Material Management - What Is Reorder Level

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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...