GDMM (MODULE 3)
PAPER – 10
INVENTORY MANAGEMENT
Assignment no-1
Q1. Define inventory control. Explain the various methods of selective inventory control
Q.2.Why is codification of inventory is essential? Explain how it leads to standardization
and variety reduction of inventory.
Assignment No. 2
Q.1.If, annual demand is 500nos, unit ordering cost is Rs.90/- , Inventory carrying cost
is 30% and price is Rs.30 per unit, calculate ordering cost & EOQ.
Q.2 Write short notes on any two:-
(a) Safety stock
(b) Disposal of inventory
(c). Fixed interval system of inventory
(d) Accounting for inventory