If you reduce WIP then you expose many organizational bottle

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Material Management

1. What is the need for International Purchase? Discuss the procedure and
problems in International Purchase.
2. Differentiate between independent and dependent demand inventory. Dependent
demand inventory items do not need to be forecast. Why not? Explain with the
help of examples?
3. If you reduce WIP then you expose many organizational bottlenecks." Comment
on this statement. Also, state the reasons for your agreement/disagreement.
4. Explain how a performance appraisal system can be used in the context of
materials management. What are the metrics of performance appraisal in
materials management?
5. What is the scope of materials management? Define the various roles of materials
management in the context of internal and external interfaces to a materials
management system.
6. Why is negotiation an important aspect of purchasing? Describe the elements and
objectives of negotiation. Also discuss the negotiation process and techniques.
7. Discuss the various losses in warehouses. What are the reasons of their
generation? Discuss the procedure of preventing and controlling losses in a
warehouse.
8. What are the measures you recommend to maintain inventory security in stores?
Discuss in brief the problems and their remedies in case of valuation of finished
goods and work-in-process inventory.