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1 What are the Six M’s in a Management ? 1 . Men 2. Materials 3. Machine 4. Methods 5 Money 6 . Market |
2. Mention the actions which are included in process of Management . The process of Management includes the Planning , organizing and controlling of six M’s |
3. What are the main areas covered by material management Material Cost , Materials Utlisation and material Supply |
4 What is the main aim of material Management ? Reducing the cost of production and distribution |
5 --------- and ------------- are primary objectives of Material Management Provision of Materials and Minimisation of inventory |
6 Every organization its own material management The above said statement Is True |
7 -------- and --------- are the two faces of material management Maximising the production or service and reducing the cost |
8 Inventory control is related with --------------- and it helps to reduce ----- Material Management --------- Cost of materials |
9 Division of material organization in two categories ? Mention the two categories Material organization for top functionaries and operating staff |
10 what is the role of top material managers in a organization ? Decision making related with budgeting ,planning and programming |
11 What are three level of material management ? 1. Top Level 2. Middle Level 3. Lower level |
12 What are the main acts /law related with purchase or sale of goods ? Contract act , sale of goods act, insurance law , Negotiable insurance act , Excise duty ,Sale Tax |
13 What is meant by Budget ? Financial estimates of income and expenditure of an organization |
14 What are the main objectives of prepare a budget ? Plan the activities in a various department , fix the targets , monitor the performance of activities and take decision to corrective measures to achieve the target |
15 What is meant material Budget ? It is a coordinated estimates of the consumption and purchase of materials in an organization |
16 ------------ is playing a major role in material budgeting Accounting |
17 What is meant by Purchase order ? Order in respect of procuring the material from the suppliers |
18 DGS & D means Directorate General of Supplies and Disposals |
19 What are the major departments of DGS& D ? Supplies wing , Inspection wing , Progress wing, Disposals wing |
20 First in first out method is used for ---------- Costing materials |
21 What are the essentials of material Management Provide best service to public , Produce maximum efficiency , manage inventories at predetermined levels |
22 What is the is a primary responsibility of the materials management group? The creation of material standards, inspections, and returns process |
23 The term value analysis is related with -------------- Quality control |
24 What is meant by value analysis ? It is a method to examine the functional utility of a product |
25 The action related with the procurement, maintenance, distribution, and replacement of personnel and materiel is called as Logistics |
Prepared by S Jayachandran SA , Divisional Office , Mavelikara, Kerala -690101 – 9961464279 If you want more questions please contact by email or mobile |
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