Chapter 01 : INTRODUCTION TO P & O MGMT Concept of Production Production : * A crucial function in any organisation * Transformation of a range of inputs into the planned outputs ( goods or services ) meeting laid down quality standards * Step-by-step conversion of one form of material into another form through chemical or mechanical process to enhance the utility of the product to the end users. * Value addition process at each stage * A process by which “goods and
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PRODUCTION & OPERATIONS MANAGEMENT MB0044 SET I 1. Explain in brief the origins of Just in Time. Explain the different types of wastes that can be eliminated using JIT. Just-in-Time (JIT) is a production strategy that strives to improve a business’ return on investment by reducing in-process inventory and associated carrying costs. Just In Time production method is also called the Toyota Production System. To meet JIT objectives‚ the process relies on signals or Kanban between different
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Production and Operation Management Cheng Guoping Chapter 1 Introduction 1. Production System 2. Production and operations in the organization 3. Function and jobs of POM 4. Decision Making in POM 5. The emergence of production and operation management 1. Production System Production and operation management (POM) is the management of an organization ’s production system‚ which converts input into the organization ’s products and services. 1.1 Production system model Inputs
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Q1) Explain the basic competitive priorities considered while formulating operations strategy by a firm? Ans: Operations strategy is the collective concrete actions chosen‚ mandated‚ or stimulated by corporate strategy. It is‚ of course‚ implemented within the operations function. The operations strategy specifies how the firm will employ its operations capabilities to support the business strategy. Operation advantages depend on its processes and competitive priorities considered while establishing
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BBA – 305 PRODUCTION & OPERATION MANAGEMENT Model Questions based on Previous years Question Papers UNIT – I Qs. 1 : Explain the importance of Production & Operation Management in current scenario. Why it has become an integral part of Business Education ? State with examples. [BBA-IP: Dec. 2011] Qs. 2 : Operation Management is becoming a very important subject in Business Education in the last few
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Paper of Production and Operations Management IIBM Institute of Business Management Examination Paper Production and Operations Management Subject Code-B107 MM.100 Section A: Objective Type & Short Questions (30 marks) This section consists of multiple choice & Short Notes type questions. Answer all the questions. Part one questions carry 1 mark each & Part two questions carry 5 marks each. Part One: Multiple choices: 1. Production and Operations Management concerns
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Polytechnic University of the Philippines Sta. Mesa‚ Manila College of Accountancy ACCO3073 – Production and Operations Management ANALYSIS OF OPERATIONS MANAGEMENT OF HONDA MOTORS CO.‚ LTD by Emmanuelle Jan G.Selloria Ayessa Faye G. Sibayan Arnie C. Talanay Joanna Marie A. Tambis BSA‚ 3-4D Professor Maria Luisa U. Oliveros Company Name Honda Motor Co.‚ Ltd. Head Office 1-1‚ 2-chome‚ Minami-Aoyama‚ Minato-ku‚ Tokyo 107-8556‚ Japan Tel: +81-(0)3-3423-1111
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Production & Operations Management–Homework 1 for Section 4 Due Tuesday October 16‚ 2012 1.1 Eastman publishing Company is considering publishing a paperback textbook on spreadsheet applications for business. The fixed cost of manuscript preparation‚ textbook design‚ and production setup is estimated to be $80‚000. Variable production and material costs are estimated to be $3 per book. Demand over the life of the book is estimated to be 4‚000 copies. The publisher plans to sell the text to college
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in process create value for customers and solve their problems. Production and operations management talks about applying business organization and management concepts in creation of goods and services. 1.1. PRODUCT Though many authors define the product with Consumer orientation‚ it is better for us to deal with different angles‚ because it will be helpful for us to understand the subject of production and Operation Management. (i) For a Consumer: The product is a combination of or optimal
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PRODUCTION & OPERATIONS MANAGEMENT Forecasting helps managers and businesses develop meaningful plans and reduce uncertainty of events in the future. Managers want to match supply with demand; therefore‚ it is essential for them to forecast how much space they need for supply to each demand. 1.1 QUANTITATIVE TECHNIQUES * LINEAR TREND Show steady‚ straight-line increases or decreases where the trend-line can go up or down and the angle may be steep or shallow
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