Economics · Operations Management
Match List I with List II regarding inventory control methods and descriptions: List I (Methods of Inventory Control): (A) JIT system (B) ABC Analysis (C) FSND Analysis (D) VED Analysis List II (Explanation): (I) Divides inventory items based on their movement rate or consumption velocity (Fast, Slow, Normal, Dead). (II) Divides items based on their structural criticality to the production process (Vital, Essential, Desirable). (III) Material arrives at manufacturing sites just a few hours before it is scheduled to be put to use. (IV) Items are classified and prioritized primarily based on the monetary value of their usage. Choose the correct matching option from those given below:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1(A) - (I), (B) - (II), (C) - (III), (D) - (IV)
- 2(A) - (II), (B) - (III), (C) - (IV), (D) - (I)
- 3(A) - (III), (B) - (IV), (C) - (I), (D) - (II)✓
- 4(A) - (IV), (B) - (III), (C) - (II), (D) - (I)
Correct answer
(A) - (III), (B) - (IV), (C) - (I), (D) - (II)
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