Summer-2016 Get solved assignments at nominal price of Rs.125 each. Mail us at: [email protected] or contact at 09882243490 Master of Business Administration- MBA Semester 3 OM0013–Advance Production and Operation Management (Book ID:-B1935) Assignment (60 Marks) Note: Answer all questions (with 300 to 400 words each) must be written within 6-8 pages. Each Question carries 10 marks 6 X 10=60 Q1. What is work measurement? Discuss the various techniques of work measurement. Answer. Explanation of work measurement:- Work Measurement Study is a general term used to describe the systematic application of industrial engineering techniques to establish the work content and time it should take to complete a task or series of tasks. Work measurement is a productivity improvement tool. Before improvements can be made, the current productivity level of an organization must be measured. This measurement is then used as a baseline to determine if improvement projects have resulted in genuine improvement. Q2. Explain the meaning and characteristics of a product. Answer. Meaning of a product: - A product is the item offered for sale. A product can be a service or an item. It can be physical or in virtual or cyber form. Every product is made at a cost and each is sold at a price. The price that can be charged depends on the market, the quality, the marketing and the segment that is targeted. Each product has a useful life after which it needs replacement, and a life cycle after which it has to be re-invented. In FMCG parlance, a brand can be revamped, re-launched or extended to make it more relevant to the segment and times, often keeping the product almost Q3. Define the Process of Production Planning and Control. Answer. Production planning is the planning of production and manufacturing modules in a company or industry. It utilizes the resource allocation of activities of employees, materials and production capacity, in order to serve different customers. Different types of production methods, such as single item manufacturing, batch production, mass production, continuous production etc. have their own type of production planning. Production planning can be combined with production control into production planning and control, or it can be Q4. What do you understand by the term ‘inventory’? Explain various types of inventories. Answer. Inventory or stock refers to the goods and materials that a business holds for the ultimate purpose of resale (or repair). Inventory management is a science primarily about specifying the shape and placement of stocked goods. It is required at different locations within a facility or within many locations of a supply network to precede the regular and planned course of production and stock of materials. The scope of inventory management concerns the fine lines between replenishment lead time, carrying costs of inventory, asset management, inventory forecasting, inventory valuation, inventory visibility, future inventory price forecasting, physical inventory, available physical space for inventory, Q5. Explain the Process of Quality Control. Answer. Quality control, or QC for short, is a process by which entities review the quality of all factors involved in production. ISO 9000 defines quality control as "A part of quality management focused on fulfilling quality requirements". This approach places an emphasis on three aspects: Elements such as controls, job management, defined and well managed processes, performance and integrity criteria, and identification of records Competence, such as knowledge, skills, experience, and qualifications Q6. Write short notes on the following: A. Alfred Weber’s theory of industrial location B. Influence of government on industry location C. Objectives of an effective plant layout D. Factors affecting a plant layout Answer. A. Alfred Weber’s theory of industrial location Alfred Weber, a German economist, enunciated a systematic theory of industrial location in 1909. Weber’s theory of location is purely deductive in its approach. He analyzed the factors that determine the location of industry and classified these factors into two divisions. These are: (i) Primary causes of regional distribution of industry (regional factors) (ii) Secondary causes (agglomerative and deglomerative factors) that are responsible for redistribution of industry. Summer-2016 Get solved assignments at nominal price of Rs.125 each. Mail us at: [email protected] or contact at 09882243490
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