1. 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?
2. How does JIT differ from MRPII? Briefly discuss the basic requirements and assumptions of JIT implementation.
3. What do you understand by the term codification? What type of information should be built into a code?
4. Differentiate between
a. Purchasing and subcontracting
b. Independent and dependent demand
c. Competitive Bidding and Negotiation
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