CDC's Volume 4 Material Management Questions and Answers Already Passed

CDC's Volume 4 Material Management Questions and Answers Already Passed What does a stock requisition process typically involve? A stock requisition process involves identifying material needs, requesting items from inventory, and processing orders to fulfill the request. What is the purpose of a Material Management System (MMS)? A Material Management System tracks materials from procurement to storage, ensuring accurate inventory levels and timely distribution. Why is it essential to maintain accurate inventory records? Accurate inventory records help to prevent stockouts, reduce overstocking, and ensure that materials are available when needed for operations. How is surplus material handled in material management? Surplus material is either returned to the supply chain for redistribution, sold, or disposed of according to established guidelines. 2 What is the role of a Material Management Control Officer (MMCO)? A MMCO oversees the entire material management process, ensuring that material orders, inventory management, and distribution meet operational requirements. What should be done if a material discrepancy is found in inventory records? A material discrepancy should be reported immediately, and a physical inventory check should be conducted to resolve the issue and update records accordingly. How is the ABC inventory classification method used? The ABC classification method categorizes inventory based on value and importance, with 'A' being high-value, 'B' medium-value, and 'C' low-value items. What is a bin card and its purpose in material management? A bin card is used to track inventory levels of materials stored in specific bins, helping maintain accurate stock records and prevent errors in inventory control. How does the just-in-time (JIT) inventory system help in material management? The JIT system minimizes inventory by ordering materials only when needed for production, reducing storage costs and waste. 3 What is the significance of conducting regular physical inventory audits? Regular physical inventory audits ensure that stock records are accurate, discrepancies are identified and corrected, and materials are properly accounted for. How are hazardous materials managed in material management? Hazardous materials are handled with special care, following strict storage, labeling, and disposal procedures to ensure safety and regulatory compliance. What does a Material Requirement Planning (MRP) system help manage? MRP helps plan the procurement and scheduling of materials to meet production needs, optimizing inventory levels and ensuring material availability. How does cycle counting differ from annual physical inventories? Cycle counting involves regularly checking a small portion of inventory throughout the year, while annual physical inventories check all items at once. Why is it important to monitor material expiration dates? 4 Monitoring material expiration dates ensures that items are used before they become obsolete, reducing waste and maintaining operational efficiency. How is material traceability ensured in a material management system? Material traceability is ensured by maintaining detailed records of each item's movement, from receipt to storage to usage, for accountability and compliance. What is the purpose of a material handling system in warehousing? A material handling system is designed to safely and efficiently move materials within the warehouse, reducing handling time and minimizing the risk of damage. What is the difference between centralized and