OM0013 – ADVANCED PRODUCTION AND OPERATIONS MANAGEMENT

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ASSIGNMENT

 

DRIVE SUMMER 2014
PROGRAM MBADS – (SEM 4/SEM 6) / MBAN2 / MBAFLEX – (SEM 4) /

PGDFMN – (SEM 2)
SUBJECT CODE & NAME OM0013 – ADVANCED PRODUCTION AND OPERATIONS MANAGEMENT
SEMESTER 3
CREDITS 4
MARKS 60

 

 

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.

 

  1. 1. Describe the Process of Quality Control.

[Description of the steps of quality control(list the sub-steps under each step)]

 

Answer: The quality control process is divided into three separate processes, ensuring that specialized expertise is applied to each stage of our operation. This system also provides the redundancy necessary to prevent any quality problem from evading detection. It is a process through which a business seeks to ensure that product quality is maintained or improved and manufacturing errors are reduced or

 

 

  1. 2. What is meant by the capacity of a facility? Explain the different types of capacity

[Define capacity of a facility and Explain the different types of capacities]

 

Answer:The term ‘capacity’ means a “constraint” or an upper limit. Determining the right level of capacity is one of the most challenging tasks facing managers. Having too much capacity relative to demand means incurring sizable costs to an unused capacity. Having too low capacity means that the demand from some customers may be unfilled. These customers may go to other sources of supply and never return. Therefore, it is equally

 

 

  1. 3. What are the factors affecting MRP. State the advantages and drawbacks of MRP

 

 

Answer: The marginal revenue product of labour (MRP) is the additional revenue gained by selling the output of one additional worker. The MRP is calculated by multiplying the marginal physical product of an individual worker (MPP) by marginal revenue (MR). Marginal Revenue Product = Marginal Physical Product x Marginal Revenue The concept is based on the assumption that the firm’s product is sold in a perfectly competitive

 

 

 

  1. 4. Arrange the following steps used in the process of production scheduling in a sequential order and briefly explain each of them:

a. Preparing an MPS

b. Assigning jobs to different work centres

c. Developing an aggregate production schedule

[Arrange of steps in sequential order, Explain steps]

 

 

  1. 5. Write short notes on. Safety stock World class manufacturing

[Safety stock(Explanation of safety stock and its importance)

World class manufacturing (Explanation of world class manufacturing and its principles)]

 

Answer:Explanation of safety stock and its importance: Safety stock is an additional quantity of an item held in inventory in order to reduce the risk that the item will be out of stock. Safety stock acts as a buffer in case the sales of an item are greater than planned and/or the supplier is unable to deliver additional units at the expected time.

 

 

  1. 6. What factors need to be taken into consideration while designing a product?

[Define product design,

Explain its importance, and

Discuss the different factors needs to be considered while designing a product]

 

Answer: Product design is the process of creating a new product to be sold by a business to its customers. A very broad concept, it is essentially the efficient and effective generation and development of ideas through a process that leads to new products.

 

Project design is the determination and specification of the parts of a product and their interrelationship so that they become a unified whole. The design must satisfy a broad array of requirements in a condition of balanced effectiveness. A product is designed to perform a particular function or set of functions effectively and reliably, to be economically manufacturable, to be profitably salable, to suit the purposes and the attitudes of the consumer, and to be durable, safe, and economical to operate.

 

For instance, the design must take into consideration the particular manufacturing facilities, available materials, know-how, and economic resources of the manufacturer. The product may need to be packaged; usually it will also need to be shipped so that it should be light in weight and sturdy of construction. The product should appear significant, effective, compatible with the culture, and appear to be worth more than the price. See Production engineering, Production planning.

 

The factors that determine or affect a product design are as follows:

  1. Requirements of targeted customers.
  2. Availability and access to necessary production facilities.
  3. Type and quality of raw-materials used to produce a product.
  4. Cost to price ratio.
  5. Policy of quality standards.
  6. Availability of plant and machineries.
  7. Impact of upcoming product on existing products of the company.
  8. Reputation or goodwill of the company.

 

 

Dear students get fully solved assignments

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