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DRIVE- WINTER 2015
PROGRAM- MBADS/
MBAFLEX/ MBAHCSN3/ MBAN2/ PGDBAN2
SEMESTER-II
SUBJECT CODE &
NAME-MB 0044 - PRODUCTION AND OPERATION MANAGEMENT
Q1.
What is value engineering? List the main
benefits of value engineering? A Definition and explanation of Value Engineering
(VE)
·
Definition -1
·
Example/s -2
·
Where is it used?-1
·
Why is it used? -2
·
How is it helps the organisation? -2
Listing
of the main benefits (any four): -2
·
Cost reduction
·
Overall cost consciousness
·
Culture of effecting savings
across organizations
·
Streamlining of administration
·
Development of reliable suppliers
Answer.
Value
Engineering (VE) or value analysis
Definition
It is a methodology by which we
try to minimize the cost and improve the revenue of a product or an operation.
This methodology is widely used in business reengineering, government projects,
automakers, transportation and distribution, industrial equipment,
construction, assembling and machining processes, health care and environmental
engineering, and many other
Q2. (Case Study) Why did SABMilller revamp its supply chain?
Describe the domain application used for SCM integration?
(Analysis
of the major and minor issues for revamping the supply chain with evidence-5, Description
of the SAP system, why it was used and the benefits from using the system-5) 10
marks
Answer.
Reason
to revamping its supply chain
SABMilller, the $24bn global
brewing giant, is revamping its supply chain management system to reduce
stock-outs caused by an increasingly complex and hard to predict market. The
firm is developing and testing the new system in South Africa with an eye on
rolling it out to group companies worldwide, says SABMiller program
manager Rudi van Schoor. The trigger for the
Q3.
Write short notes on:
·
Ingredients of a business process
·
Acceptance sampling
·
Work Breakdown Structure
·
Productivity
(Ingredients
of a business process, Acceptance sampling, Work Breakdown Structure,
Productivity) 10 marks 2.5 marks each
Answer.
Ingredients
of a business process
Running a successful business requires a delicate
mix of many different ingredients. By paying attention to these 3 key
ingredients you are sure to be onto a winning recipe.
The key to business
Q4. Collaborative Forecasting
Running Smoothly at Brooks Sports (Case Study)
What is the main issue of the
case study? Analyze the forecasting solution.
(Description
of the main issue (forecasting process needed to change), forecasting
challenges-4, Evaluation of the collaborative forecasting process, Evaluation-4,
Conclusion on whether the solution could be improved or not-2) 10 marks
Answer.
Main
issue of the case study
The
main theme of the case study is to change the forecasting process of the
company to make the company grow because existing forecasting process is
entirely based on the judgment of the sales team.
Forecasting challenges
The strategy shift created a number
of forecasting challenges for Brooks including:
♦ Inconsistent style growth
Q5.
Explain the risk management and its various components.
(Definition
of risk management and what it entails, Description of the four components of
risk management-2, Risk assessment-2, Risk control-2.5, Risk prioritizing-1, Risk
mitigation-2.5) 10 marks
Answer.
Risk management
Risk
management aims to identify the risks and then take actions to minimize their
effect on the project. Risk
management entails additional cost. Hence, risk management can be considered
cost-effective only if the cost of risk management is considerably less than
the cost incurred if the risk materialises.
Four important components in risk
management are risk assessment, risk control, risk prioritising, and risk
mitigation as depicted
Q6.
Why redesign of layouts may be necessary? List the differences between product
and process layout.
(Listing of reasons why redesigning
of existing layout is required-5, Listing of any five differences-5) 10 marks
Answer.
The primary objective of plant
layout is to increase productivity and also to ensure employee satisfaction and
lowering the costs.
Redesigning of a layout There are several reasons as to why
a redesigning of an existing layout may be required. These are as follows:
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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