Which of the following is a technique for ranking items in a group based on the value, activity, sales, or other relevant metric for the items?
A) cyclical reordering
B) reorder point analysis
C) EOQ models
D) ABC analysis

Question

Quizplus · Accepted Answer

ABC analysis is a technique commonly used in inventory management to rank items in a group based on their value, activity, sales, or other relevant metric. This helps organizations to prioritize their inventory management efforts and allocate resources more effectively. Cyclical reordering, reorder point analysis, and EOQ models are other inventory management techniques but do not involve ranking items based on metrics.

Which of the Following Is a Technique for Ranking Items