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NMIMS
Master of
Business Administration - MBA Semester 2
Operations Management
Q1. List down briefly the various inventory
management techniques prevalent in the industry. Discuss how some of these
techniques would be applicable to a Medical Store in effective management of
their inventories, i.e medical supplies.
Answer. An unused resource of any kind, which has
considerable potential in value, is termed as inventory. Inventory is a list of
goods (both finished and semi-finished), work in progress and raw materials
that are held in stock by business organisations. Companies use inventory in
order to meet the future demands in production, repair, maintenance,
construction, etc. Inventory is considered as one of the most important assets
of an organisation. An effective inventory management is vital for both
manufacturers and service organisations, though
Q2. In the competitive business environment,
there is a lot of strategic pressure on established companies to compete with
the cheaper substitutes as well as maintain quality at the same time. Also
there is a recent trend amongst consumers for "first copy/
duplicates" of branded products. Why do you think that these so called
"Chinese manufacturers" are able to make products cheaper than most
other products available? Also how do you think can competing and maintaining
quality be achievable for companies for original branded products like Cadbury,
Rayban, etc to tackle the other duplicate products?
Answer. The present day world is often called as a
flat world because of revolution in transport, communication and technological
advancement. The present day environment in which the business enterprises
operate is so dynamic and fast-changing that the business enterprises are
finding it extremely difficult to operate. There are high level of
uncertainties, threats and constraints from different quarters and due to this
business corporations are finding it extremely difficult to survive. In the
highly dynamic business environment today, companies compete with each other
for the customer’s attention as well as the market share. For capturing the
necessary market share and retaining its flagship position, each company has to
analyse.
Q3. ABC Ltd is a leading corporate in India in
FMCG. After an extensive research by their Marketing department they found out
they should diversify into Foods & Beverages. The top management decided to
get in the manufacturing of a coconut flavoured soft drink and a coconut
flavoured milk based drink. Pumping capital in the venture into the business is
not a major concern for the company as they have many regular investors on
hand. The company would like to have a major presence with a pan India
distribution network
a. Do you think the idea of getting into the
business of a coconut flavoured drinks a feasible business/ product on for a
FMCG company? Give your views with reasons.
b. Assuming that the business idea would have
a very encouraging response, suggest a suitable plant location to set up the
beverage manufacturing. Give reasons for the same.
Answer. a) Entrepreneurs have the power to alter the
economy, industries and market situations. They invent new products and also
try to develop the existing products and product designs. They try to achieve
the desired goal within the frame work of business/cultural ethics. Many
innovations have transformed the society and altered its living pattern. There
are many soft drinks available in the market which is quite popular among the
customers. When you enter in a popular market, it is difficult to enter in any
new segment. It is relatively easy for an entrepreneur to enter in already
established market to start any business.
Get fully solved
assignments.
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