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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 the following:
a.
Types of Operational Strategies
b.
Current Trends in Operations Management
c.
Types of benchmarking
d.
Automated assembly lines
Answer.
a. Types of Operational Strategies
Capacity
adjustment strategy: This
influences the way the operation adjusts its capacity in response to changes,
or forecast changes, and demand for its products and services.
Supplier
development strategy: This
influences how the operation chooses, develops and works with its suppliers.
Inventory
strategy: This influences how
the operation plans, monitors and controls the flow of materials through its
processes.
Q2.
Describe Computer-Aided Manufacturing (CAM)
Answer.
Computer Aided Manufacturing or CAM helps firms to manufacture quality products according to customer
demands in a short time and also to meet the increasing competition level in a
short time. By using CAM systems in manufacturing processes important changes
can be brought about in the firms’ performance measurement systems. The general
approach in performance measurement systems is based on theoretical frame that,
different manufacturing environments need to sort different types of measures
to assess organisational performance.
Q3.
Explain various factors affecting a facility location.
Answer.
Factors affecting a facility location
Availability
of power: Power is essential
to move the wheels of an industry. Coal, electricity, oil and natural gas are
the sources of power. In the case of iron and steel industry, where coal is the
basic source of power, the factory should be located near the coal mines.
Q4.
Organization: Fortune solutions
The
market place for pharmaceutical companies is highly competitive. As a result
there is a need for a flexible, accurate and responsive global planning process
to support the key factors of rapid time to market, rapid response to demand
changes, low costs. Each difficult to combine and form a global view of demand
and supply and to maximise sales opportunities. The requirement was to create a
standard SOP process to be used at all the supply chains, incorporating company
and industry best practice. The solution for this problem was developed as
follows: A workshop analyzed all SOP models used within the company and
compared these with business requirements and best practice. As a result of
combined SOP models, the organisation was able to develop a best fit SOP model
that could be rolled out across the company. The workshop produced a detailed
documentation which described about inputs, meeting agendas and attendees,
outputs, key performance indicators for each stage of the process.
A
simulation of the full SOP model was developed that enabled final design
improvements to be made and training of process participants and key
stakeholders. This allowed a successful implementation plan to be developed.
Upon implementing, the process was tried on trial run for a period of 4 months
to facilitate fine tuning. The resulting SOP model was then rolled out across
the company to achieve full benefits. The rapid implementation of a
standardized SOP process gave immediate benefits to the fortune solutions in
terms of:
Ø Increased customer service level and
superior product availability.
Ø Reduced costs from higher resource utilization,
reduced waste.
Ø Improved cash flow due to optimized
inventory and improved schedule adherence.
Give
the reason for developing a standardized SOP process. How was the solution
developed? What are the benefits of a standardized SOP process.
Answer.
The market place for
pharmaceutical companies is highly competitive. As a result there is a need for
a flexible, accurate and responsive global planning process to support the key
factors of rapid time to market, rapid response to demand changes, low costs.
Each difficult to combine and form a global view of
demand and supply and to maximize sales opportunities.
The requirement was to create a standard SOP process
to be used at all the supply chains,
Q5.
What is new product development? Explain the impact of internet on new product
development.
Answer.
Different activities
involved in the New Product Development (NPD) process that match the
requirements include speed, convenience, interactivity and the world wide
coverage of the internet. NPD involves uncertainties and risks and also
requires the firms to take into account the views of the customers and also to
introduce new products to market. Recent researches have consistently shown
that a high-quality process is one of the most crucial success factors in NPD.
Q6.
Write short notes on the following:
a.
Value Stream Mapping
b.
Benefits of JIT
c.
Ideal Production System
Answer.
a. Value Stream Mapping
VSM signifies a type of flow chart that is used by
an organisation to portray and enhance the quality of information and inventory
flow. VSM helps an organisation to simplify the flow of information, and also
ensures that the products produced by the organisation satisfy the needs and
requirements of the customers. In addition, VSM enables an organisation to
minimize the wastage of resources, and ensure that customers receive optimum
value from the products. It should be noted that the information in a VSM is
depicted with the help of symbols that are
Spring-2016
Get solved
assignments at nominal price of Rs.125 each.
Mail us at: subjects4u@gmail.com or contact at
09882243490
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