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DRIVE SPRING 2016
PROGRAM MBA
SEMESTER III
SUBJECT CODE & NAME OM 0013 – ADVANCED PRODUCTION
AND OPERATIONS
MANAGEMENT
1
Write short notes on the following:
Types
of Operational Strategies
Current
Trends in Operations Management
Types
of benchmarking
Automated
assembly lines
Answer: 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
2
Describe Computer-Aided Manufacturing (CAM)
Computer-Aided Manufacturing (CAM)
Applications of Computer-Aided
Manufacturing (CAM)
Benefits of Computer-Aided Manufacturing
(CAM)
Problems of 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
3 Explain
various factors affecting a facility location.
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
4 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 analysed 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 standardised 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
utilisation, 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.
5
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
6 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
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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