Tuesday, September 9, 2014

MS-56

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MS-56
Q. Refer the cover page of the study material of MS-56 Materials Management. What is reflected in the figure given on that? Also distinguish between Logistics and materials management.
Answer. Logistics management plans, implements, and controls the efficient, effective forward and reverse flow and storage of goods...... Materials management can deal with campus planning and building design for the movement of materials, or with logistics that deal with the tangible components of a supply chain......
Q. If the responsibility for maintaining the quality of the product and incurring less cost on its production is the responsibility of the "production/ operation" and deciding the price of the product and finding the customers that will buy it comes under "marketing". What do the "materials management function" does?
Answer.......
Q. List the important documents that are required for purchasing products from foreign suppliers. What are the essential elements of each of these documents?
Answer. ......
Q. "A push system controls work release orders, whereas a pull system controls the shop floor. To be more specific, push systems controls throughput (by controlling work release) and measure WIP, whereas pull systems control WIP and measure throughput". Comment
Answer. A push system is the more traditional approach, where inventory replenishment is used to anticipate future demand......
Q. Why Customer Service, Packaging and Production scheduling are considered to be interfunctional management activity? How can they be managed effectively within a functionally organized firm?
Answer.......

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