Question

ABC analysis is used in

• A. Production schedule
• B. Simulation
• C. Job analysis
• D. Inventory control

Answer 1

Answer:

D. Inventory control

ABC analysis is a technique often applied in managing inventory. It classifies items into three categories (A, B, and C) based on their importance, which helps in prioritizing the management efforts on the most critical items. This method is particularly useful in optimizing stock levels and ensuring efficient resource allocation.