PSK Online Lecture by Dr. Dhiraj Ovhal - Syllabus, Question Paper Format, and Chapter Details
Welcome to the PSK Online lecture by Dr. Dhiraj Ovhal, HOD of Commerce. Explore the syllabus for Semesters 5 and 6, question paper format, and chapter details including Material Management, Material Requirement Planning, and more.
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Presentation Transcript
Welcome to all for the PSK Online lecture By Dr. Dhiraj Ovhal HOD of Commerce
PSK Purchasing & Store Keeping Sem-5 for Purchasing & Sem-6 for Store Keeping
Syllabus for Sem -5 Purchasing Chapter No 1 Material management and Material Requirement Planning 2 Material Research and E-Material 3 Scientific Purchasing 4 Purchase procedure
Question Paper Format All questions are compulsory Total 3 Hours & Marks 100 Q.1. Objectives as follow Q.2 Write any 2 out of 3 from Chapter 1 ..Total Mark 15 A. Multiple Choice Question any 10/12 ..Total Mark 10 B. True /False ..any 10 / 12 ..Total Mark 10 Q.3 Write any 2 out of 3 from Chapter 2 ..Total Mark 15 Q.4 Write any 2 out of 3 from Chapter 3 ..Total Mark 15 Q.5 Write any 2 out of 3 from Chapter 4 ..Total Mark 15 Q. 6 Short Notes any 4 out of 6 from all Chapters Total Mark 20
Chapter 1:- Material management and Material Requirement Planning It consists of sub three parts as follow 1. Material Management 2. Material Budget 3. MRP
Q.1 :- Material management , Meaning, Definition and Objective of Material Management Meaning:- Material means all commodities are used for the production purpose. It consists of Raw Materials, factory supplies such as oil, grease, component parts, etc. These are collectively described as Store and normally stored in store room. (Commodities-RM,OIL,-STORE) The cost of raw materials ranges from 50% to 85% in the factory. 1/3 total assets of the company is in the form of material management. Sugar Industry- Sugarcane Petrol Industry Crude oil Raw material Raw material
Q.1 :- Material management , Meaning, Definition and Objective of Material Management It is branch of Material Management which deals with 1.Material Cost 2.Material Supply 3.Material Utilization Definition:- Peter Baily and David Farmer define The term material management is used for the group of activities concerned with getting purchased materials and service to the point where they are economically useful .
Objectives of Material Management (Shortcut to remember ) (OM. EPIF) 1. Optimum stocking :- No under stocking and NO over stocking 2. Minimize wastage :- Save wastage, No theft or loss of materials 3. Economy in purchasing :- Buy material at lower price with better quality Raw materials 4.Proper quality :- better quality of R.M. with average price 5. Information system :- Data or Information available about stock of materials 6. Fixing Responsibility:- Assign duties and responsibility to the people
1.Optimum stocking :- No under stocking and NO over stocking
2. Minimize wastage:- Save wastage, No theft or loss of materials
3. Economy in purchasing :- Buy material at lower price with better quality Raw materials
4. Proper quality :- Better quality of R.M. with average price
5. Information system :- Data or Information available about stock of materials
6. Fixing Responsibility:- Assign duties and responsibility to the people
Objectives of Material Management (Shortcut to remember ) (OM. EPIF) 1. Optimum stocking :- No under stocking and NO over stocking 2. Minimize wastage :- Save wastage, No theft or loss of materials 3. Economy in purchasing :- Buy material at lower price with better quality Raw materials 4.Proper quality :- better quality of R.M. with average price 5. Information system :- Data or Information available about stock of materials 6. Fixing Responsibility:- Assign duties and responsibility to the people
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