Inventory control in production, planning and control aims at
Achieving optimisation
Ensuring against market fluctuations
Acceptable customer service at low capital investment in inventory
Discounts allowed in bulk purchase
Correct Answer :
C. Acceptable customer service at low capital investment in inventory
Related Questions
The start or completion of task is called
An event
An activity
A duration
None of these
In a functional organisation
Quality of work is better
Wastage of material is minimum
Specialised knowledge and guidance to individual worker is provided
All of the above
PERT and CPM are
Techniques to determine project status
Decision making techniques
Charts which increase aesthetic appearance of rooms
Aids to the decision maker
CPM has following time estimate
One time estimate
Two time estimate
Three time estimate
Four time estimate
In order that linear programming techniques provide valid results
Relations between factors must be linear (positive)
Relations between factors must be linear (negative)
Either (A) or (B)
Only one factor should change at a time, others remaining constant
The most important objective behind plant layout is
Overall simplification, safety of integration
Economy in space
Maximum travel time in plant
To provide conveniently located shops
The type of layout used for manufacturing steam turbines, is
Product layout
Process layout
Fixed position layout
Any one of these
For handling materials during manufacture of cement, a _________ is widely used.
Belt conveyor
Bucket conveyor
Fork lift truck
Overhead crane
The basic difference between PERT and CPM is that
PERT deals with events and CPM with activities
Critical path is determined in PERT only
Costs are considered on CPM only and not in PERT
Guessed times are used in PERT and evaluated times in CPM
Basic tool in work study is
Graph paper
Process chart
Planning chart
Stop watch
Gantt chart is used for
Inventory control
Material handling
Production schedule
Machine repair schedules
A dummy activity
Is artificially introduced
Is represented by a dotted line
Does not require any time
All of the above
Father of time study was
F.W. Taylor
H.L. Gantt
F.B. Gilbert
R.M. Barnes
Which of the following is independent of sales forecast?
Productivity
Inventory control
Production planning
Production control
Slack of various events on the critical path in PERT/CPM chart
Increases continuously
Decreases continuously
Remain constant
May increase or decrease depending on various factors
Work study is most useful
Where production activities are involved
In judging the rating of machines
In improving industrial relations
In judging the output of a man and improving it
In breakeven analysis, total cost consists of
Fixed cost
Variable cost
Fixed cost + variable cost
Fixed cost + variable cost + overheads
Which of the following layouts is suited to job production?
Process layout
Product layout
Fixed position layout
Plant layout
PERT is applied for
Marketing programmes and advertising programmes
Installation of machinery
Research and development of products
All of these
If E is the duration, ES and EF are die earliest start and finish times, LS and LF are latest start and finish times, then the following relation holds good
EF = ES + D
LS = LFD
LF = LS + D
All of the above
In order to avoid excessive multiplication of facilities, the layout preferred is
Product layout
Process layout
Group layout
Static layout
Which of the following are the principles of material handling?
Keep all the handling to the minimum
Select only efficient handling equipment
Move the heaviest weight to the least distance
All of the above
The mathematical technique for finding the best use of limited resources in an optimum manner is known as
Operation research
Linear programming
Network analysis
Breakeven analysis
The performance of a specific task in CPM is known as
Dummy
Event
Activity
Contract
Gantt chart provides information about the
Material handling
Proper utilisation of manpower
Production schedule
Efficient working of machine
Abbreviated work factor data is applied for
Material handling operation
Maintenance operation
Packing and shipping operation
All of these
The determination of standard time in a complex job system is best done through
Stop watch time study
Analysis of micro-motions
Grouping timing technique
Analysis of standard data system
A-B-C analysis
Is a basic technique of materials management
Is meant for relative inventory control
Does not depend upon the unit cost of the item but on its annual consumption
All of the above
CPM requires
Single time estimate
Double time estimate
Triple time estimate
None of these
Queueing theory deals with problems of
Material handling
Reducing the waiting time or idle time
Better utilization of man services
Effective use of machines