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DRIVE SPRING 2016
PROGRAM MBA
SEMESTER IV
SUBJECT CODE & NAME OM 0017 – ADVANCED PRODUCTION
PLANNING AND
CONTROL
1
Explain Descriptive and Normative Theories of production planning and control.
Descriptive
Theory
Normative Theory
Answer: The scope of production planning and control is extended to
almost all the operations in the production process. Its scope is discussed as
follows:
Ø Liason with purchase department for
2 Explain the concept of Master
Schedule. Also define Time Horizon of Master Schedule.
Concept of
Master Schedule
Time Horizon of
Master Schedule
Answer: Master
schedule is the presentation of the production schedule at the summary level,
depicting various key elements, resulting from the process of master
scheduling. In simple words, it can also be said that the master schedule is a
plan or format that integrates and relates other production processes such as
demand management, inventory planning and capacity planning. It is
3
Write short notes on the following
a.
Hybrid system
b.
What-if stimulation
c.
Turnkey or off-the-shelf solutions
d.
Management by Objectives (MOB)
Answer: a) The two types of systems to develop production planning and
control process are push or pull. MRP (Material Requirements Planning) is a
type of push system and kanban is a type of pull system. In simple words, push
and pull can be described as the movement of a product in t
4
Define Production planning. Briefly explain various levels of Production
Planning.
Production
planning
Levels of
Production Planning
Answer: Alford
and Beatty define production planning as “The Technique of foreseeing or
picturing ahead, every step in a long series of separate operations, each step
to be taken in the right place,
5
Differentiate between Mass Production and Batch Production.
Mass Production
Batch Production
Answer: Mass
Production
A term sometimes used in the popular press for a
line process that uses the make-to-stock strategy. Mass production is the
process of producing similar types of goods in large numbers. It often uses
assembly line technology for production. Mass production is a low-cost,
6
Write short notes on the following
a.
Benchmarking
b.
Budgeting
c.
Target Costing
d.
Kaizen Costing
e.
Cost Centre
Answer: a) Benchmarking
can be defined as the process of identifying certain practices or standards
within and outside the organisation. These set practices or standards are
referred as benchmarks and are used for comparison of on-going business
activities and costs. The
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