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DRIVE
WINTER 2014
PROGRAM
MBADS (SEM 3/SEM 5)
MBAFLEX/ MBA (SEM
3)
PGDOMN (SEM 1)
SUBJECT CODE &
NAME
OM 0013 – ADVANCED
PRODUCTION AND OPERATIONS MANAGEMENT
BK ID - B1935
CREDITS & MARKS
- 4 CREDITS & 60 MARKS
Q1. Write short
notes on: 10 (2.5 marks each)
·
World class manufacturing concept
·
Job analysis method of improving
productivity
·
Siddal’s classification of design
approaches
·
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,
Q2. Differentiate
between infinite and finite loading. Explain sequencing. Mention the rules of
sequencing. (Write the differences between finite and infinite loading, Define
sequencing, List the rules of sequencing) 3, 2, 5
Answer:
Finite loading: It refers to the type of loading
in which jobs are allocated among different work centres, 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 centres and with the specified capacities of each work
centre. In this way, it involves developing a comprehensive
Q3.
Write short notes on:
10 (2.5 marks each)
·
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
Q4. What is
purchasing? Briefly explain the purchasing procedure. (Define purchasing, Write
the activities it encompasses, Briefly describe the purchasing procedure) 1, 1,
8
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.
purchasing
encompasses:
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. (Calculation of
EOQ , Briefly describe situation that led to the use of the EOQ model, Assess
the pre EOQ situation to post EOQ situation, Summarise if EOQ has helped ABC)
3, 2, 3, 2
Answer:
Answer:
Calculation of EOQ
Economic order quantity (EOQ) is
the order quantity of inventory that minimizes the total cost of inventory
management.
Q6.
Write short notes: 10(2.5 marks each)
·
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.
Get fully solved assignment. Buy online from website
online store
or
plz drop a mail with your sub code
we will revert you within 2-3 hour or immediate
Charges rs
125/subject and rs 700/semester only.
if urgent then call us
on 08791490301, 08273413412
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