Solapur University Question Paper
M.B.A. – II (Semester – III) (New) Examination, 2014
Group E : PRODUCTION AND MATERIALS MANAGEMENT (Paper – XIX)
Paper – I : Purchasing and Inventory Management
Day and Date : Saturday, 31-5-2014 Max. Marks : 70
Time : 11.00 a.m. to 2.00 p.m.
Instructions : Question No. 1 is compulsory.
Attempt any two questions from Q. 2, Q. 3 and Q. 4.
Attempt any two questions from Q. 5, Q. 6 and Q. 7.
1. Study the following case carefully and answer the questions given at the end.
Accurate equipments produces a range of health care appliances for hospitals.
The company has a good market share and its products are regarded highly in
the field of health care. The new production manager took charge of the production
unit and decided to take a review of the inventory ordering procedures as part of
his larger plan to reduce inventory costs.
One of the company’s products is a blood pressure testing kit. The company
manufactures all of the components for the kit in-house except for the digital
display unit. The company followed a 5 year old policy of ordering display units
from its supplier digital tools at six week intervals. This ordering system was
being followed at the insistence of the supplier. However the supplier digital tools
was bought out by precise devices a year ago and the new supplier decided to
discontinue the six week ordering requirement policy. Accurate equipments
nonetheless continued with the six week ordering policy.
On further investigation the production manager found out that a cost of
Rs. 1,500/- towards placing order and receiving shipment of the display units
from the supplier was incurred. The finance department informed him that an
additional weekly carrying cost of Rs. 100/- for each display unit was also incurred.
The production manager further found that till date precise devices was a reliable
supplier with orders being received by accurate equipments within 5 working
days after they were faxed to the supplier. He thought of reducing cost.
a) Analyze the case. 5
b) Identify the problem. 2
c) Find out alternative solutions. 5
d) Give the best solution. 2
SLR-XY – 50
2. Write short notes on any 2 : 14
i) Speculative buying
ii) Master production schedule
iii) Purchase cycle.
3. Write short notes on any 2 : 14
i) Vendor rating
ii) Classification of inventory
iii) Objectives of purchasing and inventory management.
4. Write short notes on any 2 : 14
i) Demand forecasting
ii) Purchasing of capital equipment
iii) Negotiation and price determination.
5. What are the major factors influencing make or buy decisions ? How are
decisions of make or buy analyzed ? 14
6. What are the objectives of value analysis ? Explain the various value analysis
techniques used for cost reduction. 14
7. What is meant by stores layout ? Discuss the factors considered while planning
layout of stores. 14
_____________________
M.B.A. – II (Semester – III) (New) Examination, 2014
Group E : PRODUCTION AND MATERIALS MANAGEMENT (Paper – XIX)
Paper – I : Purchasing and Inventory Management
Day and Date : Saturday, 31-5-2014 Max. Marks : 70
Time : 11.00 a.m. to 2.00 p.m.
Instructions : Question No. 1 is compulsory.
Attempt any two questions from Q. 2, Q. 3 and Q. 4.
Attempt any two questions from Q. 5, Q. 6 and Q. 7.
1. Study the following case carefully and answer the questions given at the end.
Accurate equipments produces a range of health care appliances for hospitals.
The company has a good market share and its products are regarded highly in
the field of health care. The new production manager took charge of the production
unit and decided to take a review of the inventory ordering procedures as part of
his larger plan to reduce inventory costs.
One of the company’s products is a blood pressure testing kit. The company
manufactures all of the components for the kit in-house except for the digital
display unit. The company followed a 5 year old policy of ordering display units
from its supplier digital tools at six week intervals. This ordering system was
being followed at the insistence of the supplier. However the supplier digital tools
was bought out by precise devices a year ago and the new supplier decided to
discontinue the six week ordering requirement policy. Accurate equipments
nonetheless continued with the six week ordering policy.
On further investigation the production manager found out that a cost of
Rs. 1,500/- towards placing order and receiving shipment of the display units
from the supplier was incurred. The finance department informed him that an
additional weekly carrying cost of Rs. 100/- for each display unit was also incurred.
The production manager further found that till date precise devices was a reliable
supplier with orders being received by accurate equipments within 5 working
days after they were faxed to the supplier. He thought of reducing cost.
a) Analyze the case. 5
b) Identify the problem. 2
c) Find out alternative solutions. 5
d) Give the best solution. 2
SLR-XY – 50
2. Write short notes on any 2 : 14
i) Speculative buying
ii) Master production schedule
iii) Purchase cycle.
3. Write short notes on any 2 : 14
i) Vendor rating
ii) Classification of inventory
iii) Objectives of purchasing and inventory management.
4. Write short notes on any 2 : 14
i) Demand forecasting
ii) Purchasing of capital equipment
iii) Negotiation and price determination.
5. What are the major factors influencing make or buy decisions ? How are
decisions of make or buy analyzed ? 14
6. What are the objectives of value analysis ? Explain the various value analysis
techniques used for cost reduction. 14
7. What is meant by stores layout ? Discuss the factors considered while planning
layout of stores. 14
_____________________
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