June, 2010
Ms-56 : Materials Management
1 (a) Discuss the value added activities included in Materials Logistics Management (MLM) program. Also discuss briefly the various interfaces that MLM covers.
(b) What are the objectives of Materials Management ? Discuss its advantages.
2. (a) Discuss the role of information in materials management.
(b) Elaborate your understanding regarding analysis of sources of supply and its evaluation.
3. (a) How are foreign suppliers selected ? Briefly discuss about the various documents for international purchasing.
(b) Why has management of supplier network become a contemporary and critical issue ?
What are the basic objectives of such a network ?
4.(a) Discuss the important policies that a company is required to use to foster good buyer - seller relationships.
(b) Explain with the help of schematic flow diagram the required activities of manufacturing planning and control system.
5.(a) Elaborate your understanding about Materials Requirement Planning (MRP).
(b) Define Work-in-process (WIP) inventory. Discuss various methods for controlling WIP inventory.
6. Answer any two from the following :
(a) Discuss the various losses in warehouses. Suggest the methods for its prevention.
(b) Explain briefly various approaches for performance appraisal in Materials management.
(c) Discuss various techniques of vendor rating.
