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Hps2212:Inventory Management Question Paper

Hps2212:Inventory Management

Course:Bachelor Of Commerce

Institution: Meru University Of Science And Technology question papers

Exam Year:2011

QUESTION ONE (30 MARKS)
(a) Discuss the concept of the following inventory control technique and explain how each enhances inventory control management. (i) MRP II (2 Marks) (ii) ERP (2 Marks) (iii) Bar Coding (2 Marks) (iv) JIT (2 Marks) (v) ABC Analysis (2 Marks) (b) Discuss the concept of inventory rationalization and illustrate how the concept impacts the management inventory. (10 Marks) (c) Discuss vividly the main categories of material handling equipment and give examples of each category. (five examples of each category). (5 Marks) (d) Overstocking and under stocking of inventory is not economical for business. Discuss the statement and suggests any two inventory technique which may be employed to manage stocks overstocking and under-stocking. (5 Marks)
QUESTION TWO (20 MARKS)
(a) Discuss the impact of demand forecasting in inventory management. (10 Marks) (b) Discuss various importance of an ideal warehouse layout. (10 Marks)
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QUESTION THREE (20 MARKS)
Discuss the concept of supply chain management illustrating how the concept has enhanced organizational growth. (20 Marks)
QUESTION FOUR (20 MARKS)
(a) Discuss the following terms as used in inventory management. (i) Stock check (2 Marks) (ii) Stock taking (2 Marks) (iii)Variety reduction of inventory (2 Marks) (iv) Inventory standardization (2 Marks) (v) Stocks records (2 Marks) (b) Discuss any five reasons why organization may hold stocks. (10 Marks)
QUESTION FIVE (20 MARKS)
(a) Discuss the concept of inventory coding and explain any five characteristics of codes. (10 Marks) (b) Discuss the importance of perpetual stock checking. (5 Marks) (c) Discuss the difference between the approach of the two bin system and bin cards as a tool of inventory control. (5 Marks)

Hps2212:Inventory Management Question Paper

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