June, 2011
Ms-56 : Materials Management
1. (a) Material Flow and Information Flows are equally important in the materials flow process. Why ?
(b) How can an organization achieve competitive advantage using information as a key driver in the organization ?
2. (a) Why is "approved list of vendors" approach is not a suitable purchase policy in certain cases ? Explain.
(b) How is the performance of purchasing function dependent on supplier development ? Illustrate.
3. (a) Dependent demand inventory items do not need to be forecast. Why ? Explain.
(b) How does Just-In Time (JIT) approach differ from Manufacturing Resources Planning (MRP II) ?
4. (a) What are the cost elements in ordering costs, carrying costs and shortage costs ?
(b) CONWIP is considered applicable to production environment characterized by longer set - ups and fluctuating demand. Why ?
5. (a) What do you understand by the term codification ? What type of information should be built into a code ?
(b) Discuss the incoming material receiving procedures and systems.
6. (a) What does it mean when we say a firm has organized according to the materials management concept ?
(b) Explain the SCOR framework for performance appraisal and discuss how is it useful in material management ?
