CDC Volume 1: Introduction to Material
Management - Unit 1 Review Graded A+
What is the purpose of material management in an organization?
✔✔To ensure that the right materials are available at the right time and at the right cost to
support operations.
Why is inventory control crucial in material management?
✔✔It helps track stock levels, prevent shortages, and reduce excess inventory.
What is the primary function of a material requisition system?
✔✔To request materials or supplies needed for a specific task or operation.
Why is it important to conduct regular inventory audits?
✔✔To verify the accuracy of inventory records and ensure that materials are accounted for
properly.
What does the term “just-in-time inventory” refer to?
✔✔A strategy that aims to receive goods only as they are needed, reducing inventory costs.
1
, How does a Material Requirements Planning (MRP) system improve material management?
✔✔It helps forecast material needs, plan procurement, and manage inventory more effectively.
Why is it essential to maintain accurate records of material transactions?
✔✔To ensure transparency, track material usage, and avoid discrepancies in inventory
management.
What is the role of a warehouse in material management?
✔✔To store materials and supplies, ensuring they are available when needed for operations.
What is the impact of poor material management on an organization?
✔✔It can lead to delays, increased costs, and inefficiencies in operations.
Why is it important to categorize materials in a management system?
✔✔It helps streamline the ordering, storage, and retrieval of materials based on their type and
use.
2
Management - Unit 1 Review Graded A+
What is the purpose of material management in an organization?
✔✔To ensure that the right materials are available at the right time and at the right cost to
support operations.
Why is inventory control crucial in material management?
✔✔It helps track stock levels, prevent shortages, and reduce excess inventory.
What is the primary function of a material requisition system?
✔✔To request materials or supplies needed for a specific task or operation.
Why is it important to conduct regular inventory audits?
✔✔To verify the accuracy of inventory records and ensure that materials are accounted for
properly.
What does the term “just-in-time inventory” refer to?
✔✔A strategy that aims to receive goods only as they are needed, reducing inventory costs.
1
, How does a Material Requirements Planning (MRP) system improve material management?
✔✔It helps forecast material needs, plan procurement, and manage inventory more effectively.
Why is it essential to maintain accurate records of material transactions?
✔✔To ensure transparency, track material usage, and avoid discrepancies in inventory
management.
What is the role of a warehouse in material management?
✔✔To store materials and supplies, ensuring they are available when needed for operations.
What is the impact of poor material management on an organization?
✔✔It can lead to delays, increased costs, and inefficiencies in operations.
Why is it important to categorize materials in a management system?
✔✔It helps streamline the ordering, storage, and retrieval of materials based on their type and
use.
2
