Production & Operations Management (VV2)
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1 . Discuss the Material Requirement planning .
2 . Differentiate bteween ABC and VED analysis.
3 . Explain EOQ .
4 . Discuss the PDCA cycle.
5 . Explain mass production system.
6 . Discuss different types of plant layout.
7 . Discuss JIT.
8 . Explain production planning and control.
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.
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1. Discuss the parameters required to calcultae EOQ.
2. When can EOQ be implemented?
3. Explain various costs associated with inventory.
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.
EOQ
ABC
VED
FSN
2. This is the variable cost of goods: purchase unit price × annual demand quantity.
Purchase cost
Ordering cost
Holding cost
all of the above
3……………...is the planning of production and manufacturing modules in a company or industry
production planning
production control
Both (a) & (b)
None of the above
4. Production planning can be combined with production control into production planning and control, or it can be combined and or integrated into ………..
ABC
EOQ
ERP
VED
5. Production planningc omprises of which of the following activities?
Determination of the required product mix and factory load to satisfy customers needs
Matching the required level of production to the existing resources
Scheduling and choosing the actual work to be started in the manufacturing facility
all of the above
6. ………... is the activity of monitoring and controlling any particular production or operation.
production planning
production control
Both (a) & (b)
None of the above
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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.
Purchase cost
Ordering cost
Holding cost
all of the above
8. It is also known as Facilities Planning and Layout.
Plant
production control
plant mayout
plant layout
9. If all the processing equipment and machines are arranged according to the sequence of operations of the product, the layout is called ..
Product or Line Layout
Process or Functional Layout.
Fixed Position Layout.
all of the above
10. In this type of layout, only one product of one type of products is produced in an operating area.
Product or Line Layout
Process or Functional Layout.
Fixed Position Layout.
all of the above
11. This layout is particularly useful where low volume of production is needed.
Product or Line Layout
Process or Functional Layout.
Fixed Position Layout.
all of the above
12. It is an engineering study used to analyze different physical configurations for a manufacturing plant
Plant
production control
plant mayout
plant layout
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."
production planning
production control
Both (a) & (b)
None of the above
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.
Product or Line Layout
Process or Functional Layout.
Fixed Position Layout.
all of the above
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.
ABC
EOQ
JIT
VMS
16. the average quantity in stock (between fully replenished and empty) is Q/2, so this cost is h × Q/2
Purchase cost
Ordering cost
Holding cost
all of the above
17. An effective MPS
Give production, planning, purchasing, and management the information to plan and control manufacturing
Tie overall business planning and forecasting to detail operations
Enable marketing to make legitimate delivery commitments to warehouses and customers
all of the above
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18. MPS issues:
Width of the time bucket
Planning horizon
Rolling plan
all of the above
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.
Product or Line Layout
Process or Functional Layout.
Fixed Position Layout.
all of the above
20. ………...is a methodology aimed primarily at reducing flow times within production as well as response times from suppliers and to customers.
ABC
EOQ
JIT
VED
21. …………….is a plan for individual commodities to be produced in each time period such as production, staffing, inventory, etc
MPS
ABC
EOQ
JIT
22. A…………. is a person or organization that vends or sells contingent labor.
vendor
customer
company
all of the above
23. This layout is commonly suitable for non repetitive jobs.
Product or Line Layout
Process or Functional Layout.
Fixed Position Layout.
all of the above
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.
Plant
production control
plant mayout
plant layout
25. It utilizes the resource allocation of activities of employees, materials and production capacity, in order to serve different customers.
production planning
production control
Both (a) & (b)
None of the above
26. This type of layout is used in the manufacture of boilers, hydraulic and steam turbines and ships etc.
Product or Line Layout
Process or Functional Layout.
Fixed Position Layout.
all of the above
27. …………...is the process of determining the production capacity needed by an organization to meet changing demands for its products
production control
plant mayout
plant layout
capacity planning
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
quality problems
delays
material handling
all of the above
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29. IT capacity planning involves
estimating the storage
computer hardware, software
connection infrastructure resources
all of the above
30. Demand for an organization's capacity varies based on
changes in production output
increasing or decreasing the production quantity of an existing product
Both (a) & (b)
None of the above
31. Better utilization of existing capacity can be accomplished through improvements in overall …….. effectiveness
equipment
class
product
all of the above
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.
control
management
Capacity
all of the above
33. …….. strategy is adding capacity in anticipation of an increase in demand.
lag
pull
push
lead
34. A large capacity does not necessarily imply…... inventory levels, but it can imply higher cycle stock costs.
low
zero
high
two
35. …………. strategy refers to adding capacity only after the organization is running at full capacity or beyond due to increase in demand
lag
pull
push
lead
36. Typical features of a VMS application include
order distribution,
consolidated billing
significant enhancements in reporting capability
all of the above
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.
MPS
ABC
EOQ
JIT
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.
lag
pull
push
lead
39. ……..strategy is adding capacity in small amounts in response to changing demand in the market
match
lag
pull
push
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.
attachment
match
lag
pull
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