Types of Inventory in Manufacturing
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Questions and Answers

What is the main reason why poor planning and control of materials can increase total project costs?

  • It causes delays and productivity losses (correct)
  • It leads to higher quality final products
  • It reduces the need for re-handling materials
  • It improves the identification of materials

According to Ballot (2006), how are materials defined?

  • As waste materials generated during production
  • As elements that make up the final product (correct)
  • As by-products of manufacturing processes
  • As final products ready for sale

How does Bailey et al. (2009) define materials?

  • As financial resources allocated for raw material purchase
  • As goods purchased from outside sources for production (correct)
  • As services provided by the organization
  • As intangible assets used in project management

Why is effective materials management considered crucial for the success of a project?

<p>To reduce costs and contribute significantly to project success (D)</p> Signup and view all the answers

What does Stukhart (2007) include in the definition of materials?

<p>Raw materials, parts, supplies, and equipment items (A)</p> Signup and view all the answers

According to Dobler and Burt (2009), what do raw materials include?

<p>Materials converted into processed parts (B)</p> Signup and view all the answers

In what way do raw materials differ from finished products according to Ballot (2006)?

<p>Raw materials are processed before sale (C)</p> Signup and view all the answers

Why might re-handling materials lead to overall delays in a project?

<p>To lengthen the time required for completion (B)</p> Signup and view all the answers

What is the primary function of purchasing and procurement?

<p>Acquiring materials at the lowest cost possible (A)</p> Signup and view all the answers

What does expediting involve in the context of materials management?

<p>Monitoring suppliers to ensure timely deliveries (D)</p> Signup and view all the answers

What is the purpose of materials planning?

<p>To procure materials for the dates when they are needed (C)</p> Signup and view all the answers

What is the primary function of materials handling?

<p>Managing the flow of materials in the organization (A)</p> Signup and view all the answers

What is a key role of a manager in cost control related to material management?

<p>Keeping costs associated with handling materials to a minimum (A)</p> Signup and view all the answers

What does inventory management in material management primarily deal with?

<p>Managing the availability of materials (B)</p> Signup and view all the answers

What aspect does transportation primarily focus on in material management?

<p>Transporting materials to where they are needed safely and economically. (C)</p> Signup and view all the answers

What do decisions taken at each phase in the material management process directly affect?

<p>The activities of the phases that follow. (A)</p> Signup and view all the answers

What is the main purpose of expediting in material management?

<p>To monitor suppliers and ensure timely deliveries. (D)</p> Signup and view all the answers

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