Inventory management consists of
Effective running of stores
State of merchandise methods of storing and maintenance etc.
Stock control system
All of the above
Correct Answer :
D. All of the above
Related Questions
Micro motion study is
Analysis of a man-work method by using a motion picture camera with a timing device in the field of view
Motion study observed on enhanced time intervals
Motion study of a sequence of operations conducted systematically
Study of man and machine conducted simultaneously
The time taken by a trained worker to perform an operation, while working a steady pace, is known as
Standard time
Normal time
Representative time
None of these
PERT is applied for
Marketing programmes and advertising programmes
Installation of machinery
Research and development of products
All of these
In a PERT chart
All activities should be numbered
Only important activities should be numbered
Only critical activities are numbered
Only selected activities are numbered
A CPM family includes
CPA (Critical Path Analysis)
CPP (Critical Path Plotted)
CPS (Critical Path Scheduling)
All of the above
An event is indicated on the network by
A straight line
A number enclosed in a circle or a square
A straight line with circles at the ends
A dotted line
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
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 production cost per unit can be reduced by
Producing more with increased inputs
Producing more with the same inputs
Eliminating idle time
Minimising resource waste
In jobbing production
Highly skilled workers are needed
Unit costs are high
Operations are labour-intensive
All of these
Work sampling is applied for
Estimation of the percentage utilisation of machine tools
Estimating the percentage of the time consumed by various job activities
Finding out time standards, specially where the job is not repetitive and where time study by stop watch method is not possible
All of the above
The important file in making a PERT is
An event can't be accomplished until activities leading to it are completed
No activity from any event can be started from preceding event till it is completed
Length of arrow has nothing to do with time
All of the above
Queueing theory deals with problems of
Material handling
Reducing the waiting time or idle time
Better utilization of man services
Effective use of machines
Break-even analysis can be used for
Short run analysis
Long run analysis
Average of above two run analysis
There is no such criterion
Pick up the correct statement about relationship between various floats
Free float = total float
Independent float = total float
Independent float > free float
Independent float < free float
Discrepancies of bar chart techniques are
Consequential effects of lack in one activity on the finish date
Free time available for an activity can't be predicted
Effective monitoring/controlling can't be done
All of the above
Which of the following depreciation system ensures that the interest be charged on the cost of machine asset every year on the book value, but the rate of depreciation every year remains constant
Sinking fund method
Straight line method
ABC charging method
Annuity charging method
In manufacturing management, the term 'Dispatching' is used to describe
Dispatch of sales order
Dispatch of factory mail
Dispatch of finished product of the user
Dispatch of work orders through shop floor
Which of the following charts are used for plant layout design?
Operation process chart
Man machine chart
Travel chart
All of these
In Emerson's efficiency plan of wage incentive system, bonus is paid to a worker
Whose output exceeds 67% efficiency
On the percentage of time saved
On the percentage of time worked
On the percentage of standard time
The linear programming techniques can be applied successfully to industries like
Iron and steel
Food processing
Oil and chemical
All of the above
Routing
Prescribes the sequence of operations to be followed
Determines the programme for the operations
Is concerned with starting of processes
Regulates the progress of job through various processes
Process layout is employed for
Batch production
Continuous type of product
Effective utilisation of machines
All of the above
Which of the following is not wage incentive plan?
Differential piece rate system
Rowan plan
Emerson plan
Taylor plan
Current assets include
Manufacturing plant
Manufacturing plant and equipment
Inventories
Common stock held by the firm
Gantt chart provides information about the
Material handling
Proper utilisation of manpower
Production schedule
Efficient working of machine
For a small scale industry, the fixed cost per month is Rs. 5000. The variable cost per product is Rs. 20 and sales price is Rs. 30 per piece. The break even production per month will be
300
460
500
1000
The standard time for a job is
Total work content
Base time + relaxation time
Total work content + basic time
Total work content + delay contingency allowance
Product layout is employed for
Batch production
Continuous production
Effective utilization of machine
All of the above
Which of the following statement is correct about the network diagram?
The events are represented graphically by circles or nodes at the beginning and the end of activity by arrows.
The tail end of the arrow represents the start of an activity.
The head of the arrow represents the end of an activity.
All of the above