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Operations Management
September 2021 Examination
1. List and explain in brief the various types of plant layout concepts in operations management, highlighting the objective, considerations of a good layout design. Give examples on where each of these types can be employed respectively. (10 Marks)
Ans 1.
Introduction
Operation management is defined as administrative business techniques that aid in creating a high level of efficiency in a company’s overall operations. As is true in the manufacturing business, the function of operation management is to design and manage various processes involved in the creation or production of services and items. However, operation management is organizing, planning, controlling and directing all resources that contribute to increasing the growth, revenue, and economic standing of a corporation in the business world. Furthermore, the conceptual or business layout design
2. Discuss the various inventory control/classification techniques prevalent in the industry, mentioning the basis of each classification. Discuss any three of these techniques as applicable to an organization in the Retail sector like Big Bazaar or D mart for effective management of their inventories (you can assume inventories of your choice to explain. (10 Marks)
Ans 2.
Introduction
By handling the functions of inventory management, stock control, also known as inventory management, can aid in the optimization and regulation of warehouse inventories, among other things. Organizations that maintain the least amount of stock in their firm do so by improving cash flow, lowering holding costs, and creating more space. Furthermore, several inventory control formulae and companies must
3. NM Ltd, a leading corporate in India in FMCG has decided to diversify into Foods & Beverages and get in the manufacturing of a flavoured soft drink and a health drink. The company would like to have a major presence with a pan India distribution network.
a. Assuming that the business idea would have a very encouraging response, suggest a suitable plant location to setup the beverage manufacturing. Give reasons for the same. (5 Marks)
Ans 3a.
Introduction
There is an increase in the demand for healthy beverages, including soft drinks, all around the world. In a similar vein, the Indian food and beverage manufacturing industry may experience rapid expansion in the future. Plastics bans,
b. Defining the concept of aggregate plan for operational capacity management, which strategy (Level or Chase) do you think would be best applicable for the company? (5 Marks)
Ans 3b.
Introduction
Production outputs and prospective activities of different sorts of businesses are considered to be operational capacity management when it comes to ensuring and optimizing those outputs and activities under all conditions. Similarly, business capacity is measured using capacity management programs to accomplish
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