Under which of the following plan the analyst lays down a minimum and maximum quantity for each stock item keeping in view its usage, requirements and margin of safety required to minimize risk of stock outs?

Q. Under which of the following plan the analyst lays down a minimum and maximum quantity for each stock item keeping in view its usage, requirements and margin of safety required to minimize risk of stock outs?

A.            ABC plan

B.            Two-bin system

C.            Order cycling systems

D.            Min-Max plan

Answer: Min-Max plan