From the list given below, pick out the most suitable answer-matching list of the expression given under. (4 marks) (Forecast, Job production, MPS, Batch production, Flow Production, BOM, Process layout, Schedule, Stores Indent, Purchase Order, GRN, Purchase Indent, Project, Binomial Distribution, Poisson Distribution, Exponential distribution ,ordering Cost, Stock-out cost, aggregate planning, consumption value, Stock value, and criticality) a) b) c) d) Recipe for sweet dish- BOM Accidents in a busy traffic junction- Poisson Inter-arrival time of customer in Queuing System. - Exponential Inventory carrying cost is balanced with _ordering___ cost for deciding the safety stock level. e) Cost of input materials inspection is a part of __stock out___cost. f) The system which helps in ordering long-lead time materials. --Forecasting g) Document from the user departments requesting for issue of materials.--- Stores Indent

In Food processing industry, MPS and production schedule are identical. Explain. (5 marks)

State whether each statement given below is true or false. a) MRP system is used for the requirements of equipment spare parts. False b) Reducing ordering cost of Materials will reduce working capital False c) XYZ analysis is based on the annual purchase value (if this is cost) of items. False (true) d) ROL system is appropriate for A-class items. True e) VED analysis is required for deciding order quantity for machinery spare parts. f) Service stock is decided scientifically based on the desired level and the standard deviation of demand per period.

The BOM for product X is given below. 50 units of Product X are scheduled for completion in week 12. Compute the net requirements for component C2 and week they have to be made available.

lead time = 2 weeks. Ordering cost = Rs. review period = 2 months. ROL = 200 units. Variance of lead time demand = 400 units. What is the service level? (1 ½ marks) Q7. A=20. Safety stock= 1 week consumption. Compute the cost per unit of the item from the data given below: EOQ= 50 units.C2= 30.Level 0 Level 1 A(2) X B(1) Level 2 C1(1) C2(2) C3(1) Lead time for moving from level 1 to level 0 is 2 weeks and from level 2 to level 2 to level 1 is 3 weeks.C3=0 (2 marks) Q5. 25/order. B=10 C1=20. Inventory carrying cost = 20% of the value of the item. The supply lead time for an item 4 weeks. annual demand = 2500 units. Average demand per week = 40 units. The stock already available are X=0. average consumption/Month(4 weeks) = 32 units. Order Quantity = ? (2 marks) . In a periodic review system. At the time of review period Stock = 40 units. (1 ½ marks) Q6.

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