Question: 19. (a) ABC analysis is a very useful approach for selective inventory control but has some major limitations. Do you agree with this statement? Explain

19.

(a) "ABC analysis is a very useful approach for selective inventory control but has some major limitations."

Do you agree with this statement? Explain how these limitations, if anY, can be overcome.

(b) Explain the concept of the Q-sYstem, the P-sYstem and the Two-Bin system for management of inventories, by giving appropriate examples. (MBA, Delhi, November, 1999)

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