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MS
– 56: Materials Management
1. Ethical conduct in purchasing depends,
to a large extent, on the local culture to which the purchasing agents and
suppliers belong. Get the information related to this aspect in Indian context.
2. Differentiate between independent and
dependent demand. Dependent demand inventory items do not need to be
forecasted. Why not? Explain with the help of examples.
3. How does JIT differ from MRPII?
Briefly discuss the basic requirements and assumptions of JIT implementation.
4. What do you understand by the term
codification? What type of information should be built into a code?
5. Write short notes on:
a. EPA
b. Obsolete and scrap
c. Stock verification
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