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Blmt 343:Inventory Management Question Paper

Blmt 343:Inventory Management

Course:Bachelor Of Science In Information Science

Institution: Kenya Methodist University question papers

Exam Year:2011

INVENTORY MANAGEMENT (BLMT 343) 2nd Trimester 2011

FACULTY : COMPUTING AND INFORMATICS

DEPARTMENT : INFORMATION SCIENCE

TIME : 2 HOURS

INSTRUCTIONS Answer THREE Questions in Section A and TWO Questions in Section B

SECTION A

Question 1

Briefly discuss any FOUR objectives of inventory management. (10marks)

Question 2

Explain the following terminologies as used in inventory management.

a) Inventory holding point

b) Consolidation centre

c) Cross-dock centre

d) Trans-shipment point

e) Returned goods centre (10marks)

Question 3

a) Explain the importance of inventory management in logistics. (4marks)

b) Briefly discuss any FOUR classifications of warehouses. (8marks)

Question 4

a) List FOUR types of inventory. (4marks)

b) There are a number of stock types that can be found in supply chains. Explain ANY TWO types of stock holding/ inventory. (6marks)

SECTION B

Question 5

Using examples discuss the role of warehouses in inventory management. (20marks)

Question 6

a) Discuss the element of ‘lead time’ as applied in inventory management. (4marks)

b) Discuss the FOUR principal elements of inventory holding cost. (16marks)

Question 7

Discuss the importance of inventory management in the provision of information services. (20marks)

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