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Materials Management
1. Is Dannis Chako justified in eliminating George Machine Company as a supplier of brushes?
2. In what respect is the complaint from George Machine Company justified?
3. Prepare a report for Renuka Thomas explaining the decision to eliminate George Machine company as a supplier. Use quantitative data as much as possible to support your answer?
Q.1) Summarize & Analyse the case with reference to the principles of materials management?
Q.2) How o reduce the inventory of TIL without affecting its operations?
Q.1) Study & Analyze the case with ref to the principles of materials management?
1. List the other items of club scrap (besides old newspapers and magazines) that can be sold. Estimate approximate quantum of income from each head of scrap sale?
2. What should the new secretary do about the sale of scrap?
3. Draft a set of guidelines if Mr. Kavi chooses to regularize the sale of scrap material?
Q.1) Summarize & analyze the case with reference to the principles of material management?
Q.1) Discuss the merits of the proposal of introducing the concept of IMM in HAMCO. Would you agree that the apprehensions of the participants at the meeting were correct? Do you feel that the introduction of IMM would achieve the target of 7.5 per cent of inventory reduction in six months? Give reasons to justify your opinion.
Q.1) Discuss with en or to reduce the lead-time to almost to zero level. This can avoid the situation of the stock outs.
Q.1) Summarize and analyze the above case with reference to the principles of material management?
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.
Material Management
1. What is the need for International Purchase? Discuss the procedure and problems in International Purchase.
2. 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?
3. If you reduce WIP then you expose many organizational bottlenecks." Comment on this statement. Also, state the reasons for your agreement/disagreement.
4. 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?
5. What is the scope of materials management? Define the various roles of materials management in the context of internal and external interfaces to a materials management system.
6. Why is negotiation an important aspect of purchasing? Describe the elements and objectives of negotiation. Also discuss the negotiation process and techniques.
7. Discuss the various losses in warehouses. What are the reasons of their generation? Discuss the procedure of preventing and controlling losses in a warehouse.
8. What are the measures you recommend to maintain inventory security in stores? Discuss in brief the problems and their remedies in case of valuation of finished goods and work-in-process inventory.
Material Management
1. Explain the steps involved in systematic material handling analysis.
2. Explain the different methods of buying goods from abroad.
3. Discuss the criteria to be taken in to account in vendor rating.
4. Discuss the role of information in materials management.
5. Elaborate your understanding regarding analysis of sources of supply and its Evaluation.
1. What do you mean by Material planning ? Explain the factors affecting it.
6. Annual requirement of diesel oil for a power station is 120,000 liters. Purchases are made in bulks of 10,000 liters. The ordering cost is Rs. 37.50 per order and inventory carrying cost is Rs. 0.01 per liter. Find: (a) EPQ Total cost
7. Explain in brief the procedure of purchasing generally followed by an industry.
8. Discuss the role of material handling equipment in reducing the cost of storage and store room operations.
9. (a) Describe codification along with its importance.
10. Explain VED analysis. Write its advantages also.
WE PROVIDE CASE STUDY ANSWERS, ASSIGNMENT SOLUTIONS, PROJECT REPORTS AND THESIS
ARAVIND - 09901366442 – 09902787224
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