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Operations
Management
June 2022 Examination
Q1.
List down briefly the various inventory management techniques prevalent in the
industry. Discuss how some of these techniques would be applicable to an
Automobile Service Shop in effective management of
their inventories; i.e Spares, Consumables, etc (assume several inventories of
your choice). (10 Marks)
Ans 1.
Introduction:
The
term "inventory control" refers to keeping track of your stock and
controlling your employer's stock while it is bought, manufactured, saved, and
utilized. It controls the complete flow of merchandise, from purchase to sale,
ensuring that the right amounts of the excellent article are constantly to be
had in the best location at the precise segment. The items that your employer
handles with the purpose of selling are referred to as stock. It can be raw
components that you buy and transform into
Q2. Explain in detail the various types of plant layout concepts
that area available in operations management. Give examples on where each of
these types can be employed respectively. Briefly explain a layout applicable
for a Retail store format, highlighting the good points and bottlenecks, if
any. (10 Marks)
Ans 2.
Introduction:
Laying
out the plant is a method for enlarging the use of production facilities via
arranging gadgets, substances, people, storage space, and different supportive
centers within the greatest well-organized and profitable manner possible
interior the available ground place. Plant layout is quite complicated because
it includes concepts from engineering, architecture, economics, and business
control. Maximum managers now understand that once a plant location has been
selected, it is optimal to create the format first, rather than build the shape
first and then shape it
Q3. A restaurant chain is planning to open up a new midsized
multi cuisine restaurant. Considering their expertise and knowledge in the food
and beverages services, they are confident of getting into the new 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)
Ans 3a.
Introduction:
The
restaurant's location is vital to its success. Many factors should be examined
before deciding on a location, and much wondering and coaching must pass into
the choice. As a result, we've got to prepare a comprehensive restaurant site
selection checklist that you need to evaluate
b. What strategy would the restaurant adopt for an Aggregate
Operation Plan of resources given a time frame of a year? (5 Marks)
Ans 3b.
Introduction:
A
company's business approach might be finalized based on demand prediction
recommendations. Following the completion of business strategies, a corporation
would possibly move backward from the end sales unit to the uncooked substances
vital. As a result, annual and quarterly plans are split into labor, raw
material, operating capital, and different medium-term
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students, get latest Solved assignments by professionals.
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