Download GTU (Gujarat Technological University) MBA 2019 Winter 3rd Sem 3539273 Inventory Management Materials Planning And Management Previous Question Paper
Seat No.: ________ Enrolment No.___________
GUJARAT TECHNOLOGICAL UNIVERSITY
MBA - SEMESTER ? III EXAMINATION ? WINTER 2019
Subject Code: 3539273 Date:05-12-2019
Subject Name: Inventory Management, Materials Planning and
Management
Time: 10:30 AM TO 1.30 PM Total Marks: 70
Instructions:
1. Attempt all questions.
2. Make suitable assumptions wherever necessary.
3. Figures to the right indicate full marks.
Q. No. Question Text and Description Marks
Q.1 Briefly explain the following terms
(a) Dependent and Independent demand
(b) Bill of Material (BOM)
(c) Material Requirements Plan (MRP)
(d) Make-to-Stock
(e) Economic Order Quantity (EOQ)
(f) Vendor Managed Inventory (VMI)
(g) Material Requirement Planning (MRP) ? II
14
Q.2 (a) Define Materials management. What is the purpose of materials
management?
07
(b) What are inventories? What are the five costs associated with
inventories?
07
OR
(b) What is the purpose of classifying items into groups, such as the ABC
classification does?
07
Q.3 (a) What is a material requirement plan? What is the relationship between
the MPS and the MRP?
07
(b) To what does ?bill of material structure? refer? Why is it important? 07
OR
Q.3 (a) Discuss the important of Master production schedule in an MRP system. 07
(b) What do you understand by safety stock? How is the optimal level of
safety stock determined?
07
Q.4 (a) Define Just in Time (JIT). Why are supplier relations particularly
important in a JIT environment?
07
(b) Explain various measurements for evaluating the Performance of
Materials Management in brief.
07
OR
Q.4 (a) Explain various measurements for evaluating the performance of
purchasing function in brief.
07
(b) Explain fixed- order quantity model and fixed-time-period model of
Inventory system.
07
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Page 1 of 2
Seat No.: ________ Enrolment No.___________
GUJARAT TECHNOLOGICAL UNIVERSITY
MBA - SEMESTER ? III EXAMINATION ? WINTER 2019
Subject Code: 3539273 Date:05-12-2019
Subject Name: Inventory Management, Materials Planning and
Management
Time: 10:30 AM TO 1.30 PM Total Marks: 70
Instructions:
1. Attempt all questions.
2. Make suitable assumptions wherever necessary.
3. Figures to the right indicate full marks.
Q. No. Question Text and Description Marks
Q.1 Briefly explain the following terms
(a) Dependent and Independent demand
(b) Bill of Material (BOM)
(c) Material Requirements Plan (MRP)
(d) Make-to-Stock
(e) Economic Order Quantity (EOQ)
(f) Vendor Managed Inventory (VMI)
(g) Material Requirement Planning (MRP) ? II
14
Q.2 (a) Define Materials management. What is the purpose of materials
management?
07
(b) What are inventories? What are the five costs associated with
inventories?
07
OR
(b) What is the purpose of classifying items into groups, such as the ABC
classification does?
07
Q.3 (a) What is a material requirement plan? What is the relationship between
the MPS and the MRP?
07
(b) To what does ?bill of material structure? refer? Why is it important? 07
OR
Q.3 (a) Discuss the important of Master production schedule in an MRP system. 07
(b) What do you understand by safety stock? How is the optimal level of
safety stock determined?
07
Q.4 (a) Define Just in Time (JIT). Why are supplier relations particularly
important in a JIT environment?
07
(b) Explain various measurements for evaluating the Performance of
Materials Management in brief.
07
OR
Q.4 (a) Explain various measurements for evaluating the performance of
purchasing function in brief.
07
(b) Explain fixed- order quantity model and fixed-time-period model of
Inventory system.
07
Page 2 of 2
Q.5
CASE STUDY:
TVS Motor Company
TVS Motor Company is the third largest two-wheeler company in India
and is among the top ten in the world. The company exports its vehicle
unassembled to reduce shipping costs. It was facing problems in the
order-fulfillment process. The order fulfillment process was entirely
manual without any controls integrated into the process and the
employees walked through the company?s warehouse fulfilling each
order. The process resulted in missing or mismatched parts, and the
company had to incur extra costs to reship the correct parts. The company
lacked visibility of its picking, packing and shipping processes, and a
large number of employees were required to fulfill orders.
The company has been using SAP ERP, and it decided to customize it to
improve its order fulfillment process. It integrates barcode and wireless
technology with the sales and distribution function of SAP ERP. It
developed a cart that houses a scanner, a barcode printer, and weighing
scale that communicates wirelessly with SAP ERP. Each part?s exact
location is transmitted to the chart, and hence Employees do not waste
time looking for them. Employees do not now count the parts such as
nuts and bolts that are shipped in quantity. The parts are weighted on the
cart?s scale, and when the predetermined weight is reached, a barcode
sticker is generated. SAP ERP also ensures that orders are optimally
packed and arranged in shipping containers to maximize utilization of
space and reduce freight costs. The company was able to eliminate
missing and mismatched part in its export orders, and since SAP ERP
provides full traceability of international shipments, it can address
customer order inquiries quickly. Productivity has improved
dramatically. Earlier an employee walked 9.6kilometers to fulfill 90
orders, but now he has to walk just 40 meters to fulfill the same number
of orders.
(a) What problem did the company face? 07
(b) How did it solve the problem? 07
OR
Q.5 (a) What else could have been done? 07
(b)
Which benefits gained by the company after integrated its control? 07
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This post was last modified on 19 February 2020