MB0044 – Productions & Operations Management

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MB0044_MBA_Sem2_Fall/August 2012

Master of Business Administration - MBA Semester 2

MB0044 – Productions & Operations Management- 4 Credits

Assignment Set- 1 (60 Marks)

Note: Each question carries 10 Marks. Answer all the questions.

Q.1 What do you understand by Vendor-Managed Inventory (VMI)?

Answer :  Vendor-managed inventory (VMI) is a family of business models in which the buyer of a product provides certain information to a supplier of that product and the supplier takes full responsibility for maintaining an agreed inventory of the material, usually at the buyer's consumption location (usually a store). A third-party logistics provider can also be involved to make sure that the buyer has the required level of inventory by adjusting the demand and supply gaps.

Q.2 Explain briefly the four classification of scheduling strategies & its approaches.

Answer : Scheduling strategies

A typical scheduling strategy used in Argentinian radio and television is called "pase" (Spanish for a "pass" as in a player passing the ball to another player of the same team). A few minutes before the end of a live broadcast show, followed by another live broadcast show, people from both programmes will share some air time together. This may be used for people from the starting programme to anticipate its contents of the day, or to participate in an ongoing discussion in the previous show, or

Q.3 Define production management. What are the various functions involved in production management?

Answer :  Production management means planning, organising, directing and controlling of production activities.

Production

Q.4 Explain the various phases in project management life cycle.

Answer : Phases of project management life cycle

Project management life cycle has six phases:

·         Analysis and evaluation phase

·         Marketing phase

·         Design phase

·         Execution

·          

Q.5 Explain the ingredients of a business process. Explain Physical Modelling.

Answer :  Ingredients of Business Process

 1) Time: You must understand that time is money. In business, our objective is to make money. Period. But the question is how productively you convert your time into money. Are you making full use of your time or you just let the time pass by you? How much you make depends on how good you are at converting time to money. If you are already productive, then you may want to ask what are the things you can do to improve further the ratio of dollar/second? If you are making $0.01/second, what you can dote

Q.6 Define the term quality. Explain the concept of quality at source.

Answer :  In order thoroughly to examine costs and benefits of schemes aimed at differentiating products and processes on the basis of quality criteria, it is important to define the concept of "quality". Following the definition developed by Grunter and used by Burrell at al. in their report to the EC,7 there are two different approaches to food quality. The holistic approach refers to quality as inclusive of all the desirable characteristics that a product is perceived to have. On the contrary, the excellence approach defines quality only by examining specific characteristics that make a product of better quality or to follow higher standards.

It is also possible

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MB0044_MBA_Sem2_Fall/August 2012

Master of Business Administration - MBA Semester 2

MB0044 – Productions & Operations Management - 4 Credits

Assignment Set- 2 (60 Marks)

Note: Each question carries 10 Marks. Answer all the questions.

Q.1 What is value engineering? Explain the steps involved in Value analysis.

Answer :  Value engineering (VE) is a systematic method to improve the "value" of goods or products and services by using an examination of function. Value, as defined, is the ratio of function to cost. Value can therefore be increased by either improving the function or reducing the cost. It is a primary tenet of value engineering that basic functions be preserved and not be reduced as a consequence of pursuing value improvements.[1]

In

Q.2 Describe dimensions of quality. Which are the quality control tools?

Answer :

Q.3 What are the objectives of layout? Explain the classification of layouts.

Answer :  The main objectives of plant layout is to optimising the process of production process within the plant. such an optimizing results in :

1- Productivity of activities

2-

Q.4 List the benefits of forecasting. Discuss the role of forecasting in modern business context.

Answer : Forecasting benefits

NOT MANY PEOPLE have trouble calculating costs. It takes a little more ingenuity to pin down the benefits. There are three main categories of benefit:

·         Direct cost savings: savings in

Q.5 Mention the significance of plant location decision. Explain the location decision sequence.

Answer :   Units concerning both manufacturing as well as the assembling of the products are on a very large scale affected by the decisions involving the location of the plant. Location of the plant itself becomes a very important factor concerning service facilities, as the plant location decisions are strategic and long-term in nature.

Q.6 What is meant by business process? Explain logical process modelling?

Answer :  What Is a Business Process?

A process is a coordinated set of activities designed to produce a specific outcome. There are processes for saving a file, constructing a building, and cooking a meal. In fact, there is a process for almost everything we do. A business process is a type of process designed to achieve a particular business objective.

Business

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