Here you can find Material Management Multiple Choice Questions with answers. These Material Management MCQ with solutions can help MBA, MCA, BBA, B Com, BE, ME, MMM, and PGDM students and researchers to understand the important concept of Materials management.

Materials Management has an important role in Production management or supply chain management. Materials management mainly focuses on management of raw material or components required for continuous production.

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Below are Material Management MCQs with Answers. For Solutions click on “View Answer” button.

Raw Materials and WIP can be classified under ________

a. Indirect Material

b. Direct Material How to download chemdraw.

c. Finished Material

d. Standard Parts

Subject: SALES MANAGEMENT Course Code: MM-308 Author: Dr. Surinder Singh Kundu Lesson No.: 01 Vetter: Dr. Bishnoi SALES MANAGEMENT: AN OVERVIEW STRUCTURE 1.0 Objective 1.1 Introduction 1.2 Definition 1.3 Benefits of selling activities 1.4 Elements of sales management 1.5 Objectives of sales management 1.6 SMBO approach 1.6.1 Process of SMBO. Manner, management is also directed towards accomplishment of pre-determined goals. Managers use various resources like men, money, material, machinery & methods to promote growth of an organization. Management is both an art as well as a science. CHAPTER-2 INTRODUCTION TO MATERIALS MANAGEMENT Materials constitute a major cost component for any Industry. The total cost of installed materials (or Value of Materials) may be 60% or more of the total cost (Stukhart 2007, Bernold and Treseler 1991), even though the factory cost may be a minor part of the total, probably less than 20-30%.

_________ are the basic materials which have not undergone any conversion since their receipt from suppliers.

a. WIP

b. Raw Material

c. Finished Parts

d. Work Made Parts

Buying according to the requirements is called ________

a. Seasonal Buying

b. Hand to mouth buying

c. Scheduled Buying

d. Tender Buying

e. Speculative Buying

Which is not a part of 5R’s of buying?

a. Right Quality

b. Right Quantity

c. Right Source

d. Right Price

e. None of the above

The business cycle, price trends, National Economy is ___________

a. Micro Factors

b. Macro Factors

c. Controllable Factors

d. None of the above

__________ also called part lists or building lists is the document generated at the design stage.

a. MRP (Material Requirement Planning)

b. BOM (Bill of Materials)

c. MPS (Master Production Schedule)

Purchasing responsibilities can be divided into Buying, Clerical and ________ division.

a. Packing

b. Traffic

c. Record

d. Follow up

b. Traffic

The first activity of Purchasing cycle is _____________

a. Communicating requirement to the purchase

b. Source Selection and development

c. Recognizing the need for procurement

d. Inspection of goods

________ is the time that elapses between issuing replenishment order and receiving the material in stores.

a. Replenishment time

b. Lead time

c. Idle-time

d. None of the above

_________ is the scientific technique for planning the ordering and usage of materials at various levels of production and for monitoring the stocks during these transactions.

a. MPS

b. MRP

c. BOM

d. None of the above

_________ is the task of buying goods of the right quality, in the right quantities, at the right time and at the right price.

a. Supplying

b. Purchasing

c. Scrutinizing

d. None of the above

Procuring an item in staggering deliveries according to the delivery schedule finished to the supplier by the buyer.

a. Seasonal Buying

b. Hand to mouth buying

c. Scheduled Buying

d. Tender Buying

e. Speculative Buying

Buying of the annual requirements of an item during its season is called _______

a. Seasonal Buying

b. Hand to mouth buying

c. Scheduled Buying

d. Tender Buying

e. Speculative Buying

e. Speculative Buying

Tips/Suggestions: Do not get confused with seasonal buying

This is all about Material Management Multiple Choice Questions with answers. You’ll also like to read MCQs related to logistics management with solutions.

Materials Management PPT and PDF: Materials management is a process, through which a firm or company is supplied with goods and services which it requires for succeeding in its goals of buying, movement of materials and storing. The parameters related to materials management are as follows:

• Planning
• Storing
• Procuring
• Furnishing the appropriate material of true quality
• Coordinating production activities
• Scheduling production activities

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Materials Management PPT and PDF

Stores And Material Management Pdf

Many industries buy the materials and do the following activities with them in a step by step manner:

• Transport materials into a plant
• Transform materials into parts
• Gather parts into furnish goods
• Sell products or goods to customers
• Transport products to customers

Materials management does the following activities for the materials requirements:

• Planning
• Inventory planning
• Purchasing
• Storage
• Inventory control
• Supply of materials
• Transportation of materials
• Handling of materials

About twenty-five years ago, there wasn’t a strong competition in market and materials management was not a vital part of an organization. At present, it is a vital activity of management in production. Important functions of materials management are planning, purchasing and controlling. The enhanced productivity is its aim and is used to perform the following:

• To decrease the cost
• To enhance profitability
• In production streamline
• In proper utilization of materials
• In transportation
• In distribution

Definition: materials management is defined as a concept in an organization which plans and control distinct materials, their supply, their flow from the stage of raw materials to the stage of finished goods and handover goods to customers as per the needs of customers in right time.

• This complete process involves the functions right from planning to marketing and material management is responsible for all these activities.

History of Materials Management:

Materials management became a vital function of management and the department of materials management was started at the time of World War I in the United States of America. The advancement of principles of scientific management in the 20^th century by F.W. Taylor decreased the cost of production and proper utilization of materials was enhanced. Charles baggage was known as “materials man” because of his book on an economy of manufacturing and machinery which explains about the functions of purchasing. Between the years 1970 and 1999 materials management enhanced a lot.

Objectives of Materials Management:

The objectives of materials management are of two types and those are as follows:

• Primary objectives and
• Secondary objectives

1. Primary objectives: the primary objectives are as below:

• Planning about efficient materials
• Buying
• Receiving and procuring
• Storing of materials
• Inventory control
• Supply of materials
• Distribution of materials
• Assurance of quality
• Having a good supplier and customer relationship
• Enhanced departmental efficiency

2. Secondary objectives: there are many secondary objectives and few of them are as below:

• To make decisions
• Scheduling of efficient production
• Make specifications of materials
• Make standardization of materials
• Assisting in design of product
• Assisting in development of product
• Quality control on purchased materials
• Handling of materials
• Availing value analysis
• Availing value engineering
• Advancing skills of workers in materials management
• Easy flow of materials in organization
• Easy flow of materials out of organization

Apart from these objectives, there few other important objectives in a firm and those are as follows:/nokia-c6-01-unlock-code-free.html.

• Enhancing sales via sales promotion
• Maximization of benefit
• Enhancement in service of customers
• Globalization of the sales of product
• Meeting the transformations in technology
• Having a good employer and employee relationship
• Decrease in manufacture cost and other costs
• Objectives of social

Functions of Materials Management:

The functions of materials management are as follows:

• Primary functions
• Secondary functions

1. Primary functions: primary functions of materials management are as follows:

• Materials requirement planning i.e. MRP
• Purchasing
• Inventory planning and control
• Ascertaining and Maintaining the Flow and Supply of Materials
• Quality Control of Materials
• Departmental Efficiency

2. Secondary functions: secondary functions of materials management are as below:

Standardization and Simplification

• Design and Development of the Product
• Make and Buy Decisions
• Coding and Classification of Materials
• Forecasting and Planning

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The Structure of the Organization with Materials Management as a Separate Function:

A structure of the organization with materials management as a separate function is explained with the aid of a diagram and it is as below:

Fig1: Structure of Organization with Materials Management as a Separate Function

The Structure of Materials Management’s Department in an Organization:

Department of materials management is required in a firm or organization to control and coordinate various activities of materials management and its structure is as below:

Fig2: Organization of Materials Management Department

Types of Materials:

There are three distinct types of materials and those are:

• Purchased materials
• Finished goods
• Work in process materials

Introduction To Material Management Pdf Download

Content of the PPT and PDF for Materials Management

• Introduction
• What is Materials Management?
• Role of Materials Management
• Purpose
• Objective
• Basic Principles
• Functions
• Advantages
• Conclusion
• References

Introduction To Materials Management 8th

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Material Management Pdf Book

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