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Compare and contrast with ABC analysi with FSN analysis

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Title: Compare and contrast with ABC analysi with FSN analysis


1
  • Material Management
  • info_at_answersheets.in
  • 91 95030-94040

2
  • Material Management
  •  
  • SECTION A- (10X220 MARKS)
  • Answer any ten questions.
  • All questions carry equal marks.
  • Q1. What is inventory?
  • Q2. Define Inventory control?
  • Q3. What is inventory carrying cost?
  • Q4. What is reorder level?
  • Q5. What is hand to mouth purchase?

3
  • Q6. What are blanket orders?
  • Q7. What is scrap yard?
  • Q8. Define Dispatch?
  • Q9. Define standardization principle?
  • Q10. What is material transfer note?
  • Q11. What is time value?
  • Q12. What is Quality manual?

4
  • SECTION B (2X510 MARKS)
  • All questions carry equal marks
  • Q1. 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 (5X420 MARKS)
  • Answer any five questions
  • All questions carry equal marks
  • Q1.Explain the objectives of materials
    management?
  • Q2.How will you classify materials in a
    manufacturing concern?

5
  • Q3.How is the reorder point determined? What is
    the significance of reorder point to the
    production manager?
  • Q4.What assumptions are necessary to use the
    basic economic order quantity?
  • Q5.Explain the procedure to be followed to the
    purchase of a item until the payment of bill.
  • Q6.What are the duties and responsibilities of
    store keeping?
  • Q7.explain the functions and role of value
    analysis?
  • Q8.What precautions are to be taken to prevent
    out break of fire in storehouses?

6
  • SECTION D- (2X510 MARKS)
  • Answer any two questions
  • All questions carry equal marks
  • Q1.Compare and contrast with ABC analysi with FSN
    analysis?
  • Q2.Explain the steps involved in systematic
    material handling analysis.
  • Q3.Explain the different methods of buying goods
    from abroad.
  • Q4.Discuss the criteria to be taken in to account
    in vendor rating.

7
  • Section E  (5X840 MARKS)
  • Q1. 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?
  • Q2 . What is the need for International Purchase?
    Discuss the procedure and problems in
    International Purchase.
  • Q3. 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?

8
  • Q4. If you reduce WIP then you expose many
    organizational bottlenecks. Comment on this
    statement. Also, state the reasons for your
    agreement/disagreement.
  • Q5. What are the objectives of codification,
    standardization and simplification? How does
    standardization lead to variety reduction?
    Discuss the advantages and disadvantages of
    Standardization.
  • Q6. 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?
  • Q7. 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?

9
  • www.answersheets.in
  • info.answersheets_at_gmail.com
  • info_at_answersheets.in
  • 91 95030-94040
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