“Materials management contains an integrated process of materials flow, in, through and out of an organization”. Comment on it and talk about the reasons behind it.
Why customer service, packaging and production scheduling are considered to be interfunctional management activity? How can they be managed effectively within a functionally organized firm?
What is supplier evaluation? Discuss the review process for rating of suppliers. Also, explain why the relationship between the buyer and seller is of immense importance?
“Recent developments in the area of codification include barcodes which help in keeping count of stocks”. Comment on the statement. Also, explain the steps for devising a barcode for a business.
Explain the concept of Kanban and its usefulness. How does CONWIP differ from Kanban?
