Inventory management-material management


Question 1:

a) Why it is essential to control the inventories? What are the methods available for Inventory Controls?

b) Write brief notes on:

i) VED classification
ii) FSN classification
iii) SDE classification
iv) HML classification

Question 2:

a) Explain the concept of ‘Economic Order Quantity’. And explain it graphically?

b) Why is safety stocks needed? What are the factors which affect the safety stock?

Question 3:

a) Describe the special inventory management systems and the situation where they are appropriate?

b) Write brief notes on:

i) Imparts stock control.
ii) Two Bin System.

Question 4:

a) Describe the advantage of MRP II? How do we implement MRP II?

b) Differentiate between materials planning process and MRP process? 

Request for Solution File

Ask an Expert for Answer!!
Other Management: Inventory management-material management
Reference No:- TGS03172

Expected delivery within 24 Hours