MBA201 - Production & Operation Management

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ASSIGNMENT

DRIVE	FALL 2017
PROGRAM	Masters of Business Administration - MBA
SEMESTER	II
SUBJECT CODE & NAME	MBA201 - Production & Operation Management
BK ID	B1627
CREDITS	4
MARKS	60

Note: Note –The Assignment is divide into 2 sets. You have to answer all questions in both sets. Average score of both assignments scored by you will be consider as your IA score. Kindly note that answers for 10 marks questions should be approximately of 400 words.

ASSIGNMENT SET-1

Question. 1. Differentiate between Production Planning and Production Control. Point out various functions of Production Planning and Production Control.

Answer: For efficient, effective and economical operation in a manufacturing unit of an organization, it is essential to integrate the production planning and control system. Production planning and subsequent production control follow adaption of product design and finalization of a production process.

Production planning and control address a fundamental problem of low productivity, inventory management and resource utilization.

Question. 2. What do you mean by Strategic management process? Differentiate between Environmental scanning & Differentiation strategies

Answer: Following are the main differences between Strategy Formulation and Strategy Implementation-

Question. 3. Explain various Elements or Components of Operations Strategy in detail.

Answer: Operations strategy comprises six components :

1. Positioning the production system.

2. Focus on factories and service facilities,

3. Product/Service design and

ASSIGNMENT SET-2

Question. 1. Explain The Strategic Importance of Forecasting.

Answer: Many companies do not understand the strategic importance of forecasting. Having the right resources available at the right time is essential for efficient functioning. In today’s tough business environment where businesses are trying to save costs it is needed that every penny is saved. Forecasting is one way to save costs as from forecasting only companies can guess the future demand and can manage their resource accordingly. Any mismanagement in forecasting can lead to great loss in both small and large businesses.

Question. 2. Explain the concept of Rating Method for Location decision sequence. Discuss different types of Rating methods.

Answer: Choosing the ideal rating methods for your employee evaluations depends on the number of people you have in each role your rating, the size of your organization and the benefit you receive from investing in your evaluation tools. You also need to consider the resources that you have available to develop your appraisal framework.

Rating methods vary considerably in their

Question. 3. What do you mean by Quality? Point out, various dimensions of quality?

Answer: The definition of quality is often a hotly debated topic. While it may seem intuitive, when we get right down to it, “quality” is a difficult concept to define with any precision.

The most fundamental definition of a quality product is one that meets the expectations of the customer. However, even this definition is too high

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