Which stock location method involves assigning a permanent location for an item?

The method that involves assigning a permanent location for an item is fixed-location storage. This approach ensures that each item is stored in a designated, consistent spot within a warehouse or storage facility. By establishing a permanent location for each item, inventory management becomes more efficient, as workers can easily locate and retrieve items without having to search through variable storage areas. Fixed-location storage is particularly beneficial for items that are used frequently or in larger quantities, as it minimizes the time spent searching for them.

In contrast, random-location storage assigns items to different locations based on the availability of space, which adds flexibility but can make locating items more time-consuming. ABC classification is a method used for categorizing inventory based on value and turnover rates, rather than determining physical storage locations. Grouping functionally related items involves placing similar items together for easier access and organization, but it does not necessarily equate to assigning a permanent location for each individual item.