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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) Explain five benefits of standardizing products in an organization. (6 Marks) b) Highlight the advantages of applying E-inventory management. (6 Marks) c) Mr. Munene paid a total of Ksh2 Million for materials purchased by LG organization during the year 2010. Highlight the costs that constituted the total cost. (6 Marks) d) What benefits would accrue to an organization that applies JIT delivery of materials. (6 Marks) e) What are the advantages of product coding (6 Marks)
QUESTION TWO (20 MARKS) a) Explain how an organization would estimate the material required for a specified period of time. (10 Marks) b) What are the characteristics of a good coding method. (10 Marks)
QUESTION THREE (20 MARKS)
a) Explain the benefits of maintaining updated stores records. (12 Marks) b) Discuss the relationship between MRP and MRP II . (8 Marks )
QUESTION FOUR (20 MARKS)
a) What are the possible causes of materials obsolescence in an organization (10 Marks) b) Explain the key factors that should be considered in setting up a good stores layout. (10 Marks)
QUESTION FIVE (20 MARKS)
a) Explain the importance of warehousing in inventory management. (10 Marks) b) It has become a common practice to do stocktaking at the end of every financial year in business organizations. Explain its importance. (10 Marks)

Hps2212:Inventory Management Question Paper

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