In project management, the Pareto Principle can be used to:
Allocate equal time and resources to all project tasks.
Focus on the tasks with the most impact on project success.
Address only the tasks with immediate deadlines.
Apply to projects but not to daily operations.
You oversee the inventory management of gear assemblies in a manufacturing facility. The particulars of the inventory are as follows:
Starting Inventory: 150 units
Daily Usage: 8 units
Lead Time: 7 days
Safety Stock: 25 units
Based on the above data, answer the given subquestions.
Based on this information, at what inventory level should you trigger a re-order for gear assemblies?
Initiate a re-order when the inventory level drops to 56 units
Initiate a re-order when the inventory level drops to 81 units
Initiate a re-order when the inventory level drops to 94 units
Initiate a re-order when the inventory level drops to 79 units
You oversee the inventory management of gear assemblies in a manufacturing facility. The particulars of the inventory are as follows:
Starting Inventory: 150 units
Daily Usage: 8 units
Lead Time: 7 days
Safety Stock: 25 units
Based on the above data, answer the given subquestions.
After how many days should you trigger a re-order
7 Days
14 Days
17 Days
9 Days
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The IIT Madras BS Business Data Management (BDM) End Term paper sat on 3 Sept 2023, in the May 2023 term, set QPD1-S2: 17 questions for 40 marks in 180 minutes. The first 3 questions are below. Sign in with Google — it is free — to see the whole paper with its answers and explanations, in learning mode or as a timed mock test.
| Feature | BDM End Term 3 Sept 2023 Set QPD1-S2 at a glance |
|---|---|
| Term | May 2023 term |
| Subject | Business Data Management |
| Course code | BSMS2001 |
| Questions | 17 |
| Marks | 40 |
| Duration | 180 min |
| MCQ | 13 |
| Written | 2 |
| MSQ | 1 |
| Numerical | 1 |
| Official paper | IIT M DIPLOMA ET1 EXAM QPD1 S2 03 Sep |
| Negative marking | No negative marking. |
| Updated |
