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MATERIALS
MANAGEMENT
1. What do you understand from
integrated materials management? What are the obstacles encountered to make
this approach effective?
2. Name the industry and the
products for which materials requirement planning technique would be suitable
than economic order quantities and explain why?
3. What do you understand from
Materials Requirement Planning (MRP)? What are its advantages over conventional
tools of inventory planning? Which types of industries have use of this
technique ?
4. Why should purchase department
participate in product development ? Explain to what extent it is practiced in
Indian Industry ?
5. Describe the procedure to be
followed for the purchase of an item until payment of the bill. Indicate the
controls involved.
6. What are blanket orders ? What
are their salient features ? For what type of items is this method of buying
suitable ?
7. How will you organize buying of seasonal commodities?
Explain giving examples ?
8. How does “Buying under risk”
differ from “Buying under uncertainty” ? Give a comparative analysis of the two
methods ?
9. What are the responsibilities
of receiving stores ? What are the different types of materials received in the
organization ?
10. What is pallet ? What are the
different types of pallets used in the industry? Describe in brief the
advantages of palletisation ?
11. Define logistics management.
Explain briefly the benefits that can accrue to the organization from the
successful implementation of the concept ?
12. How does an effective system of electronic data
processing help in materials management?
13. What do you understand from classification of
materials ? why is it done ?
14. What are the different methods of codification
of items ? Explain them briefly ?
15. Discuss in details how standardization can
assist management in any four of the following :
a)
Better inventory
control
b)
Reduction in
manufacturing cost.
c)
Quality improvement
d)
Minimization of
obsolete and dormant stock
e)
Economics in
purchasing
f)
Better stores
management
16. What is meant by selective
control of inventories ? What different methods are used for selective control
of inventory items ?
17. “ABC analysis indicates selective control of
inventories” Discuss.
18. What is the importance of EOQ
in inventory control ? what are the limitations of EOQ concept ?
19. “Best buying results when
annual procurement cost equals annual inventory carrying cost” Discuss ?
20. “Long
term contracts with staggered deliveries are better than frequent orderings for
A and B class of items.” Discuss.
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