Question 1: Describe the concept, functions and types of Maintenance Management.
Question 2: Describe the following:
a) Standardization.
b) Codification.
c) Materials Variety Reduction.
Question 3: An item is demanded at the rate of 2000 units per year at a uniform rate. Ordering cost is Rs.350 per order. Inventory carrying cost is 24% of the unit price per year. The supplier has offered a unit price of Rs.100 per item however he is willing to reduce it to Rs.95 per item if a purchase order of 1000 units or more is placed. Should you accept this offer?
Question 4: What are the responsibilities of a purchasing manager? Describe in detail the purchasing process in an organization.
Question 5: A manufacturer of an electronic control system (ECS) for musical appliances uses a non-destructive testing method to assess the quality of ECS. A lot of 100 ECS’s is drawn periodically for testing. After testing, the ECS’s will be categorized as either defective or good depending on the outcome of the test. The given table gives the number of defects for 12 such samples.
Establish a ‘p’ chart for the procedure.
