Podcast
Questions and Answers
What are the primary objectives of materials management?
What are the primary objectives of materials management?
- Minimizing the continuity of supply
- Maximizing investments in materials and inventory costs
- Purchasing items from unreliable sources at economic price
- Maintaining the continuity of supply, minimizing investments in materials and inventory costs, and assuring high inventory turnover (correct)
What is the scope of materials management?
What is the scope of materials management?
- It encompasses only material utilization
- It encompasses only material supply
- It encompasses only material costs
- It encompasses material planning and control activities (correct)
What is required for an integrated materials management approach?
What is required for an integrated materials management approach?
- A disintegrated approach to materials planning and control
- Co-ordination and co-operation among different functional heads to optimise operations (correct)
- Maximizing materials productivity at the cost of efficiency
- A lack of co-ordination among different functional heads
What is the main objective of business according to the text?
What is the main objective of business according to the text?
What does Materials Management ensure according to the text?
What does Materials Management ensure according to the text?
What is the primary focus of Materials Management as per the text?
What is the primary focus of Materials Management as per the text?
Which function does Materials Management NOT support as per the text?
Which function does Materials Management NOT support as per the text?
What is the ultimate goal of an effective Materials Management process according to the text?
What is the ultimate goal of an effective Materials Management process according to the text?
What are the primary objectives of materials management?
What are the primary objectives of materials management?
What are the secondary objectives of materials management?
What are the secondary objectives of materials management?
What does materials management encompass?
What does materials management encompass?
What does integrated materials management focus on?
What does integrated materials management focus on?
What is the main responsibility of sourcing in materials management?
What is the main responsibility of sourcing in materials management?
