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Title Name | ignou MWR 1 solved assignment 2023 2024 |
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Type | Soft Copy (E-Assignment) .pdf |
University | IGNOU |
Degree | PG DIPLOMA PROGRAMMES |
Course Code | PGCIPWS |
Course Name | POST GRADUATE CERTIFICATE IN INVENTORY PLANNING |
Subject Code | MWR 1 |
Subject Name | Introduction To Inventory Planning |
Year | 2023 2024 |
Session | - |
Language | English Medium |
Assignment Code | MWR-01/Assignmentt-1//2023-24 |
Product Description | Assignment of PGCIPWS (POST GRADUATE CERTIFICATE IN INVENTORY PLANNING) 2023-24. Latest MWR 01 2023-24 Solved Assignment Solutions |
Last Date of IGNOU Assignment Submission | Last Date of Submission of IGNOU MWR-01 (PGCIPWS) 2023-24 Assignment is for January 2023 Session: 30th September, 2023 (for December 2023 Term End Exam). Semester Wise January 2023 Session: 30th March, 2024 (for June 2024 Term End Exam). July 2023 Session: 30th September, 2023 (for December 2023 Term End Exam). |
Assignment Code | MWR 1/2023 2024 |
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Ques 1.
Why do organizations need inventory ?
Ques 2.
What are objectives of inventory management ?
Ques 3.
Describe various types of inventory used in manufacturing setup.
Ques 4.
Describe various costs related to inventory.
Ques 5.
) What do you understand by Economic Order Quantity (EOQ) ? Explain EOQ
using suitable diagram.
Ques 6.
Discuss the fixed quantity order model of inventory control system with a
suitable diagram.
Ques 7.
A television manufacturer requires 24000 pieces of wire (each 2 cm long)
every month for assembly. Ordering cost per order is Rs. 2000 and carrying (or
holding) cost is 25 percent of the unit price. The price per unit of a piece is Rs. 5.
Assuming delivery is instantaneous, find the economic order quantity (EOQ) and
the reorder point.
Ques 8.
Discuss the ABC classification inventory using a suitable diagram
Ques 9.
What are advantages and limitations of using this classification method ?
Ques 10.
A company has the procurement pattern of five items irrespective of their level of
demand as given in the table 1:
Table 1
Item No. Annual Demand (Rs.) No. of orders per year Order Size (Rs.)
Item No. |
Annual Demand (Rs.) |
No. of orders per year |
Order Size (Rs.) |
1 |
10,00,000 |
4 |
2,50,000 |
2 |
6,40,000 |
4 |
1,60,000 |
3 |
9,00,000 |
4 |
22,500 |
4 |
2,500 |
4 |
625 |
5 |
1,600 |
4 |
400 |
Reduce the inventory levels while keeping total number of orders per year the
Ques 11.
What do you mean by independent demand and dependent demand ? Give
examples of each.
Ques 12.
Describe any four major reasons to do demand forecasting.
Ques 13.
Demand for a certain auto component part for the last six months is given in the
Table 2.
Table 2
Month Demand (no. of units)
Month |
Demand (no. of units) |
January |
70 |
February |
75 |
March |
72 |
April |
80 |
May |
85 |
June |
90 |
(a) Forecast the demand of auto component for the month of July using 3-months
moving average method.
Ques 14.
Calculate forecasting error using MAD 5
Ques 15.
Discuss the merits of proper stock accounting system.
Ques 16.
Discuss the merits and demerits of annual stock verifications.
Ques 17.
Discuss the FIFO price method of costing of stock issued and valuation of stock
in hand.
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