FALL-2015
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Master of Business Administration -
MBA Semester 3
OM0013-Advanced Production and
Operations Management
(Book ID: B1935)
Assignment
(60 Marks)
Note: Answer all questions must be
written within 300 to 400 words each. Each Question carries 10 marks 6 X 10=60
Q1. Write short notes on:
Ø World class
manufacturing concept
Ø Job analysis
method of improving productivity
Ø Siddal’s
classification of design approaches
Ø Expert
opinion poll
Answer. World Class Manufacturing Concept: Have
you wondered why all organisations aim for customer satisfaction? Each and
every organisation aims to achieve maximum profits. In case of manufacturing
organisations, this becomes even more important because they manufacture their
products on their own. All manufacturing organisations strive to satisfy their
customers in terms of quality, delivery, and cost of the product. Organisations
deploy World Class Manufacturing (WCM) techniques and methodologies to achieve
the objective of satisfying the needs of their customers. The concept
Q2. Differentiate between infinite and
finite loading. Explain sequencing. Mention the rules of sequencing.
Answer. Finite loading: It
refers to the type of loading in which jobs are allocated among different work centers,
based on the capacity of each work centre and on the basis of the time required
to perform the jobs individually. Finite loading begins with preparing a list
of jobs to be processed at the work centers and with the specified capacities
of each work centre. In this way, it involves developing a comprehensive
schedule for individual jobs and work centers, considering their individual
capacities.
Q3.
Write short notes on:
· Alfred
Weber’s theory on industrial location
· Relationship
between design capacity , system capacity and actual output
· Aggregate
planning process
· Approaches
to updating MRP
Answer. Alfred Weber’s theory of
industrial location: Alfred Weber, a German economist,
attempted to analyse the factors that influence industrial location. Before
Weber, another German economist Launhardt gave the simple principle of
industrial location based on minimum transport cost. Weber followed Launhardt's
principle in his theory and made it more rigorous and analytical. Ever since
then, his theory is being used in practice. Weber's main interest was to
construct a general theory of location which could be applied to all industries
at all times. He based his
Q4. What is purchasing? Briefly explain
the purchasing procedure.
Answer. Purchasing: In
simple terms, purchasing refers to an act of procuring a product at a specific
price. However, this narrow definition of purchasing has widened in the last 70
years. In a broader sense, purchasing is a managerial activity that aims at
getting the different departments of an organisation the right materials at the
right time in the right quantity from the right source as and when required.
Q5.
Inventory Management at ABC
organization
ABC
is an organization that procures a product PQ from another organisation. ABC
requires 11,000 units of PQ every year. The cost of the product is Rs.5 per
unit and its ordering cost is estimated to be Rs.100 per order. The cost of
carrying inventory is 25%. The consumption rate of PQ in the organization is
uniform. Therefore, ABC needs to spend a huge amount on the procurement of
product PQ. The CEO of ABC called the production manager of the organization to
discuss whether the manufacturing of the product PQ would be more economical
for the organisation.
The
production manager conducts a research and identifies equipment that can be
used for producing PQ. This equipment can yield 100 units of PQ per day. The
cost of producing a single unit of PQ by using the equipment is Rs.3.50 per
unit. In addition, the setup cost of equipment and inventory carrying costs are
Rs.50 per setup and 25%, respectively. From the preceding data, it is found
that the production of product PQ would be more beneficial for ABC. Therefore,
ABC has purchased the equipment and has started in - house production of PQ.
This has reduced the cost of procuring PQ almost five times.
Question: Calculate
the EOQ, Analyse if EOQ has helped ABC in managing inventory.
Answer. Calculation
of EOQ
Economic order quantity (EOQ) is the order
quantity of inventory that minimizes the total cost of inventory management.
We need to minimize the total inventory costs
and EOQ model helps us just do that.
Q6.
Write short notes:
·
Plan-Do-Check-Action(PDCA)
cycle
·
Quality
circles
·
Objectives of
JIT
·
Maintenance
management system
Answer. Plan–Do–Check–Action (PDCA)
cycle: The PDCA cycle refers to the activities that a
company needs to perform in order to inculcate continuous improvement in its
operations. The PDCA cycle includes the following:
Plan: The
managers must evaluate the current process and make plans based on the problems
they find in the processes. It is essential to document all current procedures,
collect data, and identify problems. This data should be analyzed and used to
develop a plan for improvement, as well as to take specific measures to
evaluate performance.
FALL-2015
Get solved
assignments at nominal price of Rs.125 each.
Any issues
mail us at: subjects4u@gmail.com or contact at
09882243490
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