Material Quiz

Reduction of Inventory will result in

• Improving profits

• Surfacing problems

• Improving predictability of lead time

• All of the Above

ABC Analysis is based on

• Consumption value of items

• Unit rate of items

• Importance of items

• None of the Above

The following Material Control System can be done with “A” Class & Runner Items

• PFC – Period Flow Control

• KANBAN

• MRP Scheduling

• Strategic Stock Holding

Material includes

• Raw Material

• WIP

• FG

• All of the Above

VED Analysis Stands for

• Vital, Essential, Dead

• Vital, Essential, Desirable

• Vital, Easy, Difficult

• None of the Above

Non Moving Items can be disposed by

• Selling items at scrap value

• Using the item as it is with deviation

• Using the item doing some additional process

• Any one of the Above

HML analysis can be used

• For Finding Obsolete items

• To assess Security requirements

• To decide frequency of stock checking

• B & C Above

KANBAN is a

• Push System

• Pull & Push System

• Pull System

• None of the Above

Material Control System based on “Push” Control

• Material Requirements Planning (MRP)

• Period Flow Control

• A & B Above

• Two bin System

Advantages of Pull System

• Low Stocks

• Problems are visible

• Low Lead time

• All of the Above