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Dplm 0211: Stores And Inventory Management Question Paper

Dplm 0211: Stores And Inventory Management 

Course:Diploma In Procurement And Logistics

Institution: Chuka University question papers

Exam Year:2013





CHUKA

UNIVERSITY

UNIVERSITY EXAMINATIONS
SECOND YEAR EXAMINATION FOR THE AWARD OF
DIPLOMA IN PROCUREMENT AND LOGISTICS MANAGEMENT

DPLM 0211: STORES AND INVENTORY MANAGEMENT

STREAMS: DPLM Y2S1 TIME: 2 HOURS

DAY/DATE: THURSDAY 8/8/2013 8.30 AM- 10.30 AM

INSTRUCTIONS:

Answer Question ONE and any Other TWO

Question One

(a) Highlight the major types of inventory and discuss the reasons of holding inventory. [12 Marks]

(b) In a warehouse, it is necessary to have a logical basis for identification of materials which is more precise and less cumbersome. Discuss the advantage of a good coding system.
[10 Marks]
(c) Write short notes on the following

(i) EOQ
(ii) MRP
(iii) ABC
(iv) 2 Bin systems [8 Marks]

Question Two

(a) Stores operations cannot be performed in an efficient manner without some means of capturing and storing information. Explain the reasons for maintaining stock records. [10 Marks]

(b) As a storekeeper, discuss the various ways that you would use to dispose off the unwanted stock, absolute and surplus items. [10 Marks]

Question Three

(a) Outline five safety aspects that must be enforced within a store. [10 Marks]

(b) Discuss the role of IT in stores department. [5 Marks]

(c) Outline the basic characteristics of an ideal warehouse. [5 Marks]

Question Four

(a) Just in time is increasingly being adopted by many organizations in production. Explain the reason that may account for this trend. [10 Marks]

(b) Being a storekeeper in an organization; what roles would you expect the internal customers to play in determining the stock range? [10 Marks]

Question Five

Explain the following terms as used in inventory management. Use short notes and diagrams where applicable.

(a) Inventory management
(b) Queuing
(c) Network analysis
(d) Simulation
(e) DRP [20 Marks]

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