ABC analysis is closely related to:
A) three-bin analysis.
B) EOQ analysis.
C) repeatability analysis.
D) Pareto analysis.

Question

Quizplus · Accepted Answer

ABC analysis and Pareto analysis are closely related as they both involve ranking items based on their importance or impact. In ABC analysis, items are classified into A, B, or C categories based on their significance to the organization, while in Pareto analysis, items are ranked from highest to lowest based on their contribution to a particular outcome.

ABC Analysis Is Closely Related To