Question

VED analysis of inventory control stands for:

• A. Value, Engineering and Desirable
• B. Value, Essential and Desirable
• C. Vital, Essential and Desirable
• D. Value, Essential and Demand

Answer 1

Answer:

C. Vital, Essential and Desirable

VED analysis of inventory control categorizes items into three groups based on their importance and criticality. One of the given options correctly identifies these three categories. Understanding VED analysis helps in prioritizing inventory management efforts effectively.