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Cork Institute of Technology
Bachelor of Engineering (Honours) in Electronic Engineering - Stage 3
(NFQ – Level 8)
Spring 2007
MANAGEMENT
(Time: 2.5 Hours)
Answer four questions, two questions from each section.
Use separate answer books for each section.
Examiners: Ms. I.A. Sheridan Ms. A. Hackett Prof. G. Hurley Dr. S. Foley
Section A
Q1. (a) What is meant by the term ‘Supply Chain Management’. Describe how
effective Supply Chain Management can benefit a manufacturing organisation. [10 marks]
(b) Explain the importance of effective inventory management including advantages and disadvantages of holding inventory and the associated costs. [10 marks]
(c) Summarise what is meant by ‘Economic Order Quantity’. Illustrate your answer by means of a sketch. [5 marks]
Q2. (a) Describe briefly the Documentation System needed to meet the requirements of the ISO 9001 Quality Management System Standard. [6 marks]
(b) Write Short Notes on the following: Quality Policy Quality Manual Documentation Control. [9 marks]
(c) Summarise the Sections of the ISO 9001 Standard that deal with the design function, giving examples where relevant. [10 marks]
Q3. (a) Discuss the ISO 14000 Environmental Management System standard in the context of a modern Electronic Manufacturing organisation. Your discussion should include the implementation and operation of the standard. [10 marks]
(b) Describe three typical aspects of the manufacturing process that could be considered to have environmental impacts and propose targets that might be set for improved environmental performance. [10 marks]
(c) Outline briefly the employee’s responsibilities under the Health Safety and Welfare at work Act. [5 marks]
Section B
Q4. (a) Compare and contrast private and manufacturer brands.
[13 marks] (b) List five benefits of branding for sellers. [6 marks]
(c) Describe brand extensions. [6 marks]
Q5. (a) Describe five factors affecting pricing decisions. [12 marks] (b) Describe demand oriented pricing. (^) [13 marks]
Q6. (a) Compare ordinary and preference shares.
[10 marks] (b) Ratio analysis on its own is not sufficient for interpreting company accounts. List some other items of information which should be looked at. [6 marks]
(c) What is the stock turnover ratio and why does business regard this figure as being important? [9 marks]
