In materials management, ABC analysis is an inventory categorization technique. ABC analysis divides an inventory into three categories—
"A items" with very tight control and accurate records,
"B items" with less tightly controlled and good records, and
"C items" with the simplest controls possible and minimal records.
74) A-B-C analysis is used in
Answer is:
Inventory control
Explanation:
Related Industrial Engineering MCQ with Answers
Answer is:
all of the above
Explanation:
The functions of inventory control are listed below:
- To Develop Policies, Plans and Standards Required
- Effective Running of Stores
- Technological Responsibility for the State of Different Materials
- Stock Control System
-To Ensure the Timely Availability
-Maintenance of Specified Input
-Protection of Inventories
Answer is:
C
Explanation:
In materials management, ABC analysis is an inventory categorization technique. ABC analysis divides an inventory into three categories—
"A items" with very tight control and accurate records,
"B items" with less tightly controlled and good records, and
"C items" with the simplest controls possible and minimal records.
Answer is:
minimum value
Explanation:
In perpetual inventory control, the material is checked as it reaches its Minimum value