MS-05 - Management of Machines and Materials

 

Get fully solved assignments.

For queries mail us at: subjects4u@gmail.com or WhatsApp at

+91 8728863595

 

 

Management Programme

 

MS-05: Management of Machines and Materials

 

Q1. “Product development and design is basically a research and development activity”. Elaborate the statement with suitable examples.

Ans. Product development typically refers to all of the stages involved in bringing a product from concept or idea through market release and beyond. In other words, product development incorporates a product’s entire journey.

 

There are many steps to this process, and it’s not the same path for every organization, but these are the most common stages through which products typically progress:

 

Identifying a market need—Products solve problems. Identifying a problem that needs solving (or a better way of being solved) is where this journey should begin. Conversations with potential customers, surveys, and other user research activities can inform this step.

Quantifying the opportunity—Not every problem is problematic enough to warrant a product-based solution. The pain it causes and the number of people or organizations it impacts can determine whether it’s a worthy problem to solve and if people are willing to pay for a solution (be it with money or their data).

Conceptualizing the product—Some solutions may be obvious, while others may be less intuitive. Here’s where the team puts in the effort and applies their creativity to devising how a product might serve its needs.

Validating the solution—Before too much time is spent prototyping and design, whether the proposed solution is viable should be tested. This can still happen at the conceptual level. Still, it is an early test to see whether the particular product idea is worth pursuing further or if it will be rejected or only lightly adopted by the target user.

Building the product roadmap—With a legitimate product concept in hand, product management can build out the product roadmap, identifying which themes and goals are central to develop first to solve the most significant pain points and spark adoption.

Developing a minimum viable product (MVP)—This initial version of the product needs just enough functionality to be used by customers.

 

Q2. Please explain why the in-process inventory is likely to be higher for an intermittent operation than for a continuous flow operation?

Ans.

 

Q3. Define job design. List the important factors that must be addressed in job design and briefly discuss the importance of each one.

Ans.

 

Q4. What is the utility of maintenance performance indices? Discuss a few of them.

Ans.

 

Q5. What do you understand by automated storage and retrieval? For what kinds of goods and in which companies in India do you think such systems would be appropriate?

Ans.

 

 

 

Get fully solved assignments.

For queries mail us at: subjects4u@gmail.com or WhatsApp at

+91 8728863595