OM0010 - OPERATIONS MANAGEMENT

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ASSIGNMENT

DRIVE	SPRING 2014
PROGRAM	MBADS – (SEM 4/SEM 6) / MBAN2 / MBAFLEX – (SEM 4) / PGDFMN – (SEM 2)
SUBJECT CODE & NAME	OM0010 - OPERATIONS MANAGEMENT
SEMESTER	3
CREDITS	4
MARKS	60

Note: Answer all questions. Kindly note that answers for 10 marks questions should be approximately of 400 words. Each question is followed by evaluation scheme.

1 What are the objectives of inventory management? Explain the types of inventory

Answer : "Inventory Management"

Inventory management is the active control program which allows the management of sales, purchases and payments.

Inventory management software helps create invoices, purchase orders, receiving lists, payment receipts and can print bar coded labels. An

2 Explain the steps in engineering service process.

A Explanation of steps in engineering service process

Answer : World-class businesses make large investments in business process re-engineering. They identify areas of redundancy and streamline their processes to reduce workloads and make work more efficient. While it’s been within the domain of the World’s largest companies for over a decade, technology has brought business process re-engineering to the enterprise masses. Following three simple steps you can start a process re-

3 Explain the various types of demand.

 Answer : Marketing management has the task of influenc­ing the level, timings and composition of demand in a way that will help the organization to achieve its objectives.  Also, A marketer has to take into consideration different types of demand for his product before he comes up with a strategy.

1 ] Negative Demand

4 Define operations strategy . What are the factors influencing operations strategy? explain the types of operations strategy.

Answer : Operational plans are part of the overall goals and interests of a business. Managers use these plans to translate operational strategies. Operational plans set out the objectives, functions, priorities and obligations of each operation, process or department of an entity. The aim of these plans is to direct the organization and ensure operational control. There are three main factors that influence operational plans.

Operational Plan Contents

5 What is Markov analysis? Give some important applications of Markov analysis.

Answer : The Markov module provides a visual interface to construct the state transition diagram and then uses numerical integration to solve the problem. The state transition diagram represents the discrete states of the system and the possible transitions between those states.

The Markov module models multiple phases representing continuous or discrete transitions. The module also analyses non-homogeneous processes by allowing time dependent transition rates to be defined. The phases allow the system lifetime to be split into periods representing (for example) preventative maintenance or standby.

6 State the factors influencing decision making.

Answer : Setting up a System

Decisions are not made impulsively in small organizations. Decisions require a lot of thought and preparation. Managers must weigh various options and understand the outcomes of decisions. Therefore, most decisions are made in groups. The key is determining who should be involved in the decision-making process. For example, a decision about a new product may rest with those in product management, marketing research and

Dear students get fully solved assignments

Send your semester & Specialization name to our mail id :

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or

Call us at : 08263069601

(Prefer mailing. Call in emergency )