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ASSIGNMENT
| DRIVE | SUMMER 2014 |
| PROGRAM | BBA |
| SEMESTER | V |
| SUBJECT CODE & NAME | BBA501 & PRODUCTION AND OPERATIONS MANAGEMENT |
| BK ID | B1849 |
| CREDIT & MARKS | 4 CREDITS & 60 MARKS |
Answer all questions. Kindly note that answers for 10 marks questions should be approximately of 400 words. Each question is followed by evaluation scheme.
- 1. Write short notes on:
- Operations Strategy as a Competitive Weapon
- Objectives of Operations Management
- Reverse Engineering
- Computer-Aided Manufacturing (CAM)
Answer:
- Operations Strategy as a Competitive Weapon:As a competitive weapon Shorter product cycle Production flexibility Low cost process Convenience and location Product variety and facility size Quality.In the face of global competition, many Indian manufacturers suffered declining sales, market share, and profitability, during the early 1990s. One of the main reasons for this decline was the ineffectiveness of the operations
- Objectives of Operations Management:
- Customers – These are the most obvious people who will be affected by any business. What the chapter goes on to call the five operations performance objectives apply primarily to this group of people.
- Suppliers – Operations can have a major impact on suppliers, both on how they prosper themselves, and on how
- Reverse Engineering:Reverse engineering is the process of extracting knowledge or design information from anything man-made. The ultimate goals for obtaining such information are varied. A typical goal for reverse engineering a product is to create a (possibly improved) copy or even a knockoff; this is
- Computer-Aided Manufacturing (CAM):Computer-aided manufacturing (CAM) is the use of computer software to control machine tools and related machinery in the manufacturing of workpieces. 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
Q.2 Describe any TEN factors that affect decisions regarding choice of location?
- Proximity to customers (markets)
- Proximity to raw materials
- Good transportation facilities
- Availability of power
- Basic amenities
- Government policies
- Environmental and community considerations
- Proximity to subcontractors
- Availability of cheap land
- Availability of cheap, skilled and efficient labour
Answer:
- Proximity to customers (markets): Proximity marketing is the localized wireless distribution of advertising content associated with a particular place. Transmissions can be received by individuals in that location who wish to receive them and have the necessary equipment to do so. Every business depends on its customers for its very existence. To a greater or lesser extent, most businesses also rely on employees and a variety of suppliers who provide needed goods and services. Locating your business where these three groups can get to you easily is vital. If your business depends in large part on drive-
Q.3 What are the various types and functions of stores?
- Listing of functions of stores
- Explanation of various stores(Receiving ,Main, Warehouse, Special)
Answer: The materials , lying unused but have future economic value are said to form inventory which needs professional handling. Inventory control / management thus is a vitally important aspect of any stores function. One of the basic functions of stores is to account for every material received in Stores by maintaining proper records of all the incoming, stored and outgoing materials so that proper accounting and audit trail is maintained. Hence , record keeping is a vital function of stores . Of course , it also goes along the various activities and with development in the information technology domain, the record keeping in stores too is through electronic medium making the whole process smooth and efficient.
Q.4 Write short notes on:
- Warehousing
- Scope of Project Management
- Importance of sales forecasting
- Total Productive Maintenance (TPM)
Answer: Warehousing:
A warehouse is a commercial building for storage of goods. Warehouses are used by manufacturers, importers, exporters, wholesalers, transport businesses, customs, etc. They are usually large plain buildings in industrial areas of cities and towns and villages. They usually have loading docks to load and unload goods from trucks.
Scope of Project Management:
- Understand the project objectives: In order to define the scope of a project, it is necessary to first establish the project objectives. The objective of a project may be to produce a new product, create a new service to provide within the organisation, or develop a new bit of software. There are any number of
- Importance of sales forecasting: Sales forecasting is the prediction of future performance based on available information about past performance. Devoting resources to in-depth sales forecasting allows you to prepare for the upcoming needs of your business and increases the likelihood of success regardless of
- Total Productive Maintenance (TPM): Total productive maintenance (TPM) is a system of maintaining and improving the integrity of production and quality systems through the machines, equipments, processes and employees that add business value to the organization.One of the main objectives of TPM is to increase the productivity of plant and equipment with a modest investment in
Q.5 Define Method Study and state its objectives and procedure.
Definition of method study
List the any three main objectives of method study
- To identify the proper sequence of production operations
- To optimize the utilization of machineries
- To reduce the manufacturing cycle time by reducing idle time of machinery
- To choose the right kind and amount of materials and reduce the rawmaterial consumption per unit of production
- To reduce wastages and production of defective products
- To enhance the tool life and therefore reduce the tool cost per unit ofproduction
- To allocate work force optimally
Q.6 What are the major costs of quality. List the characteristics of quality.
- Explanation of major costs of quality(Prevention , appraisal, internal failure and external failure costs)
- Listing of Characteristics of Quality from consumer’s point of view
- Listing of Characteristics of Qualityproducer’s point of view
Answer:It is a Sum of costs incurred in maintaining acceptable quality levels plus the cost of failure to maintain that level (cost of poor quality). Cost of Quality is the total cost to produce the product or service of the project while ensuring quality standards. It includes prevention and appraisal costs (costs of conformance) as well as failure costs (cost of non-conformance).
When it comes to making decisions, most managers speak money. The Cost Of Quality theory provides the vocabulary to communicate between the quality
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