Which of the following is a technique for ranking items in a group based on the output of the items?
A)cyclical reordering
B)reorder point analysis
C)EOQ models
D)ABC analysis

Question

Quizplus · Accepted Answer

ABC analysis is a technique for ranking items in a group based on their relative importance. It involves categorizing items into three categories: A (high-value items that require close monitoring and control), B (moderate-value items), and C (low-value items that can be managed with minimal monitoring). This technique helps in identifying which items are critical to the business and should be given more attention and resources.

Which of the Following Is a Technique for Ranking Items