Examination Paper
5
IIBM Institute of Business
Management
IIBM
Institute of Business Management
Examination
Paper MM.100
Inventory
Management
Section
A: Objective Type (30 marks)
• This section consists of Multiple Choice
questions & Short Answer type questions.
• Answer all the questions.
• Part One questions carries 1 mark each
& Part Two questions carries 5 marks each.
Part
One:
Multiple
Choices:
1. ……………………. is IT tool used
for automation data capture.
2. Stockout Level is also
called the
a. Red Zone
b. Amber Zone
c. Both (a) & (b)
d. None of the above
3. When classified on the
basis of time period, they are
a. Supply forecast
b. Price forecast
c. Demand forecast
d. None of the above
4. The Delphi Method was
developed by the Rand Corporation in the
a. 1980
b. 1970
c. 1950
d. None of the above
5. The BOM file is also
called the
a. Product Structure File
b. Product Tree
c. Both (a) & (b)
d. None of the above
6. What is the meaning of
“Doller Days”.
a. Making money with in area
b. Management of the value of
inventory and time with in area
c. Inventory control
d. Management of time
Examination Paper
6
IIBM Institute of Business
Management
7. Weeks of supply =
……………………………………………..
8. Fastest and Expensive mode
of Transport.
a. Air
b. Rail
c. Water
d. Pipeline
9. ERP systems were developed
in
a. 1998
b. 1990
c. 1980
d. 1987
10. The ABC analysis is also
called the ………………………………
Part
Two:
1. What is “Dependent
Demand”?
2. Write short note on
“Simulation Models”.
3. What is “Time Phasing”.
4. Write short note on “Statistical
Techniques of Forecasting”.
END OF SECTION A
Section
B: Caselets (40 marks)
• This section consists of Caselets.
• Answer all the questions.
• Each caselet carries 20 marks.
• Detailed information should form the part
of your answer (Word limit 200 to 250 words).
Caselet
1
M/s Jyoti Textiles, with four
spinning mills, eighteen cloth cutting centres, sixteen processing
departments and more than 200
machine centres has installed an information system.
The operations are
characterised by a nationwide distribution network. The finished goods moves
through 38 branch offices and
312 authorised distributors all of whom maintain some inventory.
Authorized distributors
generate 37% of the orders but account for only 24% of the sales. Most of
the business is done through
the branch offices.
The product line is large;
products are classified into 175 family groups, representing 12000
finished goods. Approximately
1,500 new items enter the product line annually, and a similar
number are discounted.
Examination Paper
7
IIBM Institute of Business
Management
The 12,000 finished goods
require 25,000 component parts of which 6,600 are carried in
inventory and 18,400 are made
to order. The newly implemented information system already has
paid off substantially and
refinements continue to increase benefits. In the preceding year, M/s Jyoti
Textiles achieved a 60%
customer service level (i.e. 60% of the orders were delivered according to
original customer request,
with no delays or adjustment of dates). Clerical expenses were 36% of the
sales.
The company felt this was not
good enough and wanted to improve the customer service. The
company therefore is thinking
of a highly integrated system.
1. Keeping in mind the
objectives, do you think the company should go in for a highly
integrated system? Support
your answer with reasons.
2. Discuss the relevant
inventory management strategies for the company.
Caselet
2
Advanced Management
University is a large private university teaching a slew of courses and
boasting of a distinguished
faculty. The university believed in Quality Education at any cost.
Recently, Ms Julie Joy took
over as Head of Purchasing and was informed that she would be
responsible for the entire
procurement activity in the university, including its storing, inspection etc.
On the first day, she began a
tour of the campus. She found a sweeper putting used x-rays printed
stationery, bits of metal and
banana peels into a huge dustbin. She was perplexed and wanted to
find out what happens to the
garbage thereafter. She was informed that such garbage bags were kept
in one place and then taken
away by the municipality trucks whenever they came.
It did not take Ms Julie Joy
to realize that there was no salvage program in the university. But she
also realized that being new,
it would be tricky for her to introduce new practices, given that the
faculty were highly egoistic,
though learned. She also had to show clear financial benefits to be
accrued from a program of
garbage recycling/salvage, for approval of any new process by the
management.
1. What arguments are there
in favour of a formal salvage program at Advanced Management
University?
2. What arguments would be
expected against the program?
3. What organisational
structure should Julie Joy install?
4. Develop a salvage program
for Advanced Management University.
END OF SECTION B
Section
C: Applied Theory (30 marks)
• This section consists of Long Questions.
• Answer all the questions.
• Each question carries 15 marks.
• Detailed information should form the part
of your answer (Word limit 150 to 200 words).
Examination Paper
8
IIBM Institute of Business
Management
1. At Ford Motor company,
every car or truck model has its own internal website to track design,
production, quality control
and delivery processes. Suppliers and customers also have access
to the site, and all
concerned are expected to provide full supply chain information. How do
you think this would affect
the life of the middle manager?
2. Give example of some
typical case where inventory management based on unscientific method
could go wrong.
END OF SECTION C
--------------------------------------------------------------
*** -------------------------------------------------------
No comments:
Post a Comment