In materials management, ABC analysis is an inventory categorization technique. A-B-C analysis is based on Pareto's principle. ABC analysis divides an inventory into three categories—
"A items" with very tight control and accurate records,
"B items" with less tightly controlled and good records, and
"C items" with the simplest controls possible and minimal records.
97) Which of the following statement is correct ?
Answer is:
A-B-C analysis is based on Pareto's principle.
Explanation:
Related Industrial Engineering MCQ with Answers
Answer is:
travel chart
Answer is:
all of the above
Explanation:
Travel charts are used to
* analyse material handling
* determine inventory control difficulties
* plan material handling procedure and routes
Answer is:
all of these
Explanation:
Operation process chart, Man machine chart, Travel chart are used for plant layout design.
Answer is:
all of the above
Explanation:
The principles of material handling are listed below:
- Keep all the handling to the minimum
- Select only efficient handling equipment
-Move the heaviest weight to the least distance