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ASSIGNMENT
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DRIVE
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SPRING 2016
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PROGRAM
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MBADS – (SEM 4/SEM 6) / MBAN2 / MBAFLEX – (SEM 4) /
PGDFMN – (SEM 2)
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SUBJECT CODE & NAME
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SEMESTER
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3
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CREDITS
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4
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MARKS
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60
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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.
Q.1 Write short notes on the following:
a. Types of Operational Strategies
b. Current Trends in Operations Management
c. Types of benchmarking
d. Automated assembly lines
Ans: a. Types of Operational
Strategies:
Operational strategies refers to the methods companies use to reach their
objectives. By developing operational strategies, a company can examine and
implement effective and efficient systems for using resources, personnel and
the work process.
1. Corporate Strategy:
Corporate strategies involve seeing a company
Q.2 Describe Computer-Aided Manufacturing(CAM)
Ans : CAM :
Computer-aided manufacturing (CAM ) is
the use of computer software to control machine tools and related machinery in
the manufacturing of work pieces. This is not the only definition for CAM, but
it is the most common; CAM may also refer to
the use of a computer to assist in all operations of a manufacturing plant,
including planning, management, transportation and storage. Its primary purpose
is to create a faster production process and components and tooling with more
precise dimensions and material consistency, which in some cases, uses only the
required amount of raw material (thus minimizing waste), while
Q3 Explain various factors affecting a facility location.
Answer : Facility Location is the
right location for the manufacturing facility, it will have sufficient access
to the customers, workers, transportation, etc. For commercial success, and
competitive advantage following are the critical factors:
Overall objective of an
organization is to satisfy and delight customers with its product and services.
Therefore, for an organization it becomes
Q.4 Organization: Fortune solutions
The market place for pharmaceutical companies is highly competitive. As
a result there is a need for a flexible, accurate and responsive global
planning process to support the key factors of rapid time to market, rapid
response to demand changes, low costs. Each supply chain had developed its own
Sales Operations planning (SOP) process making it difficult to combine and form
a global view of demand and supply and to maximise sales opportunities. The
requirement was to create a standard SOP process to be used at all the supply
chains, incorporating company and industry best practice. The solution for this
problem was developed as follows: A workshop analysed all SOP models used
within the company and compared these with business requirements and best
practice. As a result of combined SOP models, the organisation was able to
develop a best fit SOP model that could be rolled out across the company. The
workshop produced a detailed documentation which described about inputs,
meeting agendas and attendees, outputs, key performance indicators for each
stage of the process. A simulation of the full SOP model was developed that
enabled final design improvements to be made and training of process
participants and key stakeholders. This allowed a successful implementation
plan to be developed. Upon implementing, the process was tried on trial run for
a period of 4 months to facilitate fine tuning. The resulting SOP model was
then rolled out across the company to achieve full benefits. The rapid
implementation of a standardised SOP process gave immediate benefits to the
fortune solutions in terms of:
• Increased customer service level and superior product availability.
• Reduced costs from higher resource utilisation, reduced waste.
• Improved cash flow due to optimized inventory and improved schedule
adherence.
Give the reason for developing a standardized SOP process. How was the
solution developed ? What are the benefits of a standardized SOP process
Ans : Reasons for developing a standardized SOP process:
As it is clear from the above discussion that due to high competition there
is a need for a flexible, accurate and responsive global planning process to
support the key factors of rapid time to market, rapid response to demand
changes, low costs.
1. Rely on a phased approach :
SOP is much more an integrated set
Q.5 What is new product development? Explain the impact of internet on
new product development.
Ans : New product development:
In business and engineering, new product development (NPD) is the
complete process of bringing a new product to market. A product is a set of
benefits offered for exchange and can be tangible (that is, something physical
you can touch) or intangible (like a service, experience, or belief). There are
two parallel paths involved in the NPD process: one involves the idea
generation, product design and detail engineering; the other involves market
Q.6 Write short notes on the following:
a. Value Stream Mapping
Answer : Value stream mapping is
a lean manufacturing or lean enterprise technique used to document, analyze and
improve the flow of information or materials required to produce a product or
service for a customer. Full definition.
———-
Value stream mapping is a paper
and pencil tool that helps you to see and understand the flow of material and
information as a product or service makes its way through the value stream.
Value stream mapping is typically used in Lean, it differs
b. Benefits of JIT
Answer : Just in time (JIT) is an
inventory management system, used to manage the stock that is kept in storage.
It involves receiving goods from suppliers as and when they are required,
rather than carrying a large inventory at once.
Advantages of just in time inventory management
Companies like to use JIT as it
is seen as a
c. Ideal Production System
Answer : Basically, once you
begin producing a product you keep it moving through the value stream without
placing it into a holding area for later processing. This helps avoid
“batching” and increasing inventory levels.
In the ideal production system we
attempt to achieve “
Dear
students get fully solved assignments
Send
your semester & Specialization name to our mail id :
help.mbaassignments@gmail.com
or
call
us at : 08263069601
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