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
Speak Your Mind