IGNOU MBALS MMPL 2 SOLVED ASSIGNMENT

Included:

MMPL 002 (July 2025 - January 2026) - ENGLISH

Course Code

MMPL-002

Course Title

: :

: :

Inventory and Stores Management

Assignment Code :

MMPL-002/TMA/JUL/2025

Coverage

: All Blocks

Note: Attempt all the questions and submit this assignment to the coordinator of your study centre. Last date of submission for July 2025 session is 31st October, 2025 and January 2026 session is 30th April, 2026.

1.Define inventory and explain its types, functions, and significance in supply chain operations. Discuss how effective inventory control contributes to cost efficiency, customer satisfaction, and operational continuity.

2. What is the Economic Order Quantity (EOQ)? Derive the EOQ formula with assumptions and explain how it helps in minimizing the total inventory cost. Illustrate with a numerical example.

3.Describe the concepts of Material Requirements Planning (MRP-I) and Manufacturing Resource Planning (MRP-II). How do these systems enhance inventory accuracy and production alignment? Highlight key differences between the two.

4.Discuss the essential functions of stores management including receipt, inspection, storage, issue, and record-keeping. Explain how systematic stores operations ensure transparency, loss prevention, and audit readiness.

5. Write short notes on any two of the following:

a. ABC and VED Analysis

b. Buffer Stock vs. Reorder Level

c. Warehousing Safety and Security Measures

d. Legal Framework Governing Warehousing Operations

MMPL 002 (July 2026 - January 2027) - ENGLISH

ASSIGNMENT
Course Code : MMPL-002
Course Title : Inventory and Stores Management
Assignment Code : MMPL-002/TMA/JUL/2025
Coverage : All Blocks
Note: Attempt all the questions and submit this assignment to the coordinator of yourstudy centre. Last date of submission for July 2026 session is 31st October, 2026 and
January 2027 session is 30th April, 2027.
1. (a) Compare and contrast ABC Analysis (Value-based) and VED Analysis (Criticality-based).
How can a store manager integrate these two distinct approaches into an ABC-VED Matrix
for optimal resource allocation?
(b) Differentiate clearly between Buffer Stock (Safety Stock) and the Reorder Level (ROL).
Discuss how supply lead time variations affect the determination of the reorder point.
2. (a)"A poorly managed storehouse acts as a leaky bucket for corporate capital." Comment on this
statement by outlining the essential operational functions of stores management from receipt
to issue.
(b) Explain how implementing systematic store processes ensures transparent records, physical
loss prevention, and absolute audit readiness..
3. (a) Distinguish between Material Requirements Planning (MRP-I) and Manufacturing Resource
Planning (MRP-II) systems. How do these systems collectively enhance inventory accuracy
and production alignment in a volatile market?
(b) Explain the role of the Bill of Materials (BOM) and the Master Production Schedule (MPS)
as primary inputs to an MRP system.
4. (a) State the core objective of the Economic Order Quantity (EOQ) model. Mathematically derive
the basic EOQ formula, clearly stating all underlying assumptions.
(b) An engineering firm has an annual demand of 12,000 units for a component. The ordering
cost is Rs 600 per order, and the carrying cost is 20% of the unit purchase price of Rs 100 per
year. Calculate the Economic Order Quantity (EOQ) and the total minimum variable inventory
cost.
5. (a)"Inventory is often viewed as a graveyard of modern businesses, yet its absence can
completely paralyze supply chain operations." Critically evaluate this statement by discussing the
strategic functions and types of inventory in modern supply chains.
(b) Analyze how strategic inventory control strikes a balance between cost efficiency, customer
satisfaction, and operational continuity.

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