MATERIALS MANAGEMENT

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MATERIALS MANAGEMENT

Total: 100 Marks

Instructions : Answer any 5 questions. Each question carries 20 Marks.

1. Define Materials Management, its Objectives & Functions.

Answer  :  Material management is an approach for planning, organizing, and controlling all those activities principally concerned with the flow of materials into an organisation.

  

The scope of Materials Management varies greatly from company to company and may include material planning and control, production planning, Purchasing, inventory control, in-plant materials movement, and waste management.

It is a business function for planning, purchasing, moving, storing material in a optimum way which help organisation to minimise the various costs like inventory, purchasing, material handling and distribution costs.

Objectives :

2. What are the various factors which determine inventory policy?

Answer  : An inventory policy is a standard set of rules/boundaries and guidelines that provide the framework for an organisation to make better informed and timely decisions on which stock to purchase or manufacture, how much stock to purchase or manufacture and where to store and distribute to customers.

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In the absence of any product knowledge or planning parameters such as lead-time, safety stocks, etc a stock policy must be applied and monitored regularly against future demand. By measuring the variability between forecast demand and historical  sales data by month, businesses will then be able to implement the right planning parameter settings and improve their level investment in stock. Several stocking policies can be implemented

3. Define inventory control, aims, functions and explain the types of inventory costs.

Answer  : According to Gordon Carson,

"Inventory control is the process whereby the investment in materials and parts carried in stocks is regulated, within pre-determined limits set in accordance with the inventory policy established by the management."

Ø  Aims of inventory control :

Avoid Stock-Outs

4. What are the various steps of procurement of equipment & need assessment?

Answer  : Procurement is the acquisition of goods, services or works from an external source. It is favourable that the goods, services or works are appropriate and that they are procured at the best possible cost to meet the needs of the purchaser in terms of quality and quantity, time, and location. Corporations and public bodies often define processes intended to promote fair and open competition for their business while minimizing exposure to fraud and collusion.

Steps of procurement of equipment :

1.Study the application very carefully (the job, it's size, it's shape, it's handling, method of presentation on the machine/ equipment etc). Total range of above must be brought out

2. Analysis of data on advantage of combining operations or doing the operations at different work stations need be done

Tentative specification values need to be frozen

Survey to be done in market for availability of nearest

5. Discuss in detail condemnation and disposal procedures in a General Hospital.

Answer  : Medical waste can sometimes contain infectious pathogens that can be dangerous to hospital workers and, to a lesser degree, the general public.

History

Hospitals, doctors, labs and other sectors of the medical industry have always generated waste. Before 1988, medical waste was not regulated. In some cases, it was incinerated. In other cases, it was thrown out with normal garbage. After medical waste washed up on a number of U.S. beaches, Congress enacted the Medical Waste Tracking Act in 1988. The act was implemented by the Environmental Protection Agency (EPA) in 1989. Although the act was only enforced in four states and one territory, New York, New Jersey, Connecticut, Rhode Island and Puerto Rico, between 1989 and 1999, the EPA used information gleaned during the study to create formal regulations for medical waste disposal processes, procedures

6. Explain briefly the following:

a) ERP

b) Economic Order Quantity (EOQ)

c) Shut down Maintenance

d) Supply chain Management

7. What are the four elements of the plan of Bio-medical engineering operations for maintenance?

Answer  :

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