Question 1: If the responsibility for maintaining the quality of the product and incurring less cost on its production is the responsibility of the production or operation and deciding the price of the product and finding out the customers that will buy it comes under marketing. What do the materials management function does?
Question 2: How does JIT distinct from MRPII? In brief discuss the fundamental requirements and assumptions of JIT implementation.
Question 3: What do you understand by the term codification? What kind of information must be built into a code?
Question 4: Distinguish between:
a) Purchasing and subcontracting.
b) Independent and dependent demand.
c) Competitive Bidding and Negotiation.