INTERNAL ASSIGNMENT – 1
World Class Manufacturing
1.
Write answers for any two questions from below. (5 marks each – Word limit –
500)
A.
Explain the transition to world class organization.
Ans: World Class Manufacturing is a management concept, which can be translated as production on a global level philosophy of WCM in the manufacturing plant has decreased misfortunes and improved the quality of the items. World Class Manufacturing is an administration idea, which can be interpreted as a creation on a worldwide level. It is a way of thinking which was made to accomplish
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B.
What are forces at work for Global Integration?
C.
What are the drawbacks of traditional batch manufacturing environment?
Batch production is a method of manufacturing where identical or similar items are produced together for different sized production runs. The method allows for products to be mass-produced in batches with small to major changes to the product, from car doors through to
Q.2.
Write short notes on all of the following topics (1 mark each - Word limit -
100)
A.
Business Strategy.
Ans: A business
strategy is an outline of the
actions and decisions a company plans to take to reach its goals and objectives.
A business strategy defines what the company needs to do to reach its goals,
which can help guide the decision-making process for hiring as well as resource
allocation.
For example,
.
INTERNAL ASSIGNMENT – 2
World Class Manufacturing
1.
Write answers for any two questions from below. (5 marks each – Word limit –
500)
A.
Discuss the Major Steps of the BASIC MODEL of PI.
B.
Explain the term Quality management in detail with example.
Ans: Quality management is the act of overseeing all
activities and tasks that must be accomplished to maintain a desired level of
excellence. This includes the determination of a quality policy,
C.
Identify a service situation where the 3 M's could be employed.
Ans: Market
demand. Market size and structure. Money. Explore them all before diving into
your startup.
You've got
a great idea for a business. But before you manufacture that
product or set up your ingenious new service, you need to do your homework.
So says
Elizabeth Thornton, chief diversity officer at Babson College, and president and CEO of
Q.2.
Write short notes on all of the following topics (1 mark each - Word limit -
100)
A. Explain vertical integration.
Vertical integration is a strategy
that allows a company to streamline its operations by taking direct ownership
of various stages of its production process rather than relying on external
contractors or suppliers.
There are three
INTERNAL ASSIGNMENT – 1
Operations Planning & Control
Q.1. Write answers for any two questions from
below. (5 marks each – Word limit – 500)
A. What is the essence of production control?
How can you link this to production productivity?
Ans: Production control is the
task of predicting, planning and scheduling work, taking into account manpower,
materials availability and other capacity restrictions, and cost so as to
achieve proper quality and quantity at the time it is needed and then following
up the schedule to see that the plan is carried out, using.
Production
Control
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B. Distinguish between Load chart and Machine
loading chart.
C. Discuss the organization of PPC function
with the help of Organization Chart.
Ans: Production Planning and Control, or
just PPC, is a corporate management system for a
business’s production processes.
PPC allows you to plan when, how much, where, and in what order to
produce and ensures a constant check on operations in order for everything to
go as planned. This way, facilities will produce better and to their
Q.2. Write short notes on all of the following
topics (1 mark each - Word limit - 100)
A. Explain Customer Service.
Ans: Customer service is the support you offer your customers — both
before and after they buy and use your products or services — that helps them
have an easy and enjoyable experience with you. Offering amazing
customer service is important if you want to retain customers and grow your
INTERNAL ASSIGNMENT – 2nd
Operations Planning & Control
1. Write answers for any two questions from
below. (5 marks each – Word limit – 500)
A. Define the term "Maintenance".
Bring out its scope and importance.
Ans: The word ‘maintenance’ does
not mean repairs. But maintenance really means to keep up and not only to
repair when it breaks down. It must be a regular and methodical process. The
emphasis should be on maintenance rather than on repair.
Scope
of Maintenance:
Plant
B. Discuss problems of Scheduling in job shop
production.
Ans: Problems of
Scheduling in job shop production:-
CHALLENGE: Scheduling Machines and Resources
Failure to schedule resources effectively and efficiently has serious
negative downstream effects, ranging from high employee attrition rates and
excess inventory to dissatisfied customers and loss of revenue.
SOLUTION: Develop Optimized Workflows
Using a next-
C. Describe the common approaches to
scheduling Services.
Q.2. Write short notes on all of the
following topics (1 mark each - Word limit - 100)
A. Define hot dipping.
Ans: Hot dip galvanizing is a
process developed to prevent steel
from corroding. Before the process can take place, the steel goes
through a thorough chemical clean which removes all rust, oil and mill scale
from the
INTERNAL ASSIGNMENT – 1
Inventory & Purchase Management
Q. 1. Write answers for any two questions
from below. (5 marks each – Word limit – 500)
A. Explain the relationship of materials
planning with sales forecast.
B. What are the objectives of purchase
department?
Ans: Purchasing
is the first phase of Materials Management. Purchasing means procurement of
goods and services from some external agencies. The object of purchase
department is to arrange the supply of materials, spare parts and services or
semi-finished goods, required by the organisation to produce the desired
product, from some agency or source outside the organisatio
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C. Explain advantages and disadvantages of
integrated materials management in detail
Ans: An integrated
management system is an effective organizational approach to simplify the work,
to avoid conflicts and to reduce duplication of documents. Integrating
management systems may possibly lead to cost savings and efficient utilization
of resources within an organization.
Some of the
advantages of the intregrated management system include;
- A well-planned IMS is likely to
operate more cost effectively than separate management systems, and
facilitate decision-making that best reflects the overall needs of the
organization.
Q.2. Write short notes on all of the
following topics (1 mark each - Word limit - 100)
A. Explain the term right price.
Ans: The beauty of this pricing
strategy is that clients are made
aware of added benefits, and thus value, that your product has compared to
competitors. According to economist and author, Prof Michael Porter
(cited in HBR), customers will happily pay a higher price as long as they know
they are getting value for money. The
price is very reasonable, it is a good value. This term is often used
jokingly to describe something that is free but otherwise not particularly
praiseworthy. For example, These golf balls we found in the pond may not look
new, but the price is right
INTERNAL ASSIGNMENT – 2
Inventory & Purchase Management
Q. 1. Write answers for any two questions
from below. (5 marks each – Word limit – 500)
A. What is material budgeting? Explain its purpose
in detail.
Ans: Material budgeting
refers to the procedure of
preparing material or purchase budget in terms of quantity and money value of
materials to be procured in a specified time period. Not only does it
helps in estimating the material prices over a period of time, but also
analyses the material
B. Explain the different factors to be
consider for selection of vendor.
Some
of the factors relevant for the selection of a vendor are:
1.
Quality
2.
Price
3.
Quick
C. Explain the organization structure of
materials department.
Q.2. Write short notes on all of the
following topics (1 mark each - Word limit - 100)
A. What is inventory count?
Ans: Inventory counting is the method of monitoring what is in stock by
taking an actual count of all the products. This is a thoroughly
coordinated process, which includes separating, counting items, and recording
the results. The purpose of inventory counting is to determine the actual
inventory
INTERNAL ASSIGNMENT – 1
Entrepreneurship & Innovation Management
1.
Write answers for any two questions from below. (5 marks each – Word limit –
500)
A.
Explain State Financial Corporations (SFCs). Explain its Functions and Working?
Ans: The State Finance
Corporations (SFCs) are an
integral part of institutional finance structure of a country. Where SEC
promotes small and medium industries of the states. Besides, SFC help in
ensuring balanced regional development, higher investment, more employment generation
and broad ownership of various industries.
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B. Discuss the role and functions of
entrepreneurship?
Ans: Production process was very simple in olden days. A
single person carried on all the activities relating to the production of
commodities and services. But many changes came into being after industrial
revolution. Factors of production are owned by different persons. Therefore,
one individual is needed to bring co-ordination among different factors of
production. He is called the
C.
Describe the conditions under which concessions are not eligible.
2.
Write short notes on all of the following topics (1 mark each - Word limit -
100)
A.
What is Creative Thinking?
Ans: Creative thinking
is a skill which lets you consider
things from a fresh perspective and different angles. It's an inventive
thought process which results in surprising conclusions and new ways of doing
things. Creative thinking can be aided by brainstorming or lateral thinking to
generate ideas.
INTERNAL ASSIGNMENT – 2
Entrepreneurship & Innovation Management
1.
Write answers for any two questions from below. (5 marks each – Word limit –
500)
A.
Write an elaborate note on Contribution of msmes to the Economy?
Ans: MSME
In
India, MSMEs contribute nearly 8% of the country’s GDP, around 45% of the
manufacturing output, and approximately 40% of the country’s exports. It won’t
be wrong to refer them as the ‘Backbone of the country.’
The
Government of India has introduced MSME
or Micro, Small, and Medium Enterprises in agreement with Micro, Small and Medium Enterprises Development
(MSMED) Act of 2006. These enterprises
B.
Discuss the criteria to select the best idea?
Ans: The innovation leadership dilemma is a classic decision-making problem. Unless you have a template by which to judge ideas, you'll be flipping and flopping, and you'll never be quite sure how to select. In an organizational context where time and resources are essential, you need to have clear criteria to select the best idea.
In the final analysis, innovation leaders are held accountable not simply for the success of the prototype, but for
C.
Discuss Entrepreneurship Development Institute of India (EDII) and its role in
Skills
2.
Write short notes on all of the following topics (1 mark each - Word limit -
100)
A.
Explain Preservance.
Ans: Perseverance
definition
Perseverance is persistence in
sticking to a plan. An example of perseverance is working out for two
hours each
INTERNAL ASSIGNMENT – 1
Business Policies & Strategic Management
Q.1.
Write answers for any two questions from below. (5 marks each – Word limit –
500)
A.
Explain the importance of Marketing Intermediaries analysis
Ans:
Market intermediaries are the bodies involved in transacting
the product from the producer till the time it gets purchased by the ultimate
consumer can be termed. Market intermediaries can be individuals or firms. The
products keep changing the possession at each level where subsequent
transporting and inventory costs get added. Finally the product gets available
at the retail outlet at a certain Its
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B.
State the important Classification of Objectives
Ans: Classification of Objectives:
Management objectives can be classified as follows:
1. Primary
Objectives:
These are the objectives for which a company has
been started. Every business aims to earn more and more profits out of its
working. Primary objectives are related to the company and not to individuals.
Earning of profits out of providing goods and services to the customers is the
primary objective of a company. The goods and services are provided as per the
requirements of customers. Earning profits
Q.2.
Write short notes on all of the following topics (1 mark each - Word limit -
100)
A.
Approaches in Strategy Implementation
Ans: The Planning Approach
- The future can be predicted
accurately enough to make rational choices
- It is possible to detach
strategy formulation from everyday management
- It is possible
INTERNAL ASSIGNMENT – 2
Business Policies & Strategic Management
Q.1.
Write answers for any two questions from below. (5 marks each – Word limit –
500)
A.
State the Stability Strategies
Ans:
Stability strategy is a strategy in which the organization retains its
present strategy at the corporate level and continues focusing on its present
products and markets. The firm stays with its current business and
product markets; maintains the existing level of effort; and is satisfied with
incremental growth. It does not seek to invest in new factories and capital
assets, gain market share, or invade new geographical territories.
Organizations choose this strategy when the industry in which it operates or
the state of the economy is in turmoil or when the industry faces slow or no
growth prospects. They also choose this strategy when they go through a period
of rapid expansion and
B.
Explain the need for Environment Analysis
An environmental analysis helps organizations
identify internal and external elements that can either negatively or
positively impact their business. By looking at factors, such as the economy
and technology, businesses can anticipate potential opportunities and threats.
Learning about how to conduct an environmental analysis can help you prepare an
effective marketing strategy for your busine
Q.2.
Write short notes on all of the following topics (1 mark each - Word limit -
100)
A.
Micro Environment Analysis
Ans Micro environment
analysis is the analysis that is
done on the elements of a micro-environment. These consist of all actors
and elements of the immediate environment of an organization. These have a
direct influence on the way the company is run.
The important
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