Explain the concept of choice and rationalization of materials

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Purchase management
Answer the following question.
Q1. Explain the term vender development and vender rating in details. Also explain the benefit of vendor rating (10 marks)
Q2. What is variety reduction? Explain the areas of variety reduction (10 marks)
Q3. Explain the various materials codification methods. How Standardization reduces cost in the Materials Management? (10 marks)
Q4. Explain the concept of choice and rationalization of materials (10 marks)
Q5. What are the activities of purchase research? In which areas can purchase research is conducted? Explain purchase library concept. (10 marks)
Q6. List and explain in brief the factors influencing make or buy decisions (10 marks)
Q7. Define and discuss the significance of the materials management concept. (10 marks)
Q8. What is the value analysis? What are the different types of values? Describe the importance of value analysis in an industrial enterprise (10 marks)


Assignment Solutions, Case study Answer sheets
Project Report and Thesis contact

ARAVIND – 09901366442 – 09902787224

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