Download GTU MBA 2019 Summer 4th Sem 3549973 Inventory Management Material Planning And Management Question Paper

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Seat No.: Enrolment No.

GUJARAT TECHNOLOGICAL UNIVERSITY

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MBA (PART TIME) - SEMESTER 4 - EXAMINATION — SUMMER 2019
Subject Code: 3549973 Date:08/05/2019
Subject Name: Inventory Management, Material Planning and Management
Time: 10:30 AM To 01:30 PM Total Marks: 70

Instructions:

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1. Attempt all questions.
2. Make suitable assumptions wherever necessary.
3. Figures to the right indicate full marks.

Q.1 Briefly discuss the following: 14

1. (a) Types of Inventory

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2. (b) Safety stock
3. (c) Master Production Schedule
4. (d) MRP II
5. (e) Work in progress inventory
6. (f) Service level in inventory

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7. (g) Importance of Coding in materials management

Q.2 (a) What do you understand by materials management? Discuss various 07
aspects of material management.

(b) Discuss ABC analysis for inventory management. 07

OR

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(b) Depict your understanding for strategic inventory management. 07

Q.3 (a) As a director of the firm, how can you evaluate the performance of 07
purchasing management?

(b) A company has many distribution centers for selling its product in the 07
targeted area. What are the ways by which it can manage the inventory at

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multiple locations?

OR

Q.3 (a) Inventory is not permanent stock of the company. It gets change over the 07
period of time. How a company can update its inventory records?

(b) Write a note on Vendor Managed Inventory (VMI)? 07

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Q4 Case Study 14

A small pen manufacturing company employs 50 employees and operates
in Changodar near Ahmedabad. It is handled by Sharma family and
working very well in Gujarat market. Top management recently hired an
MBA candidate for better management of the firm. Due to this, some old

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employees at middle level are unhappy. Top management always found
difference of opinion regarding the management decisions.

But within six months’ time period, the revenue showed an increasing
trend and the company is planning for expansion purpose. Also, firm is facing problem in getting the same
opinion from all the management level employees. The Sharma family

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decided for the expansion and they are ready to handle the increased
business. If they start operations at new place it is also a question of
human resource management and raw material management.

The firm wants management consultation for such issues. Based on this
situation, summarize the case and answer the following questions

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assuming yourself as management consultant:

a. How the firm will deal with disputes among the employees after
hiring new employee? Give some real-life solutions.

b. If the firm expand its operation, what are the issues faced? What
are the ways by which the firm deal with the expansion process?

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OR

a. Help the firm in location selection in Saurashtra region. Discuss
various criteria in selection process.

b. According to you the firm should go in Saurashtra region or it has
to expand in the same region at Changodar near Ahmedabad?

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Support your answer with valid reasons.

Case Study 14

A large automobile manufacturing company decided to have their
new manufacturing plant at West Bengal state of India with an
intention of manufacturing the lowest cost car, making it affordable

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for everyone. Project execution team of the company started setting
up manufacturing facilities on war footing basis and almost after
50% work was done and 60% time was consumed, due to the
political and legal environment of the business, Car company had
to stop the execution of the project.

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After some time as a part of conflict resolution mechanism, both the
government officials and company authorities came to the conclusion
that project will not be able to take shape at this state and will not get
executed further on that land.

After loosing sizable time and resources, company decided to shift the

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manufacturing facility to another state (Gujarat). After doing so, the
major challenge company’s board of director were facing that of
having-production started on planned date as it was earlier and to do
so, how to expedite project of setting up manufacturing process.

The other major challenge was, as sizable resources (capital mainly)

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were lost the process, Producing the car at the lowest cost was another
major challenge they were facing.

Another challenge for the company officials was to maintain the
consistency in quality — in spite of expediting manufacturing plant
execution process and dropping the cost at every stage. It is not easy

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for the top management to take decision.

Based on this information answer the following questions:

a) What are the various challenges top management is facing in shifting
plant from West Bengal to Gujarat?

b) Due to the new location, how the company will manage the customers

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and suppliers of raw materials?

OR

a) The transportation cost is an important aspect in plant location.
According to you, will the company be able to manage this issue?
Justify your answer

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b) If you are appointed as an inventory manager, which techniques of
inventory management will you adopt and why? Support your answer
with proper justification.