Hps2212:Inventory Management Question Paper
Hps2212:Inventory Management
Course:Bachelor Of Commerce
Institution: Meru University Of Science And Technology question papers
Exam Year:2013
QUESTION ONE – (30 MARKS)
(a) Explain the benefits that could accrue to an organization that applies J.I.T in its materials management. (8 Marks) (b) Discuss the characteristics of a good material coding system. (6 Marks) (c) What factors should an organization put into consideration in setting up inventory levels? (8 Marks) (d) Keeping excessive inventory in an organization is as expensive as running out of stock. Explain. (8 Marks)
QUESTION TWO – (20 MARKS)
Assume you have been appointed the stores manager in a newly established business enterprise. Explain the role you would be expected to play in that capacity. (20 Marks)
QUESTION THREE – (20 MARKS)
(a) Explain the importance of warehousing in inventory management. (10 Marks) (b) Discuss the key factors that should be considered in setting up a good stores lay out. (10 Marks)
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QUESTION FOUR – (20 MARKS)
(a) Explain the importance of standardization and variety reduction in inventory management. (8 Marks) (b) During stock taking it is advisable to close the stores operations and involve some non staff members in carrying out the exercise. Explain. (12 Marks)
QUESTION FIVE – (20 MARKS)
(a) Explain the possible causes of material deterioration in organizations. (6 Marks) (b) Many business organizations, both public and private have suffered materials. In your personal opinion highlight the possible causes of such problems. As an inventory manager what measures would you recommend to resolve such problems? (14 Marks)
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