Define materials management.
[3 marks]Discuss the role of materials management in modern industry.
[4 marks]Discuss Make or buy decision in light of purchasing management.
[7 marks]What do you understand by sub-contracting?
[3 marks]Describe importance of surplus and scrap management.
[4 marks]Explain materials requirement planning.
[7 marks]Write note on Types of Purchasing Systems.
What is meant by purchase order?
[3 marks]Discuss principles of good stores layout.
[4 marks]Describe the procedure for disposing the surplus and obsolete items.
[7 marks]What are the various records maintained in the stores.
[3 marks]Discuss Two-bin system of inventory control.
[4 marks]Explain how to evaluate suppliers' efficiency.
[7 marks]What do you understand by materials research?
[3 marks]Explain codification with illustration.
[4 marks]Bring out the main points of difference between ordering cost and inventory carrying cost.
[7 marks]What is Vendor rating?
[3 marks]Discuss ABC analysis.
[4 marks]Discuss codification as a principle requirement of storekeeping. Discuss various popular codification methods.
[7 marks]What is inventory control?
[3 marks]Discuss principles of buffer stocking.
[4 marks]1000 ml bottles are used for certain tablets and powders. Annual requirements are 6,00,000 and unit price is Rs.12. The cost of holding stock is 15% per annum and Ordering cost is Rs.6. Find: (i) EOQ (ii) No. of orders to be placed in a year.
[7 marks]What do you understand by materials research?
[3 marks]Explain fixed order quantity system.
[4 marks]Discuss role and scope of materials control function in a foundry.
[7 marks]