Production & Operations Management

 

Assignment A

1. Discuss the Material Requirement planning.

Ans.

 

2. Differentiate between ABC and VED analysis.

Ans.

 

3. Explain EOQ.

Ans.

 

4. Discuss the PDCA cycle.

Ans.

 

5. Explain mass production system.

Ans.

 

6. Discuss different types of plant layout.

Ans.

 

7. Discuss JIT.

Ans.

 

8. Explain production planning and control.

Ans.

 

Assignment B

Case Detail:

EOQ applies only when demand for a product is constant over the year and each new order is delivered in full when inventory reaches zero. There is a fixed cost for each order placed, regardless of the number of units ordered. There is also a cost for each unit held in storage, commonly known as holding cost, sometimes expressed as a percentage of the purchase cost of the item.

We want to determine the optimal number of units to order so that we minimize the total cost associated with the purchase, delivery and storage of the product.

The required parameters to the solution are the total demand for the year, the purchase cost for each item, the fixed cost to place the order and the storage cost for each item per year. Note that the number of times an order is placed will also affect the total cost, though this number can be determined from the other parameters.

 

1. Discuss the parameters required to calculate EOQ. 

Ans.

 

2. When can EOQ be implemented? 

Ans.

 

3. Explain various costs associated with inventory.

Ans.

 

Assignment C

 

Question No.  1

…………...applies only when demand for a product is constant over the year and each new order is delivered in full when inventory reaches zero.

 

Options

1. EOQ

2. ABC

3. VED

4. FSN

 

Question No.  2

This is the variable cost of goods: purchase unit price × annual demand quantity.

 

Options

• Purchase cost

• Ordering cost

• Holding cost

• all of the above

 

Question No.  3

……………...is the planning of production and manufacturing modules in a company or industry

 

Options

1. production planning

2. production control

3. Both (a) & (b)

4. None of the above

 

Question No.  4

Production planning can be combined with production control into production planning and control, or it can be combined and or integrated into ………..

 

Options

1. ABC

2. EOQ

3. ERP

4. VED

 

Question No.  5

Production planning comprises of which of the following activities?

 

Options

1. Determination of the required product mix and factory load to satisfy customers needs

2. Matching the required level of production to the existing resources

3. Scheduling and choosing the actual work to be started in the manufacturing facility

4. all of the above

 

Question No.  6

………... is the activity of monitoring and controlling any particular production or operation.

Options

1. production planning

2. production control

3. Both (a) & (b)

4. None of the above

 

Question No.  7

This is the cost of placing orders: each order has a fixed cost K, and we need to order D/Q times per year.

 

Options

1. Purchase cost

2. Ordering cost

3. Holding cost

4. all of the above

 

Question No.  8

It is also known as Facilities Planning and Layout.

 

Options

1. Plant

2. production control

3. plant mayout

4. plant layout

 

Question No.  9

If all the processing equipment and machines are arranged according to the sequence of operations of the product, the layout is called...

 

Options

 Product or Line Layout

1. Process or Functional Layout.

2. Fixed Position Layout.

3. all of the above

 

Question No.  10

In this type of layout, only one product of one type of products is produced in an operating area.

 

Options

1. Product or Line Layout

2. Process or Functional Layout.

3. Fixed Position Layout.

4. all of the above

 

Question No.  11

This layout is particularly useful where low volume of production is needed.

 

Options

1. Product or Line Layout

2. Process or Functional Layout.

3. Fixed Position Layout.

4. all of the above

 

Question No.  12

It is an engineering study used to analyze different physical configurations for a manufacturing plant

 

Options

1. Plant

2. production control

3. plant mayout

4. plant layout

 

Question No.  13

It is a "set of actions and decision taken during production to regulate output and obtain reasonable assurance that the specification will be met."

 

Options

1. production planning

2. production control

3. Both (a) & (b)

4. None of the above

 

Question No.  14

In this type of layout, the machines and not arranged according to the sequence of operations but are arranged according to the nature or type of the operations.

 

Options

1. Product or Line Layout

2. Process or Functional Layout.

3. Fixed Position Layout.

4. all of the above

 

Question No.  15

……...is an Internet-enabled, often Web-based application that acts as a mechanism for business to manage and procure staffing services – temporary, and, in some cases, permanent placement services – as well as outside contract or contingent labor.

 

Options

1. ABC

2. EOQ

3. JIT

4. VMS

 

Question No.  16

The average quantity in stock (between fully replenished and empty) is Q/2, so this cost is h × Q/2

 

Options

1. Purchase cost

2. Ordering cost

3. Holding cost

4. all of the above

 

Question No.  17

An effective MPS

 

Options

1. Give production, planning, purchasing, and management the information to plan and control manufacturing

2. Tie overall business planning and forecasting to detail operations

3. Enable marketing to make legitimate delivery commitments to warehouses and customers

4. all of the above

 

Question No.  18

MPS issues:

 

Options

1. Width of the time bucket

2. Planning horizon

3. Rolling plan

4. all of the above

 

Question No.  19

In this type of layout the major component remain in a fixed location, other materials, parts, tools, machinery, man power and other supporting equipment’s are brought to this location.

Options

1. Product or Line Layout

2. Process or Functional Layout.

3. Fixed Position Layout.

4. all of the above

 

Question No.  20

………...is a methodology aimed primarily at reducing flow times within production as well as response times from suppliers and to customers.

 

Options

1. ABC

2. EOQ

3. JIT

4. VED

 

Question No.  21

…………….is a plan for individual commodities to be produced in each time period such as production, staffing, inventory, etc

 

Options

1. MPS

2. ABC

3. EOQ

4. JIT

 

Question No.  22

A…………. is a person or organization that vends or sells contingent labor.

 

Options

1. vendor

2. customer

3. company

4. all of the above

 

Question No.  23

This layout is commonly suitable for non repetitive jobs.

 

Options

1. Product or Line Layout

2. Process or Functional Layout.

3. Fixed Position Layout.

4. all of the above

 

Question No.  24

It is the most effective physical arrangement, either existing or in plans of industrial facilities i.e. arrangement of machines, processing equipment and service departments to achieve greatest co-ordination and efficiency of 4 M’s (Men, Materials, Machines and Methods) in a plant.

 

Options

1. Plant

2. production control

3. plant mayout

4. plant layout

 

Question No.  25

It utilizes the resource allocation of activities of employees, materials and production capacity, in order to serve different customers.

 

Options

1. production planning

2. production control

3. Both (a) & (b)

4. None of the above

 

Question No.  26

This type of layout is used in the manufacture of boilers, hydraulic and steam turbines and ships etc.

 

Options

1. Product or Line Layout

2. Process or Functional Layout.

3. Fixed Position Layout.

4. all of the above

 

Question No.  27

…………...is the process of determining the production capacity needed by an organization to meet changing demands for its products

 

Options

1. production control

2. plant mayout

3. plant layout

4. capacity planning

 

Question No.  28

Effective capacity is the maximum amount of work that an organization is capable of completing in a given period due to constraints such as

 

Options

1. quality problems

2. delays

3. material handling

4. all of the above

 

Question No.  29

 IT capacity planning involves

 

Options

1. estimating the storage

2. computer hardware, software

3. connection infrastructure resources

4. all of the above

 

Question No.  30

Demand for an organization's capacity varies based on

 

Options

1. changes in production output

2. increasing or decreasing the production quantity of an existing product

3. Both (a) & (b)

4. None of the above

 

Question No.  31

Better utilization of existing capacity can be accomplished through improvements in overall …….. effectiveness

 

Options

1. equipment

2. class

3. product

4. all of the above

 

Question No.  32

………….. can be increased through introducing new techniques, equipment and materials, increasing the number of workers or machines, increasing the number of shifts, or acquiring additional production facilities.

 

Options

1. control

2. management

3. Capacity

4. all of the above

 

Question No.  33

…….. strategy is adding capacity in anticipation of an increase in demand.

 

Options

1. lag

2. pull

3. push

4. lead

 

Question No.  34

A large capacity does not necessarily imply…... inventory levels, but it can imply higher cycle stock costs.

 

Options

1. low

2. zero

3. high

4. two

 

Question No.  35

…………. strategy refers to adding capacity only after the organization is running at full capacity or beyond due to increase in demand

 

Options

1. lag

2. pull

3. push

4. lead

 

Question No.  36

Typical features of a VMS application include

 

Options

1. order distribution,

2. consolidated billing

3. significant enhancements in reporting capability

4. all of the above

 

Question No.  37

This plan quantifies significant processes, parts, and other resources in order to optimize production, to identify bottlenecks, and to anticipate needs and completed goods.

 

Options

1. MPS

2. ABC

3. EOQ

4. JIT

 

Question No.  38

…………... strategy is an aggressive strategy with the goal of luring customers away from the company's competitors by improving the service level and reducing lead time.

 

Options

1. lag

2. pull

3. push

4. lead

 

Question No.  39

……..strategy is adding capacity in small amounts in response to changing demand in the market

 

Options

1. match

2. lag

3. pull

4. push

 

Question No.  40

………. strategy is adding or reducing capacity in small or large amounts due to consumer's demand, or, due to major changes to product or system architecture.

 

Options

1. attachment

2. match

3. lag

4. pull