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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 the key duties of a stores manager ( 6 Marks) b. Explain the relationship between the stores department and user departments (6 Marks) c. What are the characteristic of good coding systems (6 Marks) d. Explain the importance of keeping an updated stores records (6 Marks) e. Explain the advantages of operating a centrally located warehouse (6 Marks)
QUESTION TWO (20 MARKS)
a. Explain the concept of JIT highlight its advantages and disadvantages in inventory management (12 Marks) b. How dopes MRI PI differ with MRPII in inventory planning ( 8 Marks)
QUESTION THREE (20 MARKS)
a. Explain the role of coding I inventory management ( 10 Marks) b. Highlight the benefit and limitation of applying e-procurement in inventory management (10 Marks)
QUESTION FOUR (20 MARKS)
a. Assume you have been called upon to advise the management of a newly established business enterprise on the setting of a good stores layout. what factors should you put into consideration ( 12 Marks) b. Non- standard products and systems are said to be problematic .explain (8 Marks)
2
QUESTION FIVE (20 MARKS)
a. What are the possible causes of inventory deterioration in stores management (10 Marks) b. What methods would you recommend for the disposed do obsolute products and why (10 Marks

Hps2212:Inventory Management Question Paper

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