OM0013 – ADVANCED PRODUCTION AND OPERATIONS MANAGEMENT

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DRIVE

WINTER 2014

PROGRAM

MBADS (SEM 3/SEM 5)

MBAFLEX/ MBA (SEM 3)

PGDOMN (SEM 1)

SUBJECT CODE & NAME

OM 0013 – ADVANCED PRODUCTION AND OPERATIONS MANAGEMENT

BK ID - B1935

CREDITS & MARKS - 4 CREDITS & 60 MARKS

Q1. Write short notes on: 10 (2.5 marks each)

·         World class manufacturing concept

·         Job analysis method of improving productivity

·         Siddal’s classification of design approaches

·         Expert opinion poll

Answer: World Class Manufacturing Concept: Have you wondered why all organisations aim for customer satisfaction? Each and every organisation aims to achieve maximum profits. In case of manufacturing organisations, this becomes even more important because they manufacture their products on their own. All manufacturing organisations strive to satisfy their customers in terms of quality,

Q2. Differentiate between infinite and finite loading. Explain sequencing. Mention the rules of sequencing. (Write the differences between finite and infinite loading, Define sequencing, List the rules of sequencing) 3, 2, 5

Answer: Finite loading: It refers to the type of loading in which jobs are allocated among different work centres, based on the capacity of each work centre and on the basis of the time required to perform the jobs individually. Finite loading begins with preparing a list of jobs to be processed at the work centres and with the specified capacities of each work centre. In this way, it involves developing a comprehensive

Q3. Write short notes on: 10 (2.5 marks each)

·         Alfred Weber’s theory on industrial location

·         Relationship between design capacity , system capacity and actual output

·         Aggregate planning process

·         Approaches to updating MRP

Answer: Alfred Weber’s theory of industrial location: Alfred Weber, a German economist, attempted to analyse the factors that influence industrial location. Before Weber, another German economist Launhardt gave the simple principle of industrial location based on minimum transport cost. Weber followed Launhardt's principle in his theory and made it more rigorous and analytical. Ever since then, his

Q4. What is purchasing? Briefly explain the purchasing procedure. (Define purchasing, Write the activities it encompasses, Briefly describe the purchasing procedure) 1, 1, 8

Answer: purchasing: In simple terms, purchasing refers to an act of procuring a product at a specific price. However, this narrow definition of purchasing has widened in the last 70 years. In a broader sense, purchasing is a managerial activity that aims at getting the different departments of an organisation the right materials at the right time in the right quantity from the right source as and when required.

purchasing encompasses:

Q5. Inventory Management at ABC organization

ABC is an organization that procures a product PQ from another organisation. ABC requires 11,000 units of PQ every year. The cost of the product is Rs.5 per unit and its ordering cost is estimated to be Rs.100 per order. The cost of carrying inventory is 25%. The consumption rate of PQ in the organization is uniform. Therefore, ABC needs to spend a huge amount on the procurement of product PQ. The CEO of ABC called the production manager of the organization to discuss whether the manufacturing of the product PQ would be more economical for the organisation.

The production manager conducts a research and identifies equipment that can be used for producing PQ. This equipment can yield 100 units of PQ per day. The cost of producing a single unit of PQ by using the equipment is Rs.3.50 per unit. In addition, the setup cost of equipment and inventory carrying costs are Rs.50 per setup and 25%, respectively. From the preceding data, it is found that the production of product PQ would be more beneficial for ABC. Therefore, ABC has purchased the equipment and has started in - house production of PQ. This has reduced the cost of procuring PQ almost five times.

Question : Calculate the EOQ, Analyse if EOQ has helped ABC in managing inventory. (Calculation of EOQ , Briefly describe situation that led to the use of the EOQ model, Assess the pre EOQ situation to post EOQ situation, Summarise if EOQ has helped ABC) 3, 2, 3, 2

Answer: Answer:

Calculation of EOQ

Economic order quantity (EOQ) is the order quantity of inventory that minimizes the total cost of inventory management.

Q6. Write short notes: 10(2.5 marks each)

·         Plan-Do-Check-Action(PDCA) cycle

·         Quality circles

·         Objectives of JIT

·         Maintenance management system

Answer: Plan–Do–Check–Action (PDCA) cycle: The PDCA cycle refers to the activities that a company needs to perform in order to inculcate continuous improvement in its operations. The PDCA cycle includes the following:

·         Plan: The managers must evaluate the current process and make plans based on the problems they find in the processes. It is essential to document all current procedures, collect data, and identify problems.

Dear students get fully solved assignments

Send your semester & Specialization name to our mail id :

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Call us at : 08263069601

(Prefer mailing. Call in emergency )