CS/BSCM/SEM-5/BSCM-504/2011-12
2011
INVENTORY MANAGEMENT
Time Allotted : 3 Hours Full Marks : 70
The figures in the margin indicate full marks.
Candidates are required to give their answers in their own words
as far as practicable.
GROUP – A
( Objective Type Questions )
1. Write True or False for the following : 10 × 1 = 10
i) JIT is the most advanced type of inventory control.
ii) Scrap is a useful inventory.
iii) ABC analysis is based on the criticality of the item.
iv) The ideal situation is to work with minimum inventory
without any production interruption.
v) Inventory control is an SCM function.
vi) Cotton waste is an MRO inventory.
vii) Travelling and purchase follow up expenses are part of
inventory carrying cost.
viii) In the two-bin system, order is placed for replenishment
as soon as the first bin is empty.
ix) Finished goods inventories are built up for the errors
caused by demand forecasting.
x) SMED technique is applied for quick set up of machine.
GROUP – B
( Short Answer Type Questions )
Answer any three of the following 3 × 5 = 15
2. Define the concept and scope of JIT.
3. How do you explain the relation between EOQ and Inventory