IMT 89 Material Requirement and Planning M1

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IMT 89 Material Requirement and Planning M1

PART-A

 

Q1. Explain various functions under Materials Management Function.

Q2. Explain the importance of Materials Planning. What are the advantages of good Materials planning?

Q3. What is the Materials research? How can it improve materials planning?

Q4. What are the sources from which we could collect information about Materials Management Research?

Q5. How can computers help in improving Materials Planning Activities?

PART -B

Q1. Standardization is key to effective Planning of Materials? Critically examine the statement giving examples.

Q2. Explain different classification of materials from inventory point of view. What is Music 3D and how does it help in materials planning?

Q3. Differentiate P and Q systems of Inventory Planning.

Q4. How will you plan differently for materials being purchased from international sources and domestic sources?

Q5. What are the essential features of square parts material planning?

PART-C

Q1. What is MRP? How does it work for planning of materials?

Q2. What is lot sizing? Explain different methods of Lot Sizing.

Q3. Materials planning is key to ensure good financial discipline. Critically examine the statement giving examples.

Q4. What are the different ordering systems and how can they influence the material requirement and planning?

Q5. How will you evaluate Material requirement and planning system of an organization? What are the key performance indicators?

CASE STUDY-1

Complete the MRP schedule for the following part:

Lot size 2000+

Lead time 1 week

On Hand 1300

Safety Stock 400

 

Gross Requirement 1100 700 1500 900 1850 1400

Scheduled receipts 2000

CASE STUDY-2

Visit an organization and study and write their material planning process. How do they plan for various categories of material? What are the difficulties they face in planning?

Make a brief report on the same.

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