ASSIGNMENT DRIVE- WINTER 2015
SUBJECT CODE & NAME-MB 0044 – PRODUCTION AND OPERATION MANAGEMENT
Q1. What is value engineering? List the main benefits of value engineering?
Definition and explanation of Value Engineering (VE)
• Definition -1
• Example/s -2
• Where is it used?-1
• Why is it used? -2
• How is it helps the organisation? -2
Listing of the main benefits (any four): -2
• Cost reduction
• Overall cost consciousness
• Culture of effecting savings across organizations
• Streamlining of administration
• Development of reliable suppliers
Q2. (Case Study) Why did SABMilller revamp its supply chain? Describe the domain application used for SCM integration?
(Analysis of the major and minor issues for revamping the supply chain with evidence-5, Description of the SAP system, why it was used and the benefits from using the system-5) 10 marks
Q3. Write short notes on:
• Ingredients of a business process
• Acceptance sampling
• Work Breakdown Structure
(Ingredients of a business process, Acceptance sampling, Work Breakdown Structure, Productivity) 10 marks 2.5 marks each
Q4. Collaborative Forecasting Running Smoothly at Brooks Sports (Case Study)
What is the main issue of the case study? Analyze the forecasting solution.
(Description of the main issue (forecasting process needed to change), forecasting challenges-4, Evaluation of the collaborative forecasting process, Evaluation-4, Conclusion on whether the solution could be improved or not-2) 10 marks
Q5. Explain the risk management and its various components.
(Definition of risk management and what it entails, Description of the four components of risk management-2, Risk assessment-2, Risk control-2.5, Risk prioritizing-1, Risk mitigation-2.5) 10 marks
Q6. Why redesign of layouts may be necessary? List the differences between product and process layout.
(Listing of reasons why redesigning of existing layout is required-5, Listing of any five differences-5) 10 marks
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