OM 0017 – Advanced Production Planning & Control

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ASSIGNMENT

DRIVE	FALL 2016
PROGRAM	MBA
SEMESTER	IV
SUBJECT CODE & NAME	OM 0017 – Advanced Production Planning & Control
BK ID	B2010
CREDIT AND MARKS	4CREDITS AND 60 MARKS

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. Explain Various Functions of Production Planning and Control.

Answer: Production Planning and Control (PPC) - Functions of Production Planning and Control (PPC)

Question. 2. Explain the concept of Master Schedule. Also define the Characteristics of the master schedule.

Answer: A master production schedule (MPS) is a plan for individual commodities to be produced in each time period such as production, staffing, inventory, etc. It is usually linked to manufacturing where the plan indicates when and how much of each product will be demanded. This plan quantifies significant processes, parts, and other resources in order to optimize production, to identify bottlenecks, and to anticipate needs and completed goods. Since an MPS drives much factory activity, its accuracy and viability dramatically affect profitability. Typical MPSs are created by software with user tweaking.

Question. 3. Define the various steps of VA.

Answer: There are eight distinct steps that most claims for disability compensation follow. These phases may vary in time depending on the complexity of the claim, the amount of evidence that must be gathered to support the claims, and the type of evidence. You are strongly encouraged to submit as much evidence as possible with your claim to help minimize processing time. The eight steps of claims processing are as follows:

Step 1. Claim Received

Your claim has been received by the VA. If you applied online with VONAPP Direct Connect, you should see receipt in your list of Open Claims within one hour. If you applied through the U.S. mail, please allow mailing time plus one week for us to process and record receipt of your claim.

Step 2. Under Review

Your claim has been assigned to a Veterans Service Representative and is being reviewed to determine if additional evidence is needed. If we do not need any additional information, your claim will move directly to the Preparation for Decision phase.

Step 3. Gathering of Evidence

Question. 4. Write Short notes on

a. Hybrid 1: MRP with lean principles

Answer: When the demand pattern is very stable and has a radical design change of product, most of the planning and execution can be achieved by using MRP. However, to provide better stability to the system, some of the lean principles are also used to integrate with MRP. "MRP (Material Requirements Planning)" is a concept of creating material plans and production schedules based on the lead times of a supply chain. However,

b. Hybrid 2: Kanban with MRP planning

Answer: In conventional MRP procedures, production quantities and dates are calculated in accordance with actual customer/planned independent requirements and the required quantity and dates of the components are calculated by exploding the bill of material. The production quantities can be compiled for various requirements. The creation of lot sizes is based on the selected lot sizing procedure. In each production level, the lots are usually produced completely before being passed on for further processing.

c. Hybrid 3: MRP for capacity and long lead time

Answer: Managers often took obviously inappropriate action because of the old OP, OQ method. Demand surges invariably caused shortages; small shortages triggered production of parts even when people knew there would be no near-term demand for the part. Against this flawed system, MRP—the first generation of what is now MRP II—had obvious merit and won wide acceptance very quickly.1

MRP to the Rescue. The concept behind

d. Hybrid 4: Pull system with spike control

Answer: An inventory manager must be able to develop an effective inventory control system to manage customer demand. The demand for the product will control inventory costs, carrying costs, ordering costs and storage costs. Inventory control systems are generally categorized as push or pull models. Knowing the definitions, advantages and disadvantages of each system will help a company establish which inventory control method works best for their organization.

Push System: The push system of inventory

Question. 5. Differentiate between Mass Production and Batch Production.

Answer: The Romans used Mass Production to build a navy from the example of a single Carthaginian ship to build hundreds of identical ships in a very short period. The Venetian Arsenal was doing that with shipbuilding by the Medieval Era if not before. The British were using flow production to manufacture Brown Bess

Question. 6. Elaborate various Elements of cost.

Answer: The following chart shows the various elements of cost and how they are classified.

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Send your semester & Specialization name to our mail id :

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