$1.$Multiple Choice Question $($Mention the right answer$)$:

$15$

i$).$ The order cost per order is Rs$.400$ with annual

carrying cost of Rs$.10$ per unit.The

Economic Order Quantity $($EOQ$)$ for an annual

demand of $2000$ units is :

a$).400$

b$).440$

c$).480$

d$).500.$

ii$).$ The cost of insurance and taxes are included in :

a$).$ Cost of ordering;

b$).$ Set up costs;

c$).$ Inventory

carrying cost;

d$).$ Cost of shortages.

iii$).$ What does the term "logistics" refer to in supply chain

management?

a$)$ The production of goods; b$)$ The storage,

transportation, and delivery of goods;

c$)$ The marketing of products; d$)$ The financial planning

of operations.

iv$).$ ABC inventory control focuses on those $-$

a$).$ Items not readily available; b$)$ Items which consume

less money; c$)$ Items which

have more demand; d$)$ Items which consume more

money.

v $).$ VED analysis of inventory control stands for $-$

a$).$ Value, Engineering, and Desirable; b$).$ Value,

Essential & desirable; c$).$ Vital,

Essential & Desirable; d$).$ Value, Essential &

Demand.

Answer any four of the following questions :

$54=20$

a$).$ State the role & importance of inventory management in

Hospital industry.

b$).$ Discuss different types of Inventory control system.

c$).$ Discuss the scope of Materials Management.

d$).$ Describe methodology for carrying out ABC and FSN

analysis.

e$).$ Explain Integrated Materials Management. Discuss its

advantages.

f$).$ With the help of quantity$-$cost curve derive step by step,

algebraically, Economic Order

Quantity $($EOQ$)$ formula and its limitations$.$