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This particular Assignment references the syllabus chosen for the subject of Operation, for the July 2023 - January 2024 session. The code for the assignment is MS-56 and it is often used by students who are enrolled in the MBA (MS) Degree.
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1. Ethical conduct in purchasing depends, to a large extent, on the local culture to which the purchasing agents and suppliers belong. Get the information related to this aspect in Indian context.
2. Differentiate between independent and dependent demand. Dependent demand inventory items do not need to be forecasted. Why not? Explain with the help of examples.
3. How does JIT differ from MRPII? Briefly discuss the basic requirements and assumptions of JIT implementation.
4. What do you understand by the term codification? What type of information should be built into a code?
5. Write short notes on:
a. EPA
b. Obsolete and scrap
c. Stock verification.
1. Describe the various role of materials management in the context of internal and external interfaces to the materials management system.
2. What do you understand by “Make or Buy decision”? What is the significance of the question “Make or Buy”?
3. Distinguish between production and manufacturing. Describe the various types of industries based on this distinction.
4. Briefly explain the management of spare parts. Also, explain the life cycle of spare parts.
5. Explain why control is needed in Materials Management? Also, write the different types of control needed in materials management.
6. Warehousing system has been divided into three important sub-systems. Name them and briefly explain them.
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