Material Management

Material Management Q1.Explain the steps involved in systematic material handling analysis. Q2.Explain the different methods of buying goods from abroad. Q3.Discuss the criteria to be taken in to account in vendor rating. Q4.Discuss the role of information in materials management. Q5.Elaborate your understanding regarding analysis of sources of supply and its Evaluation. Q6.What do you mean by Material planning ? Explain the factors affecting it.

Q7.Annual requirement of diesel oil for a power station is 120,000 liters. Purchases are made in bulks of 10,000 liters. The ordering cost is Rs per order and inventory carrying cost is Rs per liter. Find: (a) EPQ Total cost Q8.Explain in brief the procedure of purchasing generally followed by an industry. Q9.Discuss the role of material handling equipment in reducing the cost of storage and store room operations. Q10.Describe codification along with its importance. Q11.Explain VED analysis. Write its advantages also.