Select The Blank
Question ________ is an addition of unnecessary cost to product
Correct Answer Poor design
Your Answer Poor design
Multiple Choice Multiple Answer
Question The alpha numerical system operates as under :-
Correct Answer Each item is identified and is given a proper description. , Identical items are classified into groups and each group is provided a suitable heading. , Codes are assigned to the next group, which are usually the alphabets.
Your Answer Each item is identified and is given a proper description. , Identical items are classified into groups and each group is provided a suitable heading. , Codes are assigned to the next group, which are usually the alphabets.
Multiple Choice Single Answer
Question How much saving in material cost can give benefit equivalent to eight to nine % rise in sales volume?
Correct Answer 0.01
Your Answer 0.01
Multiple Choice Single Answer
Question The purchasing made under contract , usually formal, of needed materials, the delivery of which is frequently spread over a period of time is known as :-
Correct Answer Contract buying
Your Answer Contract buying
Multiple Choice Single Answer
Question Which type of tendering is adopted when the requirements are urgent?
Correct Answer Limited tender
Your Answer Limited tender
True/False
Question Continuous stock-taking tends to dislocate the working of store.
Correct Answer False
Your Answer False
True/False
Question PO gives full and complete details of the materials to be supplied thereby avoiding ambiguities.
Correct Answer True
Your Answer True
Multiple Choice Single Answer
Question External lead time is :-
Correct Answer Supplier's lead time
Your Answer Supplier's lead time
Match The Following
Question Correct Answer Your Answer
Supplies Abrasive materials Chemicals
Perishable materials Vegetables Vegetables
Packing materials Carton Carton
Empties Metal containers Metal containers
Multiple Choice Multiple Answer
Question Primary duties to be performed by purchase department are :-
Correct Answer Receipts, sorting of purchase indents and determination of method of buying , Performance evaluation and feedback , Search for suppliers
Your Answer Receipts, sorting of purchase indents and determination of method of buying , Performance evaluation and feedback , Search for suppliers
Multiple Choice Multiple Answer
Question In F.O.R. contract seller is responsible for :-
Correct Answer Arranging for movement of goods to the transporter's godown , Safe loading on into the vehicle , Keeping the material in deliverable state
Your Answer Arranging for movement of goods to the transporter's godown , Safe loading on into the vehicle , Keeping the material in deliverable state
Multiple Choice Single Answer
Question Primary function means :-
Correct Answer Basics required to make product worth
Your Answer Basics required to make product worth
Multiple Choice Single Answer
Question Who act as a link between company's financial department and supplier's for timely payment?
Correct Answer Purchase division
Your Answer Purchase division
Select The Blank
Question Review system-optional replenishment is a modification of ________.
Correct Answer Fixed-order interval system
Your Answer Fixed-order interval system
Multiple Choice Single Answer
Question Value analysis job plan contains :-
Correct Answer 9 steps
Your Answer 9 steps
Multiple Choice Multiple Answer
Question Functions of Traffic division :-
Correct Answer Tracing missing consignments , Selecting the right kind of shipping service , Scrutinizing freight bills for payment.
Your Answer Selecting the right kind of shipping service , Scrutinizing freight bills for payment.
Select The Blank
Question ________Inspects the goods & issues a surveyor report certificate.
Correct Answer Surveyor
Your Answer Surveyor
Multiple Choice Multiple Answer
Question Objectives of material research are :-
Correct Answer To improve capability of purchase department to visualize problems which may be encountered in future. , To make optimum utilization of available resources , To provide the enterprise a competitive edge.
Your Answer To improve capability of purchase department to visualize problems which may be encountered in future. , To make optimum utilization of available resources , To provide the enterprise a competitive edge.
True/False
Question Two bin system is better as compared to perpetual inventory system.
Correct Answer False
Your Answer True
True/False
Question Bulky items impervious to weather is kept at very safe place inside store.
Correct Answer False
Your Answer False
Select The Blank
Question Petroleum product imports are channealised through________.
Correct Answer Indian oil corporation
Your Answer Indian oil corporation
Multiple Choice Single Answer
Question Procurement by more than one firm by pooling their requirements is :-
Correct Answer Cooperative buying
Your Answer Cooperative buying
Multiple Choice Single Answer
Question For the inspection of special Cutting tools which department is responsible?
Correct Answer Planning department & inspection department
Your Answer Maintenance department
Match The Following
Question Correct Answer Your Answer
Vendor rating Right source Right source
Replenishment method Right time Right time
Competitive bidding Right price Right price
EOQ Right quantity Right quantity