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    Unit - Iv Materials Management

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    sabha5121021
    The document outlines a syllabus for materials management that includes topics like purchasing, store management, inventory control, Just in Time (JIT), and vendor evaluation. It provides examples of questions at different cognitive levels that cover these topics as well as parts focusing on inventory control techniques, materials planning, and the roles of a purchase manager and storekeeper. The syllabus aims to help students understand and apply key concepts in materials and inventory management.

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    Unit - Iv Materials Management

    Uploaded by

    sabha5121021
    34 views4 pages
    The document outlines a syllabus for materials management that includes topics like purchasing, store management, inventory control, Just in Time (JIT), and vendor evaluation. It provides examples of questions at different cognitive levels that cover these topics as well as parts focusing on inventory control techniques, materials planning, and the roles of a purchase manager and storekeeper. The syllabus aims to help students understand and apply key concepts in materials and inventory management.

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    O-UNIT 4

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    The document outlines a syllabus for materials management that includes topics like purchasing, store management, inventory control, Just in Time (JIT), and vendor evaluation. It provides examples of questions at different cognitive levels that cover these topics as well as parts focusing on inventory control techniques, materials planning, and the roles of a purchase manager and storekeeper. The syllabus aims to help students understand and apply key concepts in materials and inventory management.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    34 views4 pages

    Unit - Iv Materials Management

    Uploaded by

    sabha5121021
    The document outlines a syllabus for materials management that includes topics like purchasing, store management, inventory control, Just in Time (JIT), and vendor evaluation. It provides examples of questions at different cognitive levels that cover these topics as well as parts focusing on inventory control techniques, materials planning, and the roles of a purchase manager and storekeeper. The syllabus aims to help students understand and apply key concepts in materials and inventory management.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 4

    UNIT - IV MATERIALS MANAGEMENT

    SYLLABUS: Materials Management – Objectives, Planning, Budgeting & Control.


    Purchasing – Objectives, Functions, Policies, Vendor Rating & Value Analysis. Store
    Management – Nature, Layout, Classification & Coding. Inventory – Objectives, Costs &
    Control Techniques. Overview of
    JIT
    PART - A
    S.NO QUESTIONS BT LEVEL COMPETENCE
    1 Define Just In Time and list the objectives of JIT. Level 1 Remembering

    2 Explain the purpose of studying materials management. Level 2 Understanding

    3 How would you use VED analysis? Level 3 Applying

    4 Can you list the three vendor rating techniques? Level 4 Analysing

    5 What are the reasons for stocking items in Inventory? Level 5 Evaluating

    6 Explain material planning. Level 6 Creating

    7 How would you explain ‘KANBAN’ in JIT? Level 1 Remembering


    8 What can you say about vendor/performance rating? Level 2 Understanding

    9 How would you apply the steps in lean manufacturing? Level 3 Applying

    10 Why do you think JIT is needed in manufacturing? Level 4 Analysing

    11 List the components of Inventory Carrying Cost? Level 5 Evaluating

    12 What is meant by Store Layout? Level 6 Creating

    13 How would you explain centralized buying? Level 1 Remembering

    14 Explain materials management manual. Level 2 Understanding

    15 How would you use FSN analysis? Level 3 Applying


    What is the relationship between the “push” and “pull”
    16 Level 4 Analysing
    methods of material flow?
    17 Define the term Re order point. Level 1 Remembering

    18 What is meant by ABC analysis? Level 2 Understanding

    19 Define value analysis. Level 1 Remembering

    20 What is meant by Vendor Rating? Level 1 Remembering

    S.NO PART - B QUESTIONS BT LEVEL COMPETENCE

    1 How would you explain inventory control techniques? Level 1 Remembering

    Can you explain the principles and factors affecting


    2 layout of stores? What are the various records used in Level 2 Understanding
    stores?

    How would you use objectives of integrated materials


    3 Level 3 Applying
    management?

    What conclusions can you draw from selective inventory


    4 Level 4 Analysing
    control?

    What are the objectives, functions and policies of


    5 Level 5 Evaluating
    purchasing?

    How could you determine waste in production and what


    6 are the characteristics, basic elements, benefits & Level 6 Creating
    limitations of JIT?
    a) How would you describe the steps involved in value
    7 analysis? Level 1 Remembering
    b) What are the criteria used for selection of vendors?

    a) How would you explain materials management


    8 information systems (MMIS)? Level 2 Understanding
    b) Also explain the functions of MMIS.
    a) What facts would you select to show the
    different motives for holding the inventories
    and also explain
    9 the cost associated with inventories? Level 3 Applying
    b) Can you list and explain the various selective
    inventory control techniques?

    10 Can you explain the vendor rating techniques? Level 4 Analysing

    a) Explain in detail the procedure to carry out Value


    11 Analysis Level 1 Remembering
    b) State the Pros and Cons of Value Analysis

    a) Give a detailed outline on Purchasing procedure


    12 b) Give a brief note on Centralized and Decentralized Level 2 Understanding
    Purchasing
    a) What is selective inventory control?
    13 b) State the procedure applicability and process of Level 4 Analysing
    Selective Inventory Control.
    Briefly enunciate the objectives, nature and importance of
    14 Level 1 Remembering
    Inventory Management with real world example

    PART - C
    S.No Questions
    As a purchase manager of an X company, what factors do you consider to evaluate the
    1 vendors?

    2 When a company has to apply value analysis and how to apply it?

    3 Assume you are a storekeeper of a textile unit. What are your roles and
    responsibilities?

    a) Ashish keeps his inventory in special containers. Each container occupies 10 square feet
    of store space. Only 5,000 square feet of the storage space is available. The annual demand
    for the inventory item is 9,000 containers, priced at rupees 8 per container. The ordering
    cost is estimated at rupees 40 per order and the annual carrying costs amount to 25% of
    4 the inventory value. Would you recommend to Ashish to increase his storage space? If
    so, how much should be the increase? (8 Marks)

    b) A Company uses annually 12,000 units of raw material costing rupees 1.25 per unit.
    Placing each order costs rupee 15 and the carrying cost 15% per year per unit of the
    average inventory, find the economic order quantity. (7 Marks)

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