The most important function of inventory control is
A. Stock control system
B. To run the stores effectively
C. Technical responsibility for the state of materials
D. All of the above
Answer: Option D
Solution(By Examveda Team)
The functions of inventory control are listed below:- To Develop Policies, Plans and Standards Required
- Effective Running of Stores
- Technological Responsibility for the State of Different Materials
- Stock Control System
- To Ensure the Timely Availability
- Maintenance of Specified Input
- Protection of Inventories
Related Questions on Industrial Engineering and Production Management
The essential condition for the decompression of an activity is that
A. The project time should change due to decompression
B. After decompression the time of an activity invariably exceeds its normal time
C. An activity could be decompressed to the maximum extent of its normal time
D. None of the above
A. CAM < DAM
B. CAM > DAM
C. CAM = DAM
D. There is no such criterion
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