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DRIVE
fall
2016
PROGRAM
BBA
SEMESTER
V
SUBJECT
CODE & NAME
BBA
501-PRODUCTION
1 Write short notes
on:
a. Production
Management
b. Objectives of
Operations Management
c. Reverse
Engineering
d. Production
Planning and Control
Answer: a) Production
Management
The
domain of Production and Operations Management (POM) is not only limited to the
production of goods and services, but it also comprises all the activities that
are related to the process of production. The term ‘production’ is applicable to
entities like manufacturing units, machinery, equipment, assembly lines, etc. Fundamentally,
it is linked to manufacturing. In the past, focus was on manufacturing
2 What is the
purpose of sales forecasting? Explain following methods of time series analysis
for forecasting:
a. Simple average
method
b. Moving average
method
c. Exponential
smoothing
d. Trend
projections
Answer: Purpose
of Sales Forecasting
The
essentiality and significance of sales forecasting can be summarized as
follows:
(i)
It
determines the scale of production and its rate.
(ii)
It
lays a base for a variety of budgets like production, labour, material, etc.
(iii)
It
provides inputs on the need for a hike in scope/growth of plant.
(iv)
It
3 What do you mean
by Operation Strategy? Discuss various operations strategies in services.
Meaning of Operation Strategy
Operation strategies in services
Answer: Meaning
of Operations Strategy
Strategy
means a planned methodology to complete a given job. Since we are talking about
business strategy, we mean to adopt and execute all skills, techniques and
procedures for achieving the aims and objectives of the corporate body. Broadly
speaking, the first step is to identify the objective and formulate the policy
plan. The next step is to collect the resources and do all that is necessary to
convert the plan into reality.
4 Define materials
management and state its importance and functions.
Definition of material Management
Importance of Material management
Functions of Material management
Answer: Definition
of Materials Management
Materials
management can be defined as controlling, organizing and managing materials/stock
so that it guarantees the maximum return for a business. It involves
determining the purchase, location, storage, account-
5 What is PERT?
Explain the applications and advantages of PERT.
Definition of PERT
Application of PERT
Advantages of PERT
Answer: PERT or
project evaluation and review technique was developed for the US Navy’s Polaris
missile project in the late 1950s. This was a massive project involving over
3,000 contractors. Because most of the activities had never been done before,
PERT was developed to handle uncertain time estimates of the various jobs or
activities. Consequently, PERT was
developed with the objective of being able to
Q6.
Define Work Measurement and state its objectives and techniques.
Definition
of Work Measurement.
Objectives
of Work Measurement
Techniques
of Work Measurement.
Answer:
Work
Measurement is a technique to find out the time required to do any activity at
a predetermined level of performance by a qualified worker. In other words, it is
a technique to develop time standards for the performing jobs.
To
establish usable standards, the operation must first be trained to do a particular
job. These methods analysis and study
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