________ is a formal means to distinguish between random and nonrandom variations in an operations process.
A)Stockout cost
B)Shrinkage cost
C)Carrying cost
D)Static inventory method
E)Statistical quality control (SQC)

Question

Quizplus · Accepted Answer

Statistical quality control (SQC) is a formal means to distinguish between random and nonrandom variations in an operations process. It involves using statistical techniques to analyze data and identify patterns or trends that may indicate problems or areas for improvement in the process. By separating random and nonrandom variations, SQC can help managers identify the sources of variability in a process and take appropriate corrective actions. A, B, C, and D are not related to distinguishing between random and nonrandom variations.

________ Is a Formal Means to Distinguish Between Random and Nonrandom