{"id":45811,"date":"2024-04-15T22:03:23","date_gmt":"2024-04-15T22:03:23","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=45811"},"modified":"2024-04-15T22:03:23","modified_gmt":"2024-04-15T22:03:23","slug":"which-of-the-following-technique-of-inventory-control-is-specially-designed-to-have-better-control-on-investment-and-cost","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/which-of-the-following-technique-of-inventory-control-is-specially-designed-to-have-better-control-on-investment-and-cost\/","title":{"rendered":"Which of the following technique of inventory control is specially designed to have better control on investment and cost:"},"content":{"rendered":"<p>[amp_mcq option1=&#8221;ABC Analysis&#8221; option2=&#8221;VED Analysis&#8221; option3=&#8221;SDE Analysis&#8221; option4=&#8221;GOLF Analysis&#8221; correct=&#8221;option1&#8243;]<!--more--><\/p>\n<p>The correct answer is A. ABC Analysis.<\/p>\n<p>ABC Analysis is a method of inventory control in which items are classified into three categories (A, B, and C) based on their value. Items in category A are the most valuable and require the most attention, while items in category C are the least valuable and require the least attention. This allows businesses to focus their resources on the items that are most important to their bottom line.<\/p>\n<p>VED Analysis is a method of inventory control in which items are classified into three categories (V, E, and D) based on their value, urgency, and criticality. Items in category V are the most valuable and urgent, while items in category D are the least valuable and critical. This allows businesses to prioritize their inventory and ensure that the most important items are always available.<\/p>\n<p>SDE Analysis is a method of inventory control in which items are classified into three categories (S, D, and E) based on their storage, demand, and economic order quantity. Items in category S require the most storage space, while items in category E have the lowest economic order quantity. This allows businesses to optimize their inventory storage and ordering costs.<\/p>\n<p>GOLF Analysis is a method of inventory control in which items are classified into three categories (G, O, and L) based on their growth, obsolescence, and life cycle. Items in category G are the fastest growing, while items in category L have the shortest life cycle. This allows businesses to manage their inventory in a way that minimizes obsolescence and maximizes sales.<\/p>\n<p>In conclusion, ABC Analysis is the best technique of inventory control for businesses that want to have better control on investment and cost.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[amp_mcq option1=&#8221;ABC Analysis&#8221; option2=&#8221;VED Analysis&#8221; option3=&#8221;SDE Analysis&#8221; option4=&#8221;GOLF Analysis&#8221; correct=&#8221;option1&#8243;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[952],"tags":[],"class_list":["post-45811","post","type-post","status-publish","format-standard","hentry","category-costing","no-featured-image-padding"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.2 (Yoast SEO v23.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Which of the following technique of inventory control is specially designed to have better control on investment and cost:<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/exam.pscnotes.com\/mcq\/which-of-the-following-technique-of-inventory-control-is-specially-designed-to-have-better-control-on-investment-and-cost\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Which of the following technique of inventory control is specially designed to have better control on investment and cost:\" \/>\n<meta property=\"og:description\" content=\"[amp_mcq option1=&#8221;ABC Analysis&#8221; 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