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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) Highlight the distinct types of inventories in a manufacturing firm. (5 marks)
(b) Explain the key parameters used to measure inventory management performance. (6 marks)
(c) Discuss the advantages of standardization in an organization. (5 marks)
(d) nentory control is a springoard in perfection of organisation’s efficiency and profitability. In line with this observation discuss the main inventory control techniques in an organization. (14 marks)
QUESTION TWO – (20 MARKS)
a) Define the term inventory planning. (2 marks)
b) Explain the major objectives of material requirement planning. (8 marks)
c) State the key reasons for keeping inventory in an organization. (10 marks)

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QUESTION THREE – (20 MARKS)
(a) Identify the main advantages of a coding system. (8 marks)
(b) Discuss the prime methods used in a manufacturing firm to mitigate escalation of carrying stocks. (12 marks)
QUESTION FOUR – (20 MARKS)
(a) State the main objectives of a good stores layout. (5 marks)
(b) Explain the methods of coding materials. (10 marks)
(c) Assume that you have been appointed as a stores keeper in manufacturing organization in Nairobi. Establish the viable ways and means to dispose redundant materials in the organization. (5 marks)
QUESTION FIVE – (20 MARKS)
Write short notes on the following terms that are conspicuous in inventory management.
(a) Obsolete stock. (5 marks) (b) Materials handling (5 marks) (c) Enterprise resource planning (5 marks) (d) Just in time (5 marks)

Hps2212:Inventory Management Question Paper

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