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Compare and contrast with ABC analysi with FSN analysis

Compare and contrast with ABC analysi with FSN analysis

www.answersheets.in info.answersheets@gmail.com info@answersheets.in 91 95030-94040 Material Management SECTION A- (10X2=20 MARKS) Answer any ten questions. All questions carry equal marks. 1. What is inventory? 2. Define Inventory control? 3. What is inventory carrying cost? 4. What is reorder level? ‘5. What is hand to mouth purchase? 6. What are blanket orders? 7. What is scrap yard? 8. Define Dispatch? 9. Define standardization principle? 10.What is material transfer note? 11.What is time value? 12.What is Quality manual? SECTION B– (2X5=10 MARKS) All questions carry equal marks Write short notes on any four of the following: (a) Integrated Materials Management (b) Problems and risks in vendor networking (c) Manufacturing Resources Planning (MRP II) (d) Use of OR techniques in Materials Management SECTION C– (5X4=20 MARKS) Answer any five questions All questions carry equal marks 1.Explain the objectives of materials management? 2.How will you classify materials in a manufacturing concern?’ 3.How is the reorder point determined? What is the significance of reorder point to the production manager? 4.What assumptions are necessary to use the basic economic order quantity? ‘5.Explain the procedure to be followed to the purchase of a item until the payment of bill. 6.What are the duties and responsibilities of store keeping? 7.explain the functions and role of value analysis? 8.What precautions are to be taken to prevent out break of fire in storehouses? SECTION D- (2X5=10 MARKS) Answer any two questions All questions carry equal marks 1.Compare and contrast with ABC analysi with FSN analysis? 2.Explain the steps involved in systematic material handling analysis. 3.Explain the different methods of buying goods from abroad. 4.Discuss the criteria to be taken in to account in vendor rating. Section E – (5X8=40 MARKS) 1. It the responsibility for maintaining the quality of the product and incurring less cost on its production is the responsibility of the production/operation” and deciding the price of the product and finding the customers that will buy it comes under “marketing”, what does the ‘materials management function” do? 2. What is the need for International Purchase? Discuss the procedure and problems in International Purchase. 3. Differentiate between independent and dependent demand inventory. Dependent demand inventory items do not need to be forecast. Why not? Explain with the help of examples? 4. If you reduce WIP then you expose many organizational bottlenecks.” Comment on this statement. Also, state the reasons for your agreement/disagreement. 5. What are the objectives of codification, standardization and simplification? How does standardization lead to variety reduction? Discuss the advantages and disadvantages of Standardization. 6. Explain how a performance appraisal system can be used in the context of materials management. What are the metrics of performance appraisal in materials management? 7. List the major advantages and short comings of FIFO, LIFO, and Average methods of stores evaluation. Under what conditions are the three inventories flow methods essentially equivalent? www.answersheets.in info.answersheets@gmail.com info@answersheets.in 91 95030-94040

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105 views • 9 slides
Differentiate between independent and dependent demand inventory. Dependent demand inventory items do not need to be for

Differentiate between independent and dependent demand inventory. Dependent demand inventory items do not need to be for

www.answersheets.in info.answersheets@gmail.com info@answersheets.in 91 95030-94040 Material Management SECTION A- (10X2=20 MARKS) Answer any ten questions. All questions carry equal marks. 1. What is inventory? 2. Define Inventory control? 3. What is inventory carrying cost? 4. What is reorder level? ‘5. What is hand to mouth purchase? 6. What are blanket orders? 7. What is scrap yard? 8. Define Dispatch? 9. Define standardization principle? 10.What is material transfer note? 11.What is time value? 12.What is Quality manual? SECTION B– (2X5=10 MARKS) All questions carry equal marks Write short notes on any four of the following: (a) Integrated Materials Management (b) Problems and risks in vendor networking (c) Manufacturing Resources Planning (MRP II) (d) Use of OR techniques in Materials Management SECTION C– (5X4=20 MARKS) Answer any five questions All questions carry equal marks 1.Explain the objectives of materials management? 2.How will you classify materials in a manufacturing concern?’ 3.How is the reorder point determined? What is the significance of reorder point to the production manager? 4.What assumptions are necessary to use the basic economic order quantity? ‘5.Explain the procedure to be followed to the purchase of a item until the payment of bill. 6.What are the duties and responsibilities of store keeping? 7.explain the functions and role of value analysis? 8.What precautions are to be taken to prevent out break of fire in storehouses? SECTION D- (2X5=10 MARKS) Answer any two questions All questions carry equal marks 1.Compare and contrast with ABC analysi with FSN analysis? 2.Explain the steps involved in systematic material handling analysis. 3.Explain the different methods of buying goods from abroad. 4.Discuss the criteria to be taken in to account in vendor rating. Section E – (5X8=40 MARKS) 1. It the responsibility for maintaining the quality of the product and incurring less cost on its production is the responsibility of the production/operation” and deciding the price of the product and finding the customers that will buy it comes under “marketing”, what does the ‘materials management function” do? 2. What is the need for International Purchase? Discuss the procedure and problems in International Purchase. 3. Differentiate between independent and dependent demand inventory. Dependent demand inventory items do not need to be forecast. Why not? Explain with the help of examples? 4. If you reduce WIP then you expose many organizational bottlenecks.” Comment on this statement. Also, state the reasons for your agreement/disagreement. 5. What are the objectives of codification, standardization and simplification? How does standardization lead to variety reduction? Discuss the advantages and disadvantages of Standardization. 6. Explain how a performance appraisal system can be used in the context of materials management. What are the metrics of performance appraisal in materials management? 7. List the major advantages and short comings of FIFO, LIFO, and Average methods of stores evaluation. Under what conditions are the three inventories flow methods essentially equivalent? www.answersheets.in info.answersheets@gmail.com info@answersheets.in 91 95030-94040

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107 views • 9 slides
Discuss the criteria to be taken in to account in vendor rating.

Discuss the criteria to be taken in to account in vendor rating.

www.answersheets.in info.answersheets@gmail.com info@answersheets.in 91 95030-94040 Material Management SECTION A- (10X2=20 MARKS) Answer any ten questions. All questions carry equal marks. 1. What is inventory? 2. Define Inventory control? 3. What is inventory carrying cost? 4. What is reorder level? ‘5. What is hand to mouth purchase? 6. What are blanket orders? 7. What is scrap yard? 8. Define Dispatch? 9. Define standardization principle? 10.What is material transfer note? 11.What is time value? 12.What is Quality manual? SECTION B– (2X5=10 MARKS) All questions carry equal marks Write short notes on any four of the following: (a) Integrated Materials Management (b) Problems and risks in vendor networking (c) Manufacturing Resources Planning (MRP II) (d) Use of OR techniques in Materials Management SECTION C– (5X4=20 MARKS) Answer any five questions All questions carry equal marks 1.Explain the objectives of materials management? 2.How will you classify materials in a manufacturing concern?’ 3.How is the reorder point determined? What is the significance of reorder point to the production manager? 4.What assumptions are necessary to use the basic economic order quantity? ‘5.Explain the procedure to be followed to the purchase of a item until the payment of bill. 6.What are the duties and responsibilities of store keeping? 7.explain the functions and role of value analysis? 8.What precautions are to be taken to prevent out break of fire in storehouses? SECTION D- (2X5=10 MARKS) Answer any two questions All questions carry equal marks 1.Compare and contrast with ABC analysi with FSN analysis? 2.Explain the steps involved in systematic material handling analysis. 3.Explain the different methods of buying goods from abroad. 4.Discuss the criteria to be taken in to account in vendor rating. Section E – (5X8=40 MARKS) 1. It the responsibility for maintaining the quality of the product and incurring less cost on its production is the responsibility of the production/operation” and deciding the price of the product and finding the customers that will buy it comes under “marketing”, what does the ‘materials management function” do? 2. What is the need for International Purchase? Discuss the procedure and problems in International Purchase. 3. Differentiate between independent and dependent demand inventory. Dependent demand inventory items do not need to be forecast. Why not? Explain with the help of examples? 4. If you reduce WIP then you expose many organizational bottlenecks.” Comment on this statement. Also, state the reasons for your agreement/disagreement. 5. What are the objectives of codification, standardization and simplification? How does standardization lead to variety reduction? Discuss the advantages and disadvantages of Standardization. 6. Explain how a performance appraisal system can be used in the context of materials management. What are the metrics of performance appraisal in materials management? 7. List the major advantages and short comings of FIFO, LIFO, and Average methods of stores evaluation. Under what conditions are the three inventories flow methods essentially equivalent? www.answersheets.in info.answersheets@gmail.com info@answersheets.in 91 95030-94040

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112 views • 9 slides
Explain how a performance appraisal system can be used in the context of materials management.

Explain how a performance appraisal system can be used in the context of materials management.

www.answersheets.in info.answersheets@gmail.com info@answersheets.in 91 95030-94040 Material Management SECTION A- (10X2=20 MARKS) Answer any ten questions. All questions carry equal marks. 1. What is inventory? 2. Define Inventory control? 3. What is inventory carrying cost? 4. What is reorder level? ‘5. What is hand to mouth purchase? 6. What are blanket orders? 7. What is scrap yard? 8. Define Dispatch? 9. Define standardization principle? 10.What is material transfer note? 11.What is time value? 12.What is Quality manual? SECTION B– (2X5=10 MARKS) All questions carry equal marks Write short notes on any four of the following: (a) Integrated Materials Management (b) Problems and risks in vendor networking (c) Manufacturing Resources Planning (MRP II) (d) Use of OR techniques in Materials Management SECTION C– (5X4=20 MARKS) Answer any five questions All questions carry equal marks 1.Explain the objectives of materials management? 2.How will you classify materials in a manufacturing concern?’ 3.How is the reorder point determined? What is the significance of reorder point to the production manager? 4.What assumptions are necessary to use the basic economic order quantity? ‘5.Explain the procedure to be followed to the purchase of a item until the payment of bill. 6.What are the duties and responsibilities of store keeping? 7.explain the functions and role of value analysis? 8.What precautions are to be taken to prevent out break of fire in storehouses? SECTION D- (2X5=10 MARKS) Answer any two questions All questions carry equal marks 1.Compare and contrast with ABC analysi with FSN analysis? 2.Explain the steps involved in systematic material handling analysis. 3.Explain the different methods of buying goods from abroad. 4.Discuss the criteria to be taken in to account in vendor rating. Section E – (5X8=40 MARKS) 1. It the responsibility for maintaining the quality of the product and incurring less cost on its production is the responsibility of the production/operation” and deciding the price of the product and finding the customers that will buy it comes under “marketing”, what does the ‘materials management function” do? 2. What is the need for International Purchase? Discuss the procedure and problems in International Purchase. 3. Differentiate between independent and dependent demand inventory. Dependent demand inventory items do not need to be forecast. Why not? Explain with the help of examples? 4. If you reduce WIP then you expose many organizational bottlenecks.” Comment on this statement. Also, state the reasons for your agreement/disagreement. 5. What are the objectives of codification, standardization and simplification? How does standardization lead to variety reduction? Discuss the advantages and disadvantages of Standardization. 6. Explain how a performance appraisal system can be used in the context of materials management. What are the metrics of performance appraisal in materials management? 7. List the major advantages and short comings of FIFO, LIFO, and Average methods of stores evaluation. Under what conditions are the three inventories flow methods essentially equivalent? www.answersheets.in info.answersheets@gmail.com info@answersheets.in 91 95030-94040

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104 views • 9 slides
Explain the different methods of buying goods from abroad.

Explain the different methods of buying goods from abroad.

www.answersheets.in info.answersheets@gmail.com info@answersheets.in 91 95030-94040 Material Management SECTION A- (10X2=20 MARKS) Answer any ten questions. All questions carry equal marks. 1. What is inventory? 2. Define Inventory control? 3. What is inventory carrying cost? 4. What is reorder level? ‘5. What is hand to mouth purchase? 6. What are blanket orders? 7. What is scrap yard? 8. Define Dispatch? 9. Define standardization principle? 10.What is material transfer note? 11.What is time value? 12.What is Quality manual? SECTION B– (2X5=10 MARKS) All questions carry equal marks Write short notes on any four of the following: (a) Integrated Materials Management (b) Problems and risks in vendor networking (c) Manufacturing Resources Planning (MRP II) (d) Use of OR techniques in Materials Management SECTION C– (5X4=20 MARKS) Answer any five questions All questions carry equal marks 1.Explain the objectives of materials management? 2.How will you classify materials in a manufacturing concern?’ 3.How is the reorder point determined? What is the significance of reorder point to the production manager? 4.What assumptions are necessary to use the basic economic order quantity? ‘5.Explain the procedure to be followed to the purchase of a item until the payment of bill. 6.What are the duties and responsibilities of store keeping? 7.explain the functions and role of value analysis? 8.What precautions are to be taken to prevent out break of fire in storehouses? SECTION D- (2X5=10 MARKS) Answer any two questions All questions carry equal marks 1.Compare and contrast with ABC analysi with FSN analysis? 2.Explain the steps involved in systematic material handling analysis. 3.Explain the different methods of buying goods from abroad. 4.Discuss the criteria to be taken in to account in vendor rating. Section E – (5X8=40 MARKS) 1. It the responsibility for maintaining the quality of the product and incurring less cost on its production is the responsibility of the production/operation” and deciding the price of the product and finding the customers that will buy it comes under “marketing”, what does the ‘materials management function” do? 2. What is the need for International Purchase? Discuss the procedure and problems in International Purchase. 3. Differentiate between independent and dependent demand inventory. Dependent demand inventory items do not need to be forecast. Why not? Explain with the help of examples? 4. If you reduce WIP then you expose many organizational bottlenecks.” Comment on this statement. Also, state the reasons for your agreement/disagreement. 5. What are the objectives of codification, standardization and simplification? How does standardization lead to variety reduction? Discuss the advantages and disadvantages of Standardization. 6. Explain how a performance appraisal system can be used in the context of materials management. What are the metrics of performance appraisal in materials management? 7. List the major advantages and short comings of FIFO, LIFO, and Average methods of stores evaluation. Under what conditions are the three inventories flow methods essentially equivalent? www.answersheets.in info.answersheets@gmail.com info@answersheets.in 91 95030-94040

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106 views • 9 slides
explain the functions and role of value analysis

explain the functions and role of value analysis

www.answersheets.in info.answersheets@gmail.com info@answersheets.in 91 95030-94040 Material Management SECTION A- (10X2=20 MARKS) Answer any ten questions. All questions carry equal marks. 1. What is inventory? 2. Define Inventory control? 3. What is inventory carrying cost? 4. What is reorder level? ‘5. What is hand to mouth purchase? 6. What are blanket orders? 7. What is scrap yard? 8. Define Dispatch? 9. Define standardization principle? 10.What is material transfer note? 11.What is time value? 12.What is Quality manual? SECTION B– (2X5=10 MARKS) All questions carry equal marks Write short notes on any four of the following: (a) Integrated Materials Management (b) Problems and risks in vendor networking (c) Manufacturing Resources Planning (MRP II) (d) Use of OR techniques in Materials Management SECTION C– (5X4=20 MARKS) Answer any five questions All questions carry equal marks 1.Explain the objectives of materials management? 2.How will you classify materials in a manufacturing concern?’ 3.How is the reorder point determined? What is the significance of reorder point to the production manager? 4.What assumptions are necessary to use the basic economic order quantity? ‘5.Explain the procedure to be followed to the purchase of a item until the payment of bill. 6.What are the duties and responsibilities of store keeping? 7.explain the functions and role of value analysis? 8.What precautions are to be taken to prevent out break of fire in storehouses? SECTION D- (2X5=10 MARKS) Answer any two questions All questions carry equal marks 1.Compare and contrast with ABC analysi with FSN analysis? 2.Explain the steps involved in systematic material handling analysis. 3.Explain the different methods of buying goods from abroad. 4.Discuss the criteria to be taken in to account in vendor rating. Section E – (5X8=40 MARKS) 1. It the responsibility for maintaining the quality of the product and incurring less cost on its production is the responsibility of the production/operation” and deciding the price of the product and finding the customers that will buy it comes under “marketing”, what does the ‘materials management function” do? 2. What is the need for International Purchase? Discuss the procedure and problems in International Purchase. 3. Differentiate between independent and dependent demand inventory. Dependent demand inventory items do not need to be forecast. Why not? Explain with the help of examples? 4. If you reduce WIP then you expose many organizational bottlenecks.” Comment on this statement. Also, state the reasons for your agreement/disagreement. 5. What are the objectives of codification, standardization and simplification? How does standardization lead to variety reduction? Discuss the advantages and disadvantages of Standardization. 6. Explain how a performance appraisal system can be used in the context of materials management. What are the metrics of performance appraisal in materials management? 7. List the major advantages and short comings of FIFO, LIFO, and Average methods of stores evaluation. Under what conditions are the three inventories flow methods essentially equivalent? www.answersheets.in info.answersheets@gmail.com info@answersheets.in 91 95030-94040

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110 views • 9 slides
Explain the objectives of materials management

Explain the objectives of materials management

www.answersheets.in info.answersheets@gmail.com info@answersheets.in 91 95030-94040 Material Management SECTION A- (10X2=20 MARKS) Answer any ten questions. All questions carry equal marks. 1. What is inventory? 2. Define Inventory control? 3. What is inventory carrying cost? 4. What is reorder level? ‘5. What is hand to mouth purchase? 6. What are blanket orders? 7. What is scrap yard? 8. Define Dispatch? 9. Define standardization principle? 10.What is material transfer note? 11.What is time value? 12.What is Quality manual? SECTION B– (2X5=10 MARKS) All questions carry equal marks Write short notes on any four of the following: (a) Integrated Materials Management (b) Problems and risks in vendor networking (c) Manufacturing Resources Planning (MRP II) (d) Use of OR techniques in Materials Management SECTION C– (5X4=20 MARKS) Answer any five questions All questions carry equal marks 1.Explain the objectives of materials management? 2.How will you classify materials in a manufacturing concern?’ 3.How is the reorder point determined? What is the significance of reorder point to the production manager? 4.What assumptions are necessary to use the basic economic order quantity? ‘5.Explain the procedure to be followed to the purchase of a item until the payment of bill. 6.What are the duties and responsibilities of store keeping? 7.explain the functions and role of value analysis? 8.What precautions are to be taken to prevent out break of fire in storehouses? SECTION D- (2X5=10 MARKS) Answer any two questions All questions carry equal marks 1.Compare and contrast with ABC analysi with FSN analysis? 2.Explain the steps involved in systematic material handling analysis. 3.Explain the different methods of buying goods from abroad. 4.Discuss the criteria to be taken in to account in vendor rating. Section E – (5X8=40 MARKS) 1. It the responsibility for maintaining the quality of the product and incurring less cost on its production is the responsibility of the production/operation” and deciding the price of the product and finding the customers that will buy it comes under “marketing”, what does the ‘materials management function” do? 2. What is the need for International Purchase? Discuss the procedure and problems in International Purchase. 3. Differentiate between independent and dependent demand inventory. Dependent demand inventory items do not need to be forecast. Why not? Explain with the help of examples? 4. If you reduce WIP then you expose many organizational bottlenecks.” Comment on this statement. Also, state the reasons for your agreement/disagreement. 5. What are the objectives of codification, standardization and simplification? How does standardization lead to variety reduction? Discuss the advantages and disadvantages of Standardization. 6. Explain how a performance appraisal system can be used in the context of materials management. What are the metrics of performance appraisal in materials management? 7. List the major advantages and short comings of FIFO, LIFO, and Average methods of stores evaluation. Under what conditions are the three inventories flow methods essentially equivalent? www.answersheets.in info.answersheets@gmail.com info@answersheets.in 91 95030-94040

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104 views • 9 slides
Explain the procedure to be followed to the purchase of a item until the payment of bill.

Explain the procedure to be followed to the purchase of a item until the payment of bill.

www.answersheets.in info.answersheets@gmail.com info@answersheets.in 91 95030-94040 Material Management SECTION A- (10X2=20 MARKS) Answer any ten questions. All questions carry equal marks. 1. What is inventory? 2. Define Inventory control? 3. What is inventory carrying cost? 4. What is reorder level? ‘5. What is hand to mouth purchase? 6. What are blanket orders? 7. What is scrap yard? 8. Define Dispatch? 9. Define standardization principle? 10.What is material transfer note? 11.What is time value? 12.What is Quality manual? SECTION B– (2X5=10 MARKS) All questions carry equal marks Write short notes on any four of the following: (a) Integrated Materials Management (b) Problems and risks in vendor networking (c) Manufacturing Resources Planning (MRP II) (d) Use of OR techniques in Materials Management SECTION C– (5X4=20 MARKS) Answer any five questions All questions carry equal marks 1.Explain the objectives of materials management? 2.How will you classify materials in a manufacturing concern?’ 3.How is the reorder point determined? What is the significance of reorder point to the production manager? 4.What assumptions are necessary to use the basic economic order quantity? ‘5.Explain the procedure to be followed to the purchase of a item until the payment of bill. 6.What are the duties and responsibilities of store keeping? 7.explain the functions and role of value analysis? 8.What precautions are to be taken to prevent out break of fire in storehouses? SECTION D- (2X5=10 MARKS) Answer any two questions All questions carry equal marks 1.Compare and contrast with ABC analysi with FSN analysis? 2.Explain the steps involved in systematic material handling analysis. 3.Explain the different methods of buying goods from abroad. 4.Discuss the criteria to be taken in to account in vendor rating. Section E – (5X8=40 MARKS) 1. It the responsibility for maintaining the quality of the product and incurring less cost on its production is the responsibility of the production/operation” and deciding the price of the product and finding the customers that will buy it comes under “marketing”, what does the ‘materials management function” do? 2. What is the need for International Purchase? Discuss the procedure and problems in International Purchase. 3. Differentiate between independent and dependent demand inventory. Dependent demand inventory items do not need to be forecast. Why not? Explain with the help of examples? 4. If you reduce WIP then you expose many organizational bottlenecks.” Comment on this statement. Also, state the reasons for your agreement/disagreement. 5. What are the objectives of codification, standardization and simplification? How does standardization lead to variety reduction? Discuss the advantages and disadvantages of Standardization. 6. Explain how a performance appraisal system can be used in the context of materials management. What are the metrics of performance appraisal in materials management? 7. List the major advantages and short comings of FIFO, LIFO, and Average methods of stores evaluation. Under what conditions are the three inventories flow methods essentially equivalent? www.answersheets.in info.answersheets@gmail.com info@answersheets.in 91 95030-94040

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109 views • 9 slides
Explain the steps involved in systematic material handling analysis

Explain the steps involved in systematic material handling analysis

www.answersheets.in info.answersheets@gmail.com info@answersheets.in 91 95030-94040 Material Management SECTION A- (10X2=20 MARKS) Answer any ten questions. All questions carry equal marks. 1. What is inventory? 2. Define Inventory control? 3. What is inventory carrying cost? 4. What is reorder level? ‘5. What is hand to mouth purchase? 6. What are blanket orders? 7. What is scrap yard? 8. Define Dispatch? 9. Define standardization principle? 10.What is material transfer note? 11.What is time value? 12.What is Quality manual? SECTION B– (2X5=10 MARKS) All questions carry equal marks Write short notes on any four of the following: (a) Integrated Materials Management (b) Problems and risks in vendor networking (c) Manufacturing Resources Planning (MRP II) (d) Use of OR techniques in Materials Management SECTION C– (5X4=20 MARKS) Answer any five questions All questions carry equal marks 1.Explain the objectives of materials management? 2.How will you classify materials in a manufacturing concern?’ 3.How is the reorder point determined? What is the significance of reorder point to the production manager? 4.What assumptions are necessary to use the basic economic order quantity? ‘5.Explain the procedure to be followed to the purchase of a item until the payment of bill. 6.What are the duties and responsibilities of store keeping? 7.explain the functions and role of value analysis? 8.What precautions are to be taken to prevent out break of fire in storehouses? SECTION D- (2X5=10 MARKS) Answer any two questions All questions carry equal marks 1.Compare and contrast with ABC analysi with FSN analysis? 2.Explain the steps involved in systematic material handling analysis. 3.Explain the different methods of buying goods from abroad. 4.Discuss the criteria to be taken in to account in vendor rating. Section E – (5X8=40 MARKS) 1. It the responsibility for maintaining the quality of the product and incurring less cost on its production is the responsibility of the production/operation” and deciding the price of the product and finding the customers that will buy it comes under “marketing”, what does the ‘materials management function” do? 2. What is the need for International Purchase? Discuss the procedure and problems in International Purchase. 3. Differentiate between independent and dependent demand inventory. Dependent demand inventory items do not need to be forecast. Why not? Explain with the help of examples? 4. If you reduce WIP then you expose many organizational bottlenecks.” Comment on this statement. Also, state the reasons for your agreement/disagreement. 5. What are the objectives of codification, standardization and simplification? How does standardization lead to variety reduction? Discuss the advantages and disadvantages of Standardization. 6. Explain how a performance appraisal system can be used in the context of materials management. What are the metrics of performance appraisal in materials management? 7. List the major advantages and short comings of FIFO, LIFO, and Average methods of stores evaluation. Under what conditions are the three inventories flow methods essentially equivalent? www.answersheets.in info.answersheets@gmail.com info@answersheets.in 91 95030-94040

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130 views • 9 slides
How is the reorder point determined What is the significance of reorder point to the production manager

How is the reorder point determined What is the significance of reorder point to the production manager

www.answersheets.in info.answersheets@gmail.com info@answersheets.in 91 95030-94040 Material Management SECTION A- (10X2=20 MARKS) Answer any ten questions. All questions carry equal marks. 1. What is inventory? 2. Define Inventory control? 3. What is inventory carrying cost? 4. What is reorder level? ‘5. What is hand to mouth purchase? 6. What are blanket orders? 7. What is scrap yard? 8. Define Dispatch? 9. Define standardization principle? 10.What is material transfer note? 11.What is time value? 12.What is Quality manual? SECTION B– (2X5=10 MARKS) All questions carry equal marks Write short notes on any four of the following: (a) Integrated Materials Management (b) Problems and risks in vendor networking (c) Manufacturing Resources Planning (MRP II) (d) Use of OR techniques in Materials Management SECTION C– (5X4=20 MARKS) Answer any five questions All questions carry equal marks 1.Explain the objectives of materials management? 2.How will you classify materials in a manufacturing concern?’ 3.How is the reorder point determined? What is the significance of reorder point to the production manager? 4.What assumptions are necessary to use the basic economic order quantity? ‘5.Explain the procedure to be followed to the purchase of a item until the payment of bill. 6.What are the duties and responsibilities of store keeping? 7.explain the functions and role of value analysis? 8.What precautions are to be taken to prevent out break of fire in storehouses? SECTION D- (2X5=10 MARKS) Answer any two questions All questions carry equal marks 1.Compare and contrast with ABC analysi with FSN analysis? 2.Explain the steps involved in systematic material handling analysis. 3.Explain the different methods of buying goods from abroad. 4.Discuss the criteria to be taken in to account in vendor rating. Section E – (5X8=40 MARKS) 1. It the responsibility for maintaining the quality of the product and incurring less cost on its production is the responsibility of the production/operation” and deciding the price of the product and finding the customers that will buy it comes under “marketing”, what does the ‘materials management function” do? 2. What is the need for International Purchase? Discuss the procedure and problems in International Purchase. 3. Differentiate between independent and dependent demand inventory. Dependent demand inventory items do not need to be forecast. Why not? Explain with the help of examples? 4. If you reduce WIP then you expose many organizational bottlenecks.” Comment on this statement. Also, state the reasons for your agreement/disagreement. 5. What are the objectives of codification, standardization and simplification? How does standardization lead to variety reduction? Discuss the advantages and disadvantages of Standardization. 6. Explain how a performance appraisal system can be used in the context of materials management. What are the metrics of performance appraisal in materials management? 7. List the major advantages and short comings of FIFO, LIFO, and Average methods of stores evaluation. Under what conditions are the three inventories flow methods essentially equivalent? www.answersheets.in info.answersheets@gmail.com info@answersheets.in 91 95030-94040

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110 views • 9 slides
How will you classify materials in a manufacturing concern

How will you classify materials in a manufacturing concern

www.answersheets.in info.answersheets@gmail.com info@answersheets.in 91 95030-94040 Material Management SECTION A- (10X2=20 MARKS) Answer any ten questions. All questions carry equal marks. 1. What is inventory? 2. Define Inventory control? 3. What is inventory carrying cost? 4. What is reorder level? ‘5. What is hand to mouth purchase? 6. What are blanket orders? 7. What is scrap yard? 8. Define Dispatch? 9. Define standardization principle? 10.What is material transfer note? 11.What is time value? 12.What is Quality manual? SECTION B– (2X5=10 MARKS) All questions carry equal marks Write short notes on any four of the following: (a) Integrated Materials Management (b) Problems and risks in vendor networking (c) Manufacturing Resources Planning (MRP II) (d) Use of OR techniques in Materials Management SECTION C– (5X4=20 MARKS) Answer any five questions All questions carry equal marks 1.Explain the objectives of materials management? 2.How will you classify materials in a manufacturing concern?’ 3.How is the reorder point determined? What is the significance of reorder point to the production manager? 4.What assumptions are necessary to use the basic economic order quantity? ‘5.Explain the procedure to be followed to the purchase of a item until the payment of bill. 6.What are the duties and responsibilities of store keeping? 7.explain the functions and role of value analysis? 8.What precautions are to be taken to prevent out break of fire in storehouses? SECTION D- (2X5=10 MARKS) Answer any two questions All questions carry equal marks 1.Compare and contrast with ABC analysi with FSN analysis? 2.Explain the steps involved in systematic material handling analysis. 3.Explain the different methods of buying goods from abroad. 4.Discuss the criteria to be taken in to account in vendor rating. Section E – (5X8=40 MARKS) 1. It the responsibility for maintaining the quality of the product and incurring less cost on its production is the responsibility of the production/operation” and deciding the price of the product and finding the customers that will buy it comes under “marketing”, what does the ‘materials management function” do? 2. What is the need for International Purchase? Discuss the procedure and problems in International Purchase. 3. Differentiate between independent and dependent demand inventory. Dependent demand inventory items do not need to be forecast. Why not? Explain with the help of examples? 4. If you reduce WIP then you expose many organizational bottlenecks.” Comment on this statement. Also, state the reasons for your agreement/disagreement. 5. What are the objectives of codification, standardization and simplification? How does standardization lead to variety reduction? Discuss the advantages and disadvantages of Standardization. 6. Explain how a performance appraisal system can be used in the context of materials management. What are the metrics of performance appraisal in materials management? 7. List the major advantages and short comings of FIFO, LIFO, and Average methods of stores evaluation. Under what conditions are the three inventories flow methods essentially equivalent? www.answersheets.in info.answersheets@gmail.com info@answersheets.in 91 95030-94040

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