Post Graduate Diploma-Post Graduate Diploma Business Management 4th Sem 402 : Inventory Management and Materials Requirement Planning(University of Pune, Pune-2013)

                            P.G.D.B.M. (Semester – IV) Examination, 2013
                   PRODUCTION AND MATERIALS SPECIALIZATION – I (D)
                 402 : Inventory Management and Materials Requirement Planning
                                                     (2008 Pattern) (New)

Time : 3 Hours                                                                      Max. Marks : 70

Instructions:

1) Attempt any five questions.

2) All questions carry equal marks.

 

1. Discuss the nature and importance of inventory for any manufacturing organisation. Also discuss the basic problems faced in inventory control.

 

2. “Competitive advantage and customer satisfaction can be achieved through inventory management”. Explain.

 

3. Discuss basic EOQ model and the quantity discount for EOQ model.

 

4. What is the role of master production schedule, manufacturing resource planning and capacity requirement planning in “Resource Requirement Planning” ?

 

5. Enumerate the various considerations which favour

a) Making-in-house and

b) Outsourcing (or buying)

 

6. What is the role of JIT in product improvement, quality, prices and ability to respond quickly to the market place ?

 

7. Answer (any two) short notes :

a) World class manufacturing system

b) ABC analysis

c) Evaluation of performance of materials function

d) Safety stock.

 

Earning:  ₹ 7.05/-