Question: Q.1What are the inputs for MRP system? Q.2What does closed loop MRP refers to? Q.3Which step will keep finance investment and costs low? Q.4What are

Q.1What are the inputs for MRP system?

Q.2What does closed loop MRP refers to?

Q.3Which step will keep finance investment and costs low?

Q.4What are the main objectives of materials management?

Q.5 Define lead time.

Q.6 What according to you are the most important steps in the Procurement Life Cycle?

Q.7 What are batches in material management and how are they searched?

Q.8 Does Forecasting help in controlling Inventory?

Q.9 According to you what are the features of a good Forecasting Model?

Q.10 What do you understand by Consignment Stock?

Q.11 Give the differences between a contract and scheduling agreement?

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