APPENDIX:

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Questionnaire
General Question
1.

Name of the corporation:-

2.

Date of Incorporation:-

3.

Year of commencement:-

4.

Name of the product/Products deals in:-

5.

No of Division/units under control

Specific Question

1. What are the objectives of InventoryMgt. in your Organization?

a) Optimum Utilization of inventory

c)

Realization of stock profit

b) Reduced Cost

d)

Any other (Please Specify)

2. What system of ordering material/inventory does your organization

follows?
a) Fixed order quantity system

c)

Fixed periodic System

b) Single Order

d)

E.O.Q. System

e) Any other
3. On what basis do you determined the level of quantity to be procured for
the replenishment of inventory?
a) On the basis of requirement

c)

Both

b) On the basis of estimation

d)

Any Other

4. Why dont you determine E.O.Q. The reasons are:a) Ordering cost is indeterminate
a) Carrying Cost is indeterminate
b) Sometimes even after calculation we have to avoid it.
c) All of the above
d) Any other

5. What methods of issuing materials are followed by your organization?

a) LIFO

c)

FIFO

b) HIFO

d)

Any Other

6. Which technique of inventory control does your organization follows?

a) ABC system

c)

Standardization & Simplification

b) Just-in-time

d)

Any Other

7. Do you feel that safety stock play any role in inventory management?
a) Yes

b)

No

8. If, yes then do you determine Safety Stock?

e) Yes

b)

No

9. At what basis it is determined?

c) Stock out Cost

c)

Stock out cost& Carrying Cost

d) Carrying Cost

d)

Any Other

10. Did you ever face the problem of shortage or excess inventory?
a) Yes

b)

No

11. If yes, In which Year/Years do you face the problem of shortage of

inventory during the study period (1995-96 to 2005-06)?
12.1f yes, In which Year/Years do you face the problem of excess of inventory
during the study period (1995-96 to 2005-06)?

13. Do you evaluate the techniques of inventory management before

application?
a) Yes

b)

No

14. If yes, then which technique do you think is best, to manage the
inventory?
a) ABC Analysis

b) E.O.Q

c) VED Analysis

d) SDE Analysis

e) Inventory Turnover Ratio

e) Any Other
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15. What type of problems do you face while managing inventory?

a) Lack of knowledge of proper method

c) Lack of in time information

b) Delay in decision making

d) Problems of Lead Time

e) Any Other
16. What types of problems do you face in the determination of Lead Time?
a) Executing the order

b) Processing the order

c) Transport problems

d) Delay in supply of order

e) Any Other
17. Do you determine the different Stock levels?
a )Yes

b)

No

18. If yes, then what levels do you determine?

a) Maximum Level

b) Minimum Level

c) Re-order Level

d) Danger Level

e) Average Stock Level

f) All

19. Do you review various stock levels?

b) No

a) Yes

20. If yes, at what interval of time the review is made?

(a) Monthly

(c) Yearly

(b) Quarterly

(d) Any other period

21. What criteria do you follow, for determining re-order level?

(a) Lead time

(c) Lead Time & usage Rate

(b) Usage rate

(d) Any other

22. What is normal percentage of wastage occur in your organization?

(a) Nil

(c) Less than 5%

(b) 5% to 10%

(d) More then 10%

23. At which level normal wastage take place?

(a) Godown level

(c) Final stage

(b) Processing level

(d) Delivering point

in

24. How the treatment of waste material is done?

a) Recycle

b) Sale as scrap

c) Just throw away

d) Any other

25. Is there are different persons for managing different types of inventory?
a) Yes

b) No

26. If yes, then who is responsible for managing different types of inventory?
Types of inventory

Managing Authority

a) Raw material
b) Work in progress
c) Finished goods
27. Does you organization face the under mentioned situation, if so how often
And the degree of loss involved?
Types of situation rarely/mostly/sometimes heavy loss/medium loss/low loss
(a) stock-out
(b) shortage of funds
(c) quality erosion
(d) obsolescence
28. Do you have an inventory policy or procedure manual for inventory
Management?
If yes, please supply a copy of it.
29. On what basis does your company determine the investment in inventory?
a) On the basis of norms set up for such industries.
b) According to your own requirement

c) Any other (Please specify)

30. Is the actual investment in inventories generally remains with the norms
a) yes

b)No

31. If no, then what are the reasons of non-compliance of norms?

IV

32. If it is on basis of norms set up for such industries then where has it has
been given & what is the percentage set up for such investment?

33. Does the policy framed by the govt, is effective for inventory
management?
a) Yes

b) No

34. If no, what kind of policy do you suggest can be effective?

35. Do you have permanent contracts with the suppliers of material or fresh
quotations are invited every item when the material are purchased.

36. Which system is adopted by your organization for keeping the store
record?
a) Bin Card
b) Two Bin System

c) Stock control card

d) Any Other

37. Is the inventory reports are prepared in your organization,

a) yes

b)No

38. What are the main difficulties & drawbacks with regard to inventory
management in your organization? Please give your own views.

39. What suggestions will you give for the improvement of overall inventory
system in your organization?