stock levels for consumption groups to ensure timely reordering.
4. Order Suggestions: Generation of order suggestions based on consumption in the various groups.
5. Reporting: Detailed reports on consumption and inventory levels for the different consumption groups to support planning and decision-making.
6. Inventory Optimization: Optimization of inventory management based on the consumption behavior of individual groups.
7. Cost Analysis: Analysis of costs associated with the various consumption groups to identify potential savings.

Examples of "consumption groups":

1. A-goods: Items with high consumption and high value that need close monitoring.
2. B-goods: Items with medium consumption and medium value.
3. C-goods: Items with low consumption and low value that require less frequent checking.
4. Consumables: Items that are regularly used, such as office supplies or production materials.
5. Spare Parts: Parts regularly reordered to keep machines running.