Which of the following systems manages inventories based on the total value of their usage per unit of time?
A) The process control chart system
B) The ABC classification system
C) The material requirements planning system
D) The master schedule push system
E) The economic order quantity system

Question

Quizplus · Accepted Answer

The ABC classification system manages inventories based on the total value of their usage per unit of time, categorizing inventory items into three classes (A, B, and C) with A being the most valuable items. This helps in focusing efforts on the most critical items in the inventory.

Which of the Following Systems Manages Inventories Based on the Total