Answer Posted / achyut pandey

Basically there are three types of items: 1. Regular moving 2. Slow moving and 3. Obsolete.

Besides industries define sub categories in order to bring focus of inventory management like rarely moving, Non moving depending on their respective usage and inventory size.
We can not classify an item as "Non-Moving" based on a defined period of movement, which is required and has movement in the past and are not obsolete (no more required in any case during the life time of the assets).

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