OM0017 – ADVANCED PRODUCTION AND PLANNING CONTROL

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FALL 2014

MBA OPERATIONS MANAGEMENT

SEMESTER 4

OM 0017 – ADVANCED PRODUCTION AND PLANNING CONTROL

 (BOOK ID B1342)

ASSIGNMENT-60 MARKS

Q1. Explain the classification of inventory items and control techniques                       

(Always Better Control (ABC) Classification, High, Medium and Low (HML) Classification. Vital,    Essential    and  Desirable    (VED)m Classification, SDE Classification. (Scarce, Difficult, Easy) Fast  moving,  Slow  moving  and  Non-moving    (FSN), Maximum – Minimum System, Two-Bin System, Economic Order Quantity (EOQ)) 10 marks  

Answer-1

Classification of Inventory Items and Control Techniques

In general, equal attention need not be given to all items in the inventory. Knowledge of inventories and a clear understanding helps in establishing an effective inventory control. The extent and nature of control for various items are laid down by the management, based on the priorities laid down by the marketing department. Items

Q2. Elucidate capacity scheduling and aggregate capacity scheduling.              

(Concept of capacity scheduling and approaches-4 marks, aggregate capacity scheduling       main   objectives   of   aggregate   capacity:scheduling, components   in   the   aggregate   capacity            scheduling. They are:strategies in aggregate capacity scheduling-6 marks) 10 marks        

Answer-2

Aggregate Capacity Scheduling

Aggregate capacity scheduling is nothing but the manufacture quantity and timing of production for intermediate future. It combines the production to make an average product, which is expressed in common units such as hours, dollars and so on.

Capacity scheduling is nothing but a scheduling method that matches resource needs to a fixed supply of available resources in order to develop a realistic production plan. In the future, if you are given the resp

Q3. Describe lean and agile manufacturing                                   

(Description lean and agile manufacturing-5 marks, Lean vs agile manufacturing-3 marks, Conclusion-2 marks)10 marks                   

Answer-3

Description lean and agile manufacturing

Lean manufacturing is an organized approach in identifying and eliminating waste through continuous development of manufacturing the product at the demand of the customer. In other words, lean manufacturing is a scheme that looks to produce a high level of output with a minimum of inventory. From the time when Henry Ford invented the assembly line, industrial trendsetters have continuously focused on enhancement through a variety of different manufacturing techniques and this is where the lean manufacturing was successful. In the

Q4. Outline scheduling guidelines and constraints.                                   

(scheduling guidelines- 5 marks,scheduling constraints-5 marks) 10 marks                   

Answer-4

Scheduling Guidelines

If a system were to be credible, realistic scheduling is a must. For a firm to be successful, the following guidelines for job scheduling and loading work centers are essential. Following are the scheduling guidelines:

Q5. Write short notes on:

·         Master Production schedule

·         Gantt charts

·         Elements of FMS(Flexible Manufacturing System)

·         Short term capacity planning

Answer:

Master Production Schedule (MPS)

The purpose of MPS is to meet the demand of individual products. It is a schedule, which shows how many individual products could be produced according to the customer orders and demand forecasts.

A master production schedule (MPS) is a plan for production, staffing, inventory management, and so on. This plan forecasts when and how much of each product will be demanded. This plan measures important parts,

Q6. What are the problems or criticisms of outsourcing                                      

(Quality risks, Public opinion, Language skill, Social responsibility, Quality of service, Staff turnover, Company knowledge, Qualifications of outsourcers) 10 marks  

Answer-6

Quality risks: The operational issues result in defective product or service. Quality risk in outsourcing can be due to many factors such as differences in understanding between the buyer and the supplier about exact quality requirement, information asymmetry, high supplier switching costs, poorn buyer-seller communication, lack of suppliers‟ capability, buyer-supplier contract enforceability and so on.

Public opinion: It is a known concern that ou

Dear students get fully solved  SMU MBA Fall 2014 assignments

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