MAASAI MARA UNIVERSITY
REGULAR UNIVERSITY EXAMINATIONS
2013/2014 ACADEMIC YEAR
FIRST YEAR SECOND SEMESTER
SCHOOL OF BUSINESS & ECONOMICS
DIPLOMA IN BUSINESS MANAGEMENT
COURSE CODE: DBM 09
COURSE TITLE: STORES & MATERIALS MANAGEMENT
DATE: 24TH APRIL 2014 TIME: 2.00PM – 4.30PM
INSTRUCTIONS TO CANDIDATES
Answer question ONE compulsorily then choose any other THREE
QUESTION ONE:
(a) Briefly explain the meaning of inventory. (4 marks)
(b) Discuss the inventory level management techniques. (8 marks)
(c) Explain the meaning of economic order quantity in firms and state its formulae. (5 marks)
(d) Discuss the significance of material management function in organizations. (8 marks)
QUESTION TWO
(a) Discuss the types of sourcing of materials in organizations. (10 marks)
(b) Explain the significance of ethical buying practices in organizations. (5 marks)
QUESTION THREE.
(a) Discuss the procurement challenges in organizations. (10 marks)
(b) Explain the mechanisms in stock management (5 marks)
QUESTION FOUR.
(a) Discuss the significance of budgeting in inventory control.
(10 marks)
(b) Explain the importance of negotiation in materials management. (5 marks)
QUESTION FIVE.
(a) Discuss the importance of computers in inventory management. (10 marks)
(b) Explain the factors that determine the sourcing practices in organizations. (5 marks)
QUESTION SIX.
(a) Discuss in detail how government activities affect the sourcing policies of materials in organizations (10 marks)
(b) Explain the significance of negotiation in the process of materials (5 marks)
