Description

SESSION JULY – AUG 2024
PROGRAM MASTER OF BUSINESS ADMINISTRATION (MBA)
SEMESTER II
COURSE CODE & NAME DMBA201 PRODUCTION AND OPERATIONS
MANAGEMENT
Assignment Set – 1
1.a. Explain the functions of Production Planning and Control
b. Organizations adopt differentiation strategy. Explain.
Ans 1.
a. Functions of Production Planning and Control
Production Planning and Control (PPC) are fundamental aspects of the production process in
any manufacturing or service delivery setting. These functions ensure that production processes
are efficient, cost-effective, and timely. The primary functions of PPC include:
Planning: This is the first step where the production capacity and resources needed are
determined. Planners assess the demand forecasts and accordingly plan the production
schedule, which includes the quantity of the product to be produced and the time frame for its
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2a. Explain the basic competitive priorities considered while formulating a firm’s
operations strategy.
b. What are the factors to be considered when selecting a forecasting method? Explain
briefly
Ans 2.
a. Basic Competitive Priorities in Operations Strategy
When formulating a firm’s operations strategy, competitive priorities play a pivotal role in
aligning the operations with business goals and customer expectations. These priorities help
the firm gain a competitive advantage in the market. The basic competitive priorities include:
Cost: Cost is a crucial priority for firms competing in price-sensitive markets. The focus is on
minimizing production costs through efficient processes, economies of scale, and cost-effective
3a. What are the factors to be considered while developing layout for manufacturing
facilities?
b. Explain the important factors that improve product quality.
Ans 3.
a. Factors to Consider While Developing Layout for Manufacturing Facilities
Developing an effective layout for manufacturing facilities is critical for achieving operational
efficiency, reducing costs, and ensuring smooth workflow. The following factors must be
considered during the layout design process:
Nature of the Product: The type of product being manufactured greatly influences the layout.
For example, mass production of standardized products may require a product-oriented layout,
Assignment Set – 2
4a. What is physical modelling of business? Explain briefly.
b. Explain five dimensions of project management.
Ans 4.
a. Physical Modelling of Business
Physical modelling of business refers to the creation of tangible or visual representations of
business processes, systems, or operations to understand, analyze, and improve them. It is a
technique often employed in operations and production management to provide a concrete
framework for visualizing abstract concepts. Physical models can range from prototypes and
scale models to diagrams and flowcharts that depict workflows, supply chains, or production
5a. Explain risk management and its various components.
b. What are the objectives of Supply Chain Management?
Ans 5.
a. Risk Management and Its Various Components
Risk management is a systematic process of identifying, analyzing, and addressing potential
risks to minimize their impact on an organization’s operations, finances, or reputation. It is a
critical component of business strategy and decision-making, ensuring that uncertainties are
managed proactively to protect assets and achieve objectives.
Components of Risk Management
Risk Identification: This involves pinpointing potential risks that could affect the
organization’s operations. Risks can be internal, such as process failures, or external, like
b. Objectives of Supply Chain Management
Supply Chain Management (SCM) is the coordination and integration of activities involved in
producing and delivering goods and services to ensure maximum efficiency and customer
satisfaction. It encompasses planning, sourcing, production, and logistics, aiming to streamline
6a. Why is value analysis conducted? List the benefits of value engineering.
b. Discuss the concept of 5S with reference to Just-In-Time.
Ans 6.
a. Why is Value Analysis Conducted? List the Benefits of Value Engineering
Value analysis is a systematic approach aimed at improving the value of a product or service
by examining its functions and costs. It is conducted to identify and eliminate unnecessary
expenses, ensuring that a product fulfills its intended purpose at the lowest possible cost
without compromising quality or performance. This process is vital for businesses striving to
remain competitive and cost-efficient in today’s dynamic market.
The primary goal of value analysis is to optimize resource utilization while maintaining or
b. The Concept of 5S with Reference to Just-In-Time
The 5S methodology is a workplace organization system originating from Japan, designed to
create and maintain a clean, efficient, and safe working environment. The 5S principles—Sort,
Set in Order, Shine, Standardize, and Sustain—are foundational to lean manufacturing and
closely align with the Just-In-Time (JIT) production system.
Sort (Seiri): This step involves removing unnecessary items from the workplace. By d