agement AEREN FOUNDATION’S Maharashtra Govt. Reg. No.: F-11724 [pic] SUBJECT : OPERATIONS MANAGEMENT Total Marks : 80 CASE-1 (16 Marks) Bloomsday Outfitters produces T-shirts for road races. They need to acquire some new stamping machines to produce 30‚000 good T-shirts per month. Their plant operates 200 hours per month‚ but the new machines will
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University of Petroleum & Energy Studies Centre for Continuing Education Executive MBA (OIL & GAS Management) Semester II YEAR: 2013 SESSION: January Assignment – 1 For Operations & Material Management (MBCQ 722D) (To be filled by the student) Name: _______________________ Sap No/Regn No: _______________________ Section A (20 Marks) Write short notes on any four of the following 1. Production management functions 2. The era of scientific management 3. Optimal
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it supplies over 3‚500 product lines. Goals of HPM: To effectively compete in the most challenging market that is continually evolving. To improve its product development process in an increasingly fast-paced‚ globalized market. Strategy: Use innovation and technology to differentiate itself in the market Concentrate on using the latest technology in both its new products and new manufacturing processes Problem • There has been a change in the length of the product
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1. ------------------------------------------------- Consider a firm with a daily demand of 100 units‚ a production rate per day of 500 units‚ a setup cost of $200‚ and an annual holding cost per unit of $10. Suppose that the firm operates 300 days per year. How many units of inventory must their storage area be able to hold? ------------------------------------------------- Answer | | close to 975 | | | close to 980 | | | close to 1095 | | | close to 1224 | | | close to 1225 | 5 points
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Sequence of Operations (Gas Furnace) Natural Draft Furnace 24 volts is always present to the thermostat R terminal. 1. When the thermostat closes its switch to call for heat‚ 24 volts is sent out of the thermostat on the W terminal. 2. This 24 volts goes back into the furnace‚ then typically through 1 or 2 safety devices to the gas valve. 3. If the standing pilot is lit. The gas valve opens‚ and the gas to the burners is then ignited by the pilot light. 4. The heat exchanger is
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An operation is composed of processes designed to add value by transforming inputs into useful outputs. Inputs may be materials‚ labor‚ energy‚ and capital equipment. Output may be a physical product or a service. A metric used to measure the rate at which potential output levels are being met or used. Displayed as a percentage‚ capacity utilization levels give insight into the overall slack that is in the economy or a firm at a given point in time. Using the data provided in the case‚ we are able
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6. Inter departmental harmony: materials department management deals with almost all departments in the company. It can greatly contribute to the success of every other dept at the same time‚ the success of materials mgmt dept depends on co-operation from the personnel of other departments. 7. Forecasts: in order to manage materials better some conception of the future outlook for prices‚ cause and general business activity is necessary. 8. Acquisitions: business acquisitions and mergers
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Listening (thoroughly)‚ respectful interactions‚ maintaining an open mind‚ and sticking on topic are all things that go into group communicating. Strategies to promote group communication are getting everyone involved‚ asking specific questions‚ reframe from controversial topics‚ ask others opinions/views‚ and be inviting and approachable. Strategies for individual communication are respect‚ listening‚ proper tone‚ practice non-verbal communication‚ and encouraging involvement/feedback. In
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Guide to Assessment Publication date: November 2009 Publication code: AA4147 Published by the Scottish Qualifications Authority The Optima Building‚ 58 Robertson Street‚ Glasgow G2 8DQ Ironmills Road‚ Dalkeith‚ Midlothian EH22 1LE www.sqa.org.uk The information in this publication may be reproduced in support of SQA qualifications. If it is reproduced‚ SQA should be clearly acknowledged as the source. If it is to be used for any other purpose‚ then written permission must be obtained from
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(individual work only and remember to always answer all parts of the question; in some cases you have up to 3 parts in 1 questions). Keep your answers short‚ max one paragraph per question. 1. What is Operation‚ what is Supply Chain; relate this to a product or service and provide some examples? Operations is the manufacturing and service processes that are used to transform the resources employed by a firm into products/services desired by the customer. Manufacturing takes raw resources and produces
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