Sunday, 13 November 2016

om0017 smu mba fall 2016 (jan/feb 2017 exam) IVth sem assignment

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DRIVE
fall 2016
PROGRAM
MBA
SEMESTER
IV
SUBJECT CODE & NAME
OM 0017 – ADVANCED PRODUCTION AND PLANNING CONTROL

Q.1: Explain Various Functions of Production Planning and Control.
Explain Various Functions of Production Planning and Control.
Answer:
The main functions of PPC are the coordination of all the activities, which exist during production or manufacturing.

Materials : This function is concerned with ensuring that the Raw material, standard finished parts, finished parts

Q.2: Explain the concept of Master Schedule. Also define the Characteristics of the master schedule.
A Concept of Master Schedule
 Characteristics of the master schedule
ANS:
Concept of Master Schedule:
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

Q.3: Define the various steps of VA.
A Various steps of VA
ANS:

Various steps of VA:
Step 1:Information stageIn the first step, all the relevant information about the material is collected. This information comprises cost, manufacturing methods, performance characteristics, etc. It is not only the first step but

Q.4: Write Short notes on
a. Hybrid 1: MRP with lean principles
b. Hybrid 2: Kanban with MRP planning
c. Hybrid 3: MRP for capacity and long lead time
d. Hybrid 4: Pull system with spike control
ANS:
a. Hybrid 1: MRP with lean principles:
When the demand pattern is very stable and has a radical design change of product, most of the planning and execution can be achieved by using MRP. However, to provide better stability to the system, some of the lean


Q.5: Differentiate between Mass Production and Batch Production.
A Mass Production
Batch Production
ANS:

Mass Production: 
A term sometimes used in the popular press for a line process that uses the make-to-stock strategy. Mass production is

Q.6: Elaborate various Elements of cost.
A Elements of cost
ANS:

Elements of cost:
The total cost consists of


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