OM0013-Advanced Production and Operations Management

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ASSIGNMENT

DRIVE	SPRING 2018
PROGRAM	Master of Business Administration – MBA
SEMESTER	III
SUBJECT CODE & NAME	OM0013-Advanced Production and Operations Management
BK ID	OM0013
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.

Question. 1. Elaborate the Concept of Productivity in production and operation management. Discuss different Ways to improve productivity.

Answer:Productivity is usually expressed in one of three forms: partial factor productivity, multifactor productivity, and total productivity. Each one is now discussed.

PARTIAL-FACTOR PRODUCTIVITY

Question. 2. Explain the meaning and characteristics of a product.

Answer:Product is one of the important elements of marketing mix. A marketer can satisfy consumer needs and wants through product. A product consists of both good and service. Decisions on all other elements of marketing mix depend on product. For example, price is set for the product; promotional efforts are directed to sell the product; and distribution network is prepared for the product. Product is in the center of marketing programme. Therefore, product has a major role in determining overall success of marketing efforts.

Question. 3. Define the Process of Production Planning and Control.

Answer:Production planning and control is a predetermined process which includes the use of human resource, raw materials, machines etc. PPC is the technique to plan each and every step in a long series of separate operation. It helps to take the right decision at the right time and at the right place to achieve maximum efficiency.

Objectives of Production Planning & Control

The objectives of PPC are as follows:

Question. 4. What do you understand by the term ‘inventory’? Explain various types of inventories.

Answer:Inventory is commonly thought of as the finished goods a company accumulates before selling them to end users. But inventory can also describe the raw materials used to produce the finished goods, goods as they go through the production process (referred to as "work-in-progress" or WIP), or goods that are "in transit."

There are generally five reasons companies maintain inventories:

Question. 5. Explain the Process of Quality Control.

Answer:Quality control (QC) is a procedure or set of procedures intended to ensure that a manufactured product or performed service adheres to a defined set of quality criteria or meets the requirements of the client or customer.

QC is similar to, but not identical with, quality assurance (QA). QA is defined as a procedure or set of procedures intended to ensure that a product or service under development (before work is complete, as opposed to afterwards) meets specified

Question. 6. Write short notes on the following:

a. Alfred Weber’s theory of industrial location.

Answer:Leaning heavily on work developed by the relatively unknown Wilhelm Launhardt, Alfred Weber formulated a least cost theory of industrial location which tries to explain and predict the locational pattern of the industry at a macro-scale. It emphasizes that firms seek a site of minimum transport and labor cost.

b. Influence of government on industry location.

Answer:Many important geographical factors involved in the location of individual industries are of relative significance, e.g., availability of raw materials, power resources, water, labour, markets and the transport facilities.

Government policy. Industry develops from an area where the assistance of the local government can be found. This assistance can include investments in terms of capital, even location of industries in the country, search of market outside for industrial products. In most cases many politicians create industries in their own areas (provinces)

c. Objectives of an effective plant layout.

Answer:Only through an efficient layout, the organization can attain the following objectives:

1.       Economy in handling of materials, work-in-process and finished goods.

2.    Minimization of product delays.

3.     

d. Factors affecting a plant layout.

Answer:The following are some important factors, which influence the planning of effective layout to a significant degree.

1. Nature of the product: The nature of the product to be manufactured will significantly affect the layout of the plant. Stationary layout will be

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