FALL-2015 Get solved assignments at nominal price of Rs.125 each. Visit www.instamojo.com/subjects4u search for your code pay and download fully solved assignments. Any issues mail us at: [email protected] or contact at 09882243490 Master of Business Administration - MBA Semester 4 OM0017-Advanced Production and Planning Control (Book ID: B2010) Assignment (60 Marks) Note: Answer all questions must be written within 300 to 400 words each. Each Question carries 10 marks 6 X 10=60. Q1. a. What is the importance of production planning and control? b. What factors affect inventory planning and control? c. What is the difference between batch and mass production? Answer. a. The importance of production planning and control are summarized below: Better Service to Customers: Production planning and control, through proper scheduling and expediting of work, helps in providing better services to customers is terms of better quality of goods at reasonable prices as per promised delivery dates. Delivery in time and proper quality, both help in winning the confidence of customers, improving relations with customers and promoting profitable repeat orders. Fewer Rush Orders : In an organization, where there is effective system of production planning and control, production, operations move smoothly as per original planning and matching with the promised delivery dates. Consequently, there will be fewer rush orders in the plant and less overtime than, in Q2. What is a master schedule? Explain. Answer. Master Schedule: Master schedule is the presentation of the production schedule at the summary level, depicting various key elements, resulting from the processor master scheduling. In simple words, it can also be said that the master schedule is a plan or format that integrates and relates other production processes such as demand management, inventory planning and capacity planning. Q3. What are the different types of planning and scheduling tools? Explain. Answer. The seven MP tools, listed in an order that moves from abstract analysis to detailed planning, are: Affinity Diagram: organizes a large number of ideas into their natural relationships. Relations Diagram: shows cause-and-effect relationships and helps you analyze the natural links between different aspects of a complex situation. Q4. a. What are the pillars of lean production? b. What factors should be considered while implementing a production planning and control system? Answer. The Six Pillars of a Lean Production System: Q5. Case Study: Planning and Scheduling at John Smith Pvt .Ltd John Smith is a manufacturing organisation of apparels and accessories, specialising in both men and women segments. The organisation started in the US and gradually extended its different branches and merchandise to other nations as well. The organisation was not only favoured by customers but was also loved by its employees for the work environment it provided. Employees were not only paid well but were also provided good appraisals that motivated them to give their best to the organisation. Current planner Mr. Jackson had been working with the organisation for the past 15 years and now wanted to take retirement from his work due to his age. The organisation bid him farewell and Mr.Max was hired as the new planner for the organisation on the basis of his qualifications and experience. After Mr. Max completed 1 year, the organisation observed dissatisfaction among its employees. The reason was that employees were not happy with the way production was carried out. There was too much pressure on employees, and Mr. Max was accepting more orders than the workers could manage. This was demotivating workers and employees, and as a result, the company observed the highest attrition rate in its history. The management immediately reacted to the situation and called back Mr. Jackson as an external planning consultant to address the issue at the earliest, because management was losing its manpower, which was affecting the business. Mr. Jackson paid a visit to the organisation and studied the records for the past 1 year. He also had a discussion with the new planner, Mr. Max, for the current appraisal system. On the basis of his observations and discussions, Mr. Jackson made certain conclusions. He stated that Mr. Max was not following the appropriate production process, because the number of orders accepted for production was more than the resources available at the production unit. He also stated that the problem was not completely Mr. Max’s fault, because the organisation did not train him on the existing production process and neither did they make him aware of the competitors and the market. Question What is main issue in the case study? Evaluate why this issue was caused and provide a solution to resolve it. Answer. Main issue in the case study  The organization observed dissatisfaction among its employees  Employees were not happy with the way production was carried out.  Too much pressure on employees. Q6. Write short notes on:     Cost centre Objectives of sales and operations planning Bills of Distribution (BOD) Advanced scheduling Answer. A cost center is often a department within a company. The manager and employees of a cost center are responsible for its costs but are not responsible for revenues or investment decisions. A manufacturer's cost centers include each of its production departments as well as the manufacturing service departments such as the maintenance department or quality control department. Other examples of cost centers include the human resource department, the IT department, the accounting department, and so on. FALL-2015 Get solved assignments at nominal price of Rs.125 each. Visit www.instamojo.com/subjects4u search for your code pay and download fully solved assignments. Any issues mail us at: [email protected] or contact at 09882243490