NMIMS – Operations Management

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Operations Management

1. Explain in detail the various types of plant layout concepts that area available in operations management. Give examples on where each of these types can be employed respectively. Briefly explain a layout for a Retail store format, highlighting the good points and bottlenecks, if any. (10 Marks)

Introduction

Operations management is the management of industry performance to create the main level of effectiveness possible within a group. It is disturbed with adapt equipment and labor into products and services as competently as likely to exploit the profit of an institute. Operations management groups are challenged to balance expenses with income to get the maximum net operating income possible. Operations management manages various planned issues, as well as formative the size of developed plants and plan management way and realizes the structure of the details technology system.

Concept and application

Plant

2. List down briefly the various inventory management techniques prevalent in the industry. Discuss how some of these techniques would be applicable to a General Store in effective management of their inventories; i.e grocery supplies, etc (assume several inventories of your choice). (10 Marks)  

Introduction

Managing your inventory can be a discouraging job, and if it is not done right, it could price your business thousands of dollars down the line. There are some software keys, such as Fishbowl developed and Fishbowl store, which could advance your inventory structure when they are as well collective with the use of these three inventory organization method. Inventory is the possessions that your business handles with the purpose of advertising. It might be unrefined materials that you purchase and turn

3. A prominent caterer is planning to open up a midsized multi cuisine restaurant. Considering his expertise and knowledge in the food and beverages services, he is confident of getting into a fully fledged restaurant operation. You are required to suggest the team on the following points:

a. Suggest a site location for the Restaurant, assuming it to be Metro city (you can assume a city of your choice). Give your reasons for the same (5 Marks)

Introduction

Despite the enormous risks and the dangerous hours, owning an eating place business is one of the most worthwhile experiences of your days. If you too enclose nurtured a lifetime ambition of initial up a restaurant, and don’t recognize how to go concerning it, or are at this time in the middle of conception your first eatery, then this object is just for you as well as will inform you in detail, how to initiate a

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