INDIAN INSTITUTE OF MATERIALS MANAGEMENT NHQ- Education Wing Plot Nos. 102 & 104, Institutional Area, Sector-15, CBD Belapur, Navi Mumbai- 400 614 Phone:022-27571022 Telefax:022-27565741 IMPORTANT POINTS TO BE NOTED BY THE STUDENT 1. Write your Name, Roll. No. and complete mailing address with Pin Code on the answer sheet. 2. Submission of assignments is compulsory and marks obtained in assignments carry 20% weight-age in the final result. 3. Students are required to secure 50% marks in assignments to pass the examination. 4. Each subject will have two assignments and each assignment carries 10 marks only. 5. Assignments must be written by the students in their own good hand writing and one copy of the same be retained with them to avoid inconvenience in the event of misplacement / loss of the same in transit. 6. The answers should be brief to the point and relevant to the questions given in the assignment. Do not reproduce your answers from the study materials sent to you. 7. Problems/queries with regard to assignments, if any, be discussed with respective branch / NHQ (Mobile No-09820815301, Mr. V. G. Pandey) and during the contact classes. 8. Use only foolscap size paper for your answers and all the answer sheets must be tagged / tied firmly with string. 9. Assignments in respect of distance mode students must reach IIMM NHQ Education Wing latest by 30 th October against July-December,2012 session,. GDMM regular/contact mode students are required to submit their assignments at their respective branches.
PAPER 1 MANAGEMENT PRINCIPLES & HRP Q.1 What do you understand by the term Management The concepts of management thoughts have been devolved based on contributions from many managers over a period of time. Describe the statement in detail. Q. 2 Write short notes on: i) Organizational Hierarchy and Managerial Skills ii) Management by objectives. Q. 1. Explain the concepts involved in Decision making? What are the main difference between the Problem Solving and Decision Making? Q. 2. Describe the importance of motivation in an organization, types of motivation and various aspects of motivation theories. Paper 2 QUANTITATIVE METHODS Q. 1 what do you understand by assignment problem? Explain the steps involved in Hungarian method of solving assignment problem. Q.2 What are the steps involved in solving maximization problems (where all constraints have type inequalities. Q.1 Build the mathematical model and solve the following transportation problem: Cost Matrix Supply Store 1 Store 2 Store 3 Store 4 Mumbai plant 1 2 4 4 6 Delhi plant 4 3 2 0 8 Kolkata plant 0 2 2 1 10 Demand 4 5 8 6 Q. 2 What is the meaning of Queuing theory? Illustrate the concept with the help of a suitable example.
Paper- 3 Business Economics and Finance Q. 1 Explain your understanding on classification of an economy on the basis of nature of economic activities and the role of financial institutions in economic growth. Q. 2 Write short notes on the following. a) Limitations of financial accounting and management accounting b) Intensity of unemployment and poverty in the country Q.1 Describe the economic system followed in India and the role of various five years plans in the country Q.2 The following data is available from the books of accounts of M/s Alfa Beta & company Ahmadabad, Gujarat, India. You are required to prepare the Balance Sheet of the company. Current Ratio 2.5 Fixed assets turnover ratio (on cost of sales) 2 times Quick Ratio 1.5 Net working capital Rs.3,00,000 Average debt collection period 2 months Stock turnover ratio (cost of sales/closing stock) 6 times Fixed Assets/shareholders net worth 0.80 Gross profit ratio 20% Reserve and Surplus/capital 0.50 PAPER 4 INFORMATION TECHNOLOGY AND E-COMMERCE Q1. What are the different parts of computer and the differences between software & hardware? Q2. Write short Notes on the following. a) Bit & Byte b) MS Excel c) Power Point d) RFID e) Digital Signature
Q1. What do you understand by the concept of e-commerce. Explain the types of e-commerce and its impact on Indian business environment. Q2. What is the meaning of Internet ip-address & domain names and the main requirements for the internet connection? Define what is meant by url? PAPER 5 PURCHASING MANAGEMENT Q1. Explain the special features of Public Buying and the role and functioning of all India organization, the Directorate General of Supplies and Disposal. a) Payment terms b) Classification of tenders c) Make or Buy decision d) IIMM Code of Ethics in Purchasing e) Third party inspection Q1.Explain the importance of proper Vendor Management and Vendor Evaluation for effective contribution of Purchase Department in a business organization.. Q2. Describe the standard terms and conditions stipulated in a purchase Order and Purchase Procedure of your company or a representative organization / institution of your choice. PAPER 6 BUSINESS LAWS Q1. What are the essentials elements and provisions of Sale of Goods Act? a) Caveat Emptor b) Bill of Exchange c) Warrantee conditions d) Capacity to contract e) Jurisprudence
Q1 Describe the term Insurance, need of insurance and underlying General Principles governing Insurance. a) Void agreements b) Principal and agent c) Reserve Bank of India d) Extra ordinary General Body Meeting e) Private Limited Company PAPER -7 INTERNATIONAL TRADE Q1. What is the importance of EXIM Policy in the international trade for India. Elaborate the salient features of EXIM Policy. a) INCOTERMS b) Export Promotion Council c) Bill of Lading d) Import Procedure e) Balance of Payment Q1. Which is the main feature of Foreign Exchange Regulation Act? How an importer can be benefited by forward buying. Q2. Write short note on the following. a) Director general of Foreign Trade b) FOREX c) Basic customs duty d) Codes for Import & Export e) Cenvat Credit PAPER - 8 OPERATIONS MANAGEMENT Q1. What do you understand by the term Operations Management in a company? Q2. a) Explain the objectives of proper plant layout. How it can help in increasing the company s performance. b) Describe the importance of Production Planning & Control function for running a large organization.
Q1. "City location is preferable for small plants. A suburban location is suitable for medium sized plants. A country location is best suited for very large plants Give reasons for your agreement or disagreement. a) ISO: 14000 b) Just in Time c) Statistical Quality Control d) TPM e) ISO : 9000 PAPER - 9 STRATEGIC MANAGEMENT Q1. What do you understand by Turn around Strategy for a loss making firm? Explain with examples from any representative organization. a) Divestment Strategy b) Diversification c) Marketing Mix d) Vertical Integration e) SWOT Analysis Q1. Explain in detail the micro and macro environment of your company. Q2. Discuss the theory of comparative advantage in Indian business environment. PAPER - 10 INVENTORY MANAGEMENT Q1. Study the annual report of any manufacturing company. Calculate and find out the impact on profits of the company, if the material and inventory cost is reduced by 15 %. Q2. Define the Service level. How does it help in determining the Safety stock. Q1. A manufacturer purchases an item @ Rs.100/- each The annual consumption of the item is 6000 pieces. The ordering cost of the item is Rs. 200/- and inventory carrying cost 25%. Find out the economic order quantity. a) XYZ Analysis b) Lead Time c) Inventory Turn Over Ratio d) WIP Inventory e) Re-order Level
PAPER - 11 LOGISTICS AND SUPPLY CHAIN MANAGEMENT Q1. Discuss various material Handling equipments and the role of materials handling in Logistics and Supply Chain Management. a) Bar Codes b) RFID c) GPS d) Automated materials handling systems in Logistics & Supply Chain Management. Q1. What do you understand by Supply Chain Mapping and how does it help in the success of an organization? Q2.Write short notes on the following. a) Third party Logistics b) Lean Supply Chain c) Cross docking d ) Voyage Charter e) Consolidation PAPER - 12 PACKAGING, DISTRIBUTION & RETAIL SUPPLY CHAIN MANAGEMENT Q1 Describe the historical developments of Packaging and technologies which have been developed for suitable packaging systems and packaging materials to give desired functional properties. a) Eco-friendly packaging b) Transport Emergency Cards c) Containerization d) Packaging of perishable goods e) Food and Drugs Act Q1 What is SRM and its role in Retail Supply Chain Management?. Q2. Describe the factors affecting the choice of distribution channels. PAPER - 13 RESEARCH METHODOLOGY Q1. Explain the different types of Research and their significance.
Q2. Write short notes on the following a) Methods of collecting data b) Test Hypothesis c) Multi regression analysis d) Z-test e) Probability sampling techniques Q1. Explain the differences between the following. a) Poisson distribution and normal distribution b) Ordinal Scale and Nominal scale c) ANOVA and ANOCOVA d) Rosenzweig test and Rorschach test e) Questionnaires and Schedules a) Two factor Evaluation Approach b) Procedure for testing of hypothesis c) Louis Guttman s Scalogram Analysis d) Chi Squire test e) Dispersion of a series Paper -15 STRATEGIC COST AND FINANCIAL MANAGEMENT Q1 Elaborate an overview of Indian Financial System and the role of Reserve Bank of India for governing all major financial matters in India Q2. Explain the essential requirements, advantages and limitations of inter firm comparison for evaluating performance. Q1 Explain the concept of Financing Strategy and Capital Structure of the company in which you are working or any other representative company. a) Uniform Costing b) Return on Investment c) Financial Ratios d) Bonds and Debentures e) Concept of Leasing,Advantages and Limitations
Paper-16 BUSINESS STATEGIES AND WORLD CLASS PRACTICES Q1. What are the fourteen steps of Quality Improvement Plan and absolutes of quality suggested by Crosby for getting competitive edge. Q2. Write short notes on the following: (a) Statistical Quality Control (b) E- Business (c) Just in time (d) Total Productive Maintenance (e) Financial Evaluation and appraisal of projects Q1 Explain the Strategic Planning Methodology for World Class Manufacturing. Q2. Highlight the key features of world class manufacturing on shop floor practices in information age with suitable illustration. Paper -17 ADVANCED SUPPLY CHAIN MANAGEMENT Q 1 What are the basic concepts of Supply Chain Management? How do the different flows contribute to these concepts? Q 2 Write short note on the following. a) Vender Management Inventory b) Cross Docking c) Total Cost of Ownership d) Order processing cycle Q1. How does the Radio Frequency Identification Technology facilitate the collection and exchange of Information throughout the supply Chain? Q2. What is the advantage and disadvantages of moving the push pull boundary to a later stage in supply chain? Explain with the help of an example.
Paper 18.a PROJECT MANAGEMENT Q 1 Describe major Project planning techniques using graphical method for timely completion of projects. Q.2. What are the basic steps involved in constructing and analyzing the Activity diagrams, Arrow diagrams and Network diagrams. Q1. Describe the Project Appraisal, Justification and Evaluation techniques. Discuss their advantages and disadvantages with respect to the overall profitability of the company Q2. Discuss the design of Control System for controlling major constraints like time cost and quality for successful completion of a project. Paper 18.b DECISION SUPPORT SYSTEM Q1 Explain the concept of Decision Making and steps involved in Decision Making Process of any familiar organization. 1. Q2 Proper application of decision Making Tools increase productivity, efficiency, & effectiveness and give many business organizations a comparative advantage. Justify the statement, Q1 Elaborate an overview of Group Decision Support System and compare with Expert systems used in Supply Chain Management. Q2 Describe the concept of Data Mining, Explain the role, Importance and working of Data Mining.
Paper 18.C OPERATIONS RESEARCH Q1. Explain the scope and methodology of Operations Research. What are the advantages and limitations of mathematical modeling? Q2. List down the steps involved and procedure for solving a Linear Programming Problem by simplex method with the help of suitable example. Q1. A quantity discount of 0.5 % has been offered by a new firm in case of purchasing an item five times the requirement. The administration cost / Ordering of purchase is Rs.100/- and the inventory carrying cost is 20 %. The Supply Chain Management department of the company has been following a Purchase Policy based on Economic Order Quantity You are required to advise the company whether the offer should be accepted by the company or Not. Q2 Explain the essential characteristics of Operations Research and classification of various Operation Research models. Paper-18.d MARKETING MANAGEMENT Q1. What do you understand about the concept of Marketing Management in Business environment? Describe the 4P s and 4 C s of Marketing Mix. Q2 Explain the various aspects of Consumer Behavior. What are the different social factors associated with consumer behavior. Q1. What do you understand by the term Marketing Research? what are the main categories and important steps involved in marketing research process. Q2. (a) Explain in brief the importance of Marketing Information System. (b) What are the factors which are to taken into consideration while making pricing decisions?.
Paper-18.e TOTAL QUALITY MANAGEMENT Q1 Explain the meaning of Quality, historical development of Quality concept and the need of Total Quality Management in the present day context. Q2 Describe the contributions made by Tom Peters and Ishikawa to the Quality movement and implementation. Q1. Explain the concept of Benchmarking, types and the experiences of Indian companies with Benchmarking process for further improvement. Q.2. Explain in brief the following Quality Management System Certifications. a) ISO 9000 : Quality Management Systems b) ISO 14000 : Environment Management Systems c) OHSAS 18001 : Occupational Health Management.Systems.