Blmt 343:Inventory Management Question Paper
Blmt 343:Inventory Management
Course:Bachelor Of Science In Information Science
Institution: Kenya Methodist University question papers
Exam Year:2011
INVENTORY MANAGEMENT (BLMT 343) 2nd Trimester 2011
FACULTY : COMPUTING AND INFORMATICS
DEPARTMENT : INFORMATION SCIENCE
TIME : 2 HOURS
INSTRUCTIONS Answer THREE Questions in Section A and TWO Questions in Section B
SECTION A
Question 1
Briefly discuss any FOUR objectives of inventory management. (10marks)
Question 2
Explain the following terminologies as used in inventory management.
a) Inventory holding point
b) Consolidation centre
c) Cross-dock centre
d) Trans-shipment point
e) Returned goods centre (10marks)
Question 3
a) Explain the importance of inventory management in logistics. (4marks)
b) Briefly discuss any FOUR classifications of warehouses. (8marks)
Question 4
a) List FOUR types of inventory. (4marks)
b) There are a number of stock types that can be found in supply chains. Explain ANY TWO types of stock holding/ inventory. (6marks)
SECTION B
Question 5
Using examples discuss the role of warehouses in inventory management. (20marks)
Question 6
a) Discuss the element of ‘lead time’ as applied in inventory management. (4marks)
b) Discuss the FOUR principal elements of inventory holding cost. (16marks)
Question 7
Discuss the importance of inventory management in the provision of information services. (20marks)
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