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Operations Management
December 2021 Examination
Question 1. Explain in detail the various types of plant
layout concepts that are available in operations management. Give examples on
where each of these types can be employed respectively. Briefly explain which
layout would be applicable for a Retail store format. (10 Marks)
Ans 1.
Introduction
An overview of the layout of a factory can be seen through the
arrangement of the production process, store-rooms, storage, tool-rooms,
material handling equipment, aisles, racks, sub-stores, employee services and all
the other
Question
2. List down briefly the various inventory management techniques prevalent in
the industry.
Discuss how some of these
techniques would be applicable to a General Store in effective management of
their inventories; i.e. grocery supplies, etc. (assume several inventories of
your choice). (10 Marks)
Ans 2.
Introduction
The management of goods and raw materials is one of the
most important aspects of an organization's operations to control the flow of
raw materials and goods from one company to another. Inventory management
increases organizational efficiency through the reduction of costs associated
with obsolescence, pilferage, spoilage, and storage, and through the increase
of inventory availability. Often, poor inventory management becomes the leading
cause of a business' closure due to inefficient inventory management. Suppose,
for example, that critical
Question 3. A prominent caterer is planning to open up a
mid-sized multi cuisine restaurant. Considering his expertise and knowledge in
the food and beverages services, he is confident of getting into a full-fledged
restaurant operation. You are required to suggest the team on the following
points:
a. Suggest a site location for the restaurant, assuming it
to be Metro city (you can assume a city of your choice). Give your reasons for
the same
(5 Marks)
b. What strategy would the restaurant adopt for an Aggregate
Operation Plan of resources given a time frame of a year?
(5 Marks)
Ans 3a.
Introduction
Restaurants serving a wide variety
of cuisines are usually centered around their patrons in the nearby area. Also,
the plan also depends on the age range, the income of the people who will be
visiting the cafes, and the cafe's history. Diners are also required to take
into consideration their
Ans 3b.
Introduction
If a business chooses to conduct its
operations in a positive way, it is able to assist in the fulfillment of the
company's objectives. Upon selecting the plans, the business can customize its
plans according to what will be available to them in terms of substances and
assets. In the event that a plan has a duration of one year, it is possible to
deconstruct that plan into the required
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