Explain the objectives of materials management?

XIBMS – Material Management XIBMS – Material Management 1. What is inventory? 2. Define Inventory control? 3. What is inventory carrying cost? 4. What is reorder level? 5. What is hand to mouth purchase? 6. What are blanket orders? 7. What is scrap yard? 8. Define Dispatch? 9. Define standardization principle? 10.What is material transfer note? 11.What is time value? 12.What is Quality manual? SECTION B– (2X5=10 MARKS) All questions carry equal marks Write short notes on any  four of the following: (a) Integrated Materials Management (b) Problems and risks in vendor networking (c) Manufacturing Resources Planning (MRP II) (d) Use of OR techniques in Materials Management SECTION C– (5X4=20 MARKS) Answer any five questions All questions carry equal marks 1.Explain the objectives of materials management? 2.How will you classify materials in a manufacturing concern? 3.How is the reorder point determined? What is the significance of reorder point to the production manager? 4.What assumptions are necessary to use the basic economic order quantity? 5.Explain the procedure to be followed to the purchase of a item until the payment of bill. 6.What are the duties and responsibilities of store keeping? 7.explain the functions and role of value analysis? 8.What precautions are to be taken to prevent out break of fire in storehouses? SECTION D- (2X5=10 MARKS) Answer any two questions All questions carry equal marks 1.Compare and contrast with ABC analysi with FSN analysis? 2.Explain the steps involved in systematic material handling analysis. 3.Explain the different methods of buying goods from abroad. 4.Discuss the criteria to be taken in to account in vendor rating. Section E – (5X8=40 MARKS) It the responsibility for maintaining the quality of the product and incurring less cost on its production is the responsibility of the production/operation” and deciding the price of the product and finding the customers that will buy it comes under “marketing”, what does the ‘materials management function” do? What is the need for International Purchase? Discuss the procedure and problems in International Purchase. Differentiate between independent and dependent demand inventory. Dependent demand inventory items do not need to be forecast. Why not? Explain with the help of examples? If you reduce WIP then you expose many organizational bottlenecks.” Comment on this statement. Also, state the reasons for your agreement/disagreement. What are the objectives of codification, standardization and simplification? How does standardization lead to variety reduction? Discuss the advantages and disadvantages of Standardization. Explain how a performance appraisal system can be used in the context of materials management. What are the metrics of performance appraisal in materials management? List the major advantages and short comings of FIFO, LIFO, and Average methods of stores evaluation. Under what conditions are the three inventories flow methods essentially equivalent?   XIBMS – Material Management XIBMS Institute XIBMS Answer sheets, academic support XIBMS assignment help, student assistance XIBMS Institute solutions Xavier mba answer sheets Xibms mba case study answers Xibms case study answers Xavier emba answer sheets Xavier emba case study papers Xibms gms answer sheets Xavier gms case study papers Xavier advance diploma answer sheets Xibms advance diploma case study answer sheets Xibms dms case study answers Xavier dms case study papers At Global Study Solutions, we take immense pride in our ability to offer specialized support to students pursuing various programs at XIBMS Institute (Xavier Institute of Business Management Studies). Our dedicated team comprises experienced professionals who excel in crafting precise and well-researched solutions for assignments and case studies across different disciplines and courses. Our commitment to aiding students in achieving academic success aligns perfectly with the educational standards upheld by XIBMS Institute (Xavier Institute of Business Management Studies). We understand the importance of delivering high-quality, customized solutions that meet the unique requirements of assignments and case studies within the institute\’s curriculum. Whether in MBA, EMBA, GMS, DMS, or any other programs offered at XIBMS Institute (Xavier Institute of Business Management Studies), our team is equipped to provide expert guidance and meticulously crafted solutions. We prioritize accuracy, originality, and timely delivery, ensuring students receive the necessary assistance to excel academically. We are dedicated to fostering an environment of academic excellence and providing dependable support to the esteemed students of XIBMS Institute (Xavier Institute of Business Management Studies). XIBMS Answer Sheets Customized Answer Solutions MBA Assignment Solutions EMBA Case Study Solutions GMS Answer Sheets DMS Assignment Help Professional Writing Assistance Tailored Academic Solutions Specialized XIBMS Support Academic Writing Services Reliable XIBMS Assistance Get expert assistance with your XIBMS Institute (Xavier Institute of Business Management Studies) assignments and answer sheets from our professional academic writing services. Our team specializes in supporting students with XIBMS Institute (Xavier Institute of Business Management Studies) coursework, ensuring top-notch answer sheets and comprehensive solutions. Ace, with our tailored assistance, your XIBMS Institute exams, offering precise guidance and accurate answer sheet preparation. Seeking reliable help for your XIBMS Institute studies? Trust our academic writing services for meticulously crafted answer sheets and exceptional support. Score high in your XIBMS Institute (Xavier Institute of Business Management Studies) assessments by availing our expert aid in preparing comprehensive and well-structured answer sheets.   XIBMS Project Report Writing Services XAVIER Customized Project Reports XIBMS Institute Project Support XIBMS Professional Project Report Assistance Quality Project Documentation XIBMS Expert Project Report Writers Comprehensive Project Analysis Structured Project Report Services XAVIER Detailed Project Documentation XIBMS Project Evaluation Support Custom Project Report Formats XAVIER Project Research and Analysis MBA/EMBA/GMS/DMS Project Reports   XIBMS Institute (Xavier Institute of Business Management Studies) assignments, solved papers, and study materials are available through our academic writing services. Seeking assistance with XIBMS Institute coursework? Our professional team delivers accurate and timely solutions for all your academic needs. Our specialized academic writing support simplifies access to XIBMS Institute (Xavier Institute of Business Management Studies) question papers and model answers. Need expert guidance for your XIBMS Institute assessments? Our service offers comprehensive solutions for students seeking assistance. Our academic writing services ensure precise and high-quality answers for XIBMS Institute assignments, aiding students in their educational journey.   Academic writing professionals play a crucial role in assisting students with their university