What is variety reduction Explain the areas of variety reduction
Assignment Solutions, Case study Answer sheets Project Report and Thesis contact aravind.banakar@gmail.com www.mbacasestudyanswers.com ARAVIND – 09901366442 – 09902787224 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 i...