Module 3 materials management
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The document is an assignment guide for students focusing on materials management and inventory control, consisting of several questions worth 100 marks. It covers objectives and functions of materials management, inventory control techniques, equipment procurement, VED analysis, and maintenance budgets. Additionally, it includes multiple choice, true or false, and fill-in-the-blank questions related to the subjects discussed.
Module 3 materials management
- 1. Dear students get fully solved assignments Send your semester & Specialization name to our mail id : help.mbaassignments@gmail.com or call us at : 08263069601 5. Assignments STUDENT HANDBOOK (PGDHHM) Module 3 Materials Management Total: 100 Marks Answer the following questions. Each question carries 20 marks. Question. 1. Enumerate objectives and functions of material management and describe newer concepts used in materials management. Answer: Materials Management: (i) ‘Materials Management’ is a term used to connote “controlling the kind, amount, location, movement and timing of various commodities used in production by industrial enterprises”. (ii) Materials Management is the planning, directing, controlling and coordinating those activities whichare concernedwithmaterialsandinventoryrequirements,fromthe pointof theirinceptionto their introduction into the manufacturing process. It Question. 2. What is inventory control? Describe functions and techniques of inventory control. Answer: Inventory control or stock control can be broadly defined as "the activity of checking a shop’s stock". More specifically inventory control may refer to: In operations management, logistics and supply chain management, the technological system and the programmed software necessary for managing inventory In economics and operations management
- 2. Question. 3. Describe Equipment procurement. Discuss condemnation and disposal procedures. Answer: The life cycle of equipmentisfairlysimple,butone processthatseemstocause problemsis deciding when to condemn and how to dispose of equipment. Whenlookingatcondemnationanddisposal,the engineerincharge of the department should have the experience,knowledge,andauthoritytodecide whenapiece of equipment should be scrapped and removed from use. The reasons for condemning equipment will usually be: Question. 4. Write short notes on. (any two) a. VED analysis Answer: VEDAnalysisattemptstoclassifythe itemsusedintothree broad categories, namely Vital, Essential,andDesirable.The analysisclassifies items on the basis of their criticality for the industry or company. Vital: Vital category items are those items without which the production activities or any other activity of the company, would come to a halt, or at least be drastically affected. b. Maintenance budget Answer: The budget of a maintenance department should consist of at least four headings: labor, materials,toolsandresourcesandcontractedservices.Of course, there may be subheadings, other divisions, etc, but divide it into these four can be simple and practical. 1. MANPOWER Personnel costs are the sum of five concepts c. EDO Answer: Question. 5. A) Multiple Choice Questions
- 3. a. The material management has following functions except: i. Procurement and purchase procedure including setting quality standards. ii. Accountancy and audit of inventory iii. Procuring material at highest cost iv. Scheduling of purchase Answer: ii. Question. b. Temperature required to be maintained at cold storage is: 2°C - 1 0°C 15°C-25°C - 18°C 2°C - 10°C Answer: Question. c. Analysis based on “quantity and rate of consumption of items” is known as i. HML analysis ii. FSN analysis iii. SDE analysis iv. ABC analysis Answer: Question. d. Maintenance and repair would include following: i. Master maintenance plan ii. Preventive maintenance iii. Repair of equipment iv. All of the above
- 4. Answer: Question. e. “ABC analysis" is the analysis of items which is based on: i. Criticality of the items in relation to the functioning of the hospital. ii. Cost criteria iii. Availability of items iv. Cost per item per unit. Answer: Question. f. Economic Order Quantity (EOQ) is: i. ii. iii. iv. Answer: i. Question. g. The hospital has varied types of stores which can be: i. General stores ii. Medical stores iii. Kitchen store
- 5. iv. All of the above Answer Question. B) Write ‘True or False‘ in front of respective sentence Question. a. Generally in most of the hospitals in lndia the medical equipment is in a satisfactory state Answer: Question. b. Letter of credit is a document in which exporter‘s bank essentially promises to pay the importer if the exporter does not pay. Answer: Question. C) Fills in the blanks Question. a. Proper maintenance of ....................... is essential for the proper functioning of Equipment Audit Committee. Answer: Dear students get fully solved assignments Send your semester & Specialization name to our mail id : help.mbaassignments@gmail.com or call us at : 08263069601