DEPARTMENT OF MANAGEMENT & COMMERCE “T3 EXAMINATION, MAY-2018” Semester: IV Subject: Material & Inventory Management Branch: HCM Course Type: Soft Time: 3 Hours Max. Marks: 80
Date of Exam: 15/05/2018 Subject Code: MCH242 Session: II Course Nature: Hard Program: BBA Signature: HOD/Associate HOD:
Answer all questions ( 2 marks each ) a) b) c) d) e) f) g) h) i) j)
Name the 4 essential needs for Materials Management. Name the two techniques of Analysis for Right Price. Define “ Inventory “. Define “ Stock “. What do you mean by Inventory Control ? Define “ ABC “ Analysis of Inventory Control. Define “ VED “ Analysis of Inventory Control. Name the two conflicting objectives of Inventory Control. Name at least two costs to be considered in any inventory model. Explain ‘ Understocking ‘ and ‘ Overstocking ‘ Stock. PART-B
Answer any 2 questions ( 15 marks each ) Q2 Q3 Q4
Draw the Materials Management Cycle and explain briefly each step. Explain the Principles of Management. Explain the four costs relevant for consideration in developing an inventory model. PART-C Answer any 2 questions ( 15 marks each )
Q5 Q6 Q7
What are the two traditional types of Inventory Control ? Explain them. Name and explain the following modern techniques for Inventory Control – ABC , VED, SDE, HML, FSN & GOLF Systems. You have been attached to a hospital for last number of months. Explain the Stores Function procedures in detail in your hospital .