Analyses For Aspects of Materials Planning - Controlling Material Wastage - Operstions Management Assignment Help

Assignment Task :

Question 1

The VED (Vital, Essential, Desirable) analysis of these 25 materials revealed that: (a) “M1”, “M4”, “M10”, “M11”, “M14”, and “M20” are Vital materials; (b) “M2”, “M6”, “M7” “M8”, “M12”, “M16”, and “M18” are Essential materials; and (c) the rest are Desirable ones in the ongoing contract works of your division. Suggest your recommendations based on combined ABC and VED analyses for any two aspects of materials planning and management in this organisation, i.e. from the list below: 

i. Stock of materials 

ii. Monitoring material flow and usage 

iii. Controlling material wastages 

Question 2:

By assuming suitable examples/ cases, discuss your strategies and recommendations for any two of following: 

i. security of costly inventories in project sites 

ii. maintaining buffer stocks of hazardous materials in a warehouse or central storage 

iii. obsolescence mitigation for your stock of volatile materials in your division 

iv. avoiding and reducing controllable material wastages in your contract works 

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