Material Management

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NAME ………………………………..

BATCH……………………………….

ENTROLLMENT NO. ………….

Material Management

Each assignment carries 25 marks

Answer any 2 questions from the following :

Q1 ) Define and explain in detail what is meant by Material Management.

Q2 ) Write a detailed note on the concept of Just-In-Time Manufacturing (JIT).

Answer : Just-in-time manufacturing was a concept introduced to the United States by the Ford motor company. It works on a demand-pull basis, contrary to hitherto used techniques, which worked on a production-push basis.

To elaborate further, under just-in-time manufacturing (colloquially referred to as JIT production systems), actual orders dictate

Q3 ) List and explain the 6 Major Principles of Purchasing.

Answer : In this era of cost cutting and budget slashing, one area where colleges and universities can realize true savings is in purchasing. Well-managed purchasing strategies can recover considerable sums of money by curtailing off-contract spending and enhancing staff efficiency.

"Unfortunately not many schools have really taken the plunge to evaluate their procurement practices or to institute e-procurement solutions," says Chris Rother, vice president of education sales of CDW-G,

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