Production & Operations Management

1. JOSEPH’S COLLEGE OF COMMERCE (AUTONOMOUS)

END SEMESTER EXAMINATION – OCTOBER 2014

B.B.M.– III SEMESTER

PRODUCTION & OPERATIONS MANAGEMENT

Duration: 3 Hours                                                                                       Max. Marks: 100

 

SECTION – A

 

1. Answer ALL the questions. Each carries 2 marks                                      (10 x2 =20)

 

1. What is decentralized buying?
2. What is Productivity?
3. What is Automation?
4. What is Just – in – Time inventory control?
5. What is standard time?
6. What is meant by Quality?
7. What is Material handling?
8. Write about Surplus disposal?
9. Mention any four factors affecting the choice of location of Production facility.
10. What is Statistical Process control?

 

SECTION – B

 

1. Answer any FOUR Each carries 5 marks.                                  (4×5=20)
2. Explain the types of maintenance management?
3. Explain ABC analysis. Name few materials of A, B, C categories in industry of your choice?
4. What do you understand by Supply chain management? Explain SCM a with Diagram
5. Explain the relationship between production and other functions.
6. What is JIT. Compare JIT with traditional purchasing.
7. Find out the Economic ordering quantity(E.O.Q) from the following

Particulars
Annual usage: 4,000 units
Cost of material per unit: Rs. 40.
Cost of placing and receiving one order: Rs.32
annual carrying cost of one unit: 10% of inventory value.
SECTION – C

III)      Answer any THREE questions.    Each carries 15 marks.                    (3×15=45)

 

17. Explain the functions of Production planning and control?
18. What do you mean by TQM and Quality circle? How does TQM relate to other functional areas of management?
19. Companies like BEML, HAL consume 70% of materials in their product. Explain how and why purchasing is important in these companies. Also explain the purchasing policies.
20. Explain the types of Plant Layout with diagrams.
21. What is work study? Explain the objectives of Method study and Time study in detail.

SECTION – D

1. IV) Case study- Compulsory questions. (15 marks)
2. ABCcompany is a producer of specialized pulverizing equipment. Almost all of its products are made to customers’ special order, and vary from small units suitable for making face power to huge machines used to pulverize rocks.

 

The company uses in its machines a number of bearings that are relatively expensive and that must be ordered from three to six months before the date they are needed. Because of required lead time it has been the practice to keep a considerable inventory of bearings on hand. Under the circumstances it is almost impossible to predict future usage, but the general intent is to keep a six months’ supply of bearings on hand at all times. Despite this considerable investment in bearings, however, it still has not prevented the delay of a number of orders as a result of an inadequate supply of the right kind of bearing for a specific job.

 

One difficulty seem to stem from the fact that frequently, when the store room clerk is busy  with other work , the machine assemblers help themselves to the bearings needed. The assemblers, being more interested in machine assembly than in paper work, will seldom leave requisitions for bearings they take.

Questions:

1. Summarize the case and identify the problems.
2. Analyze the causes of the problem
3. What steps can be taken to ensure that bearings will be on hand when needed?
4. Is there any way the investment in bearing inventory can be reduced?
5. Choose the best alternative course of action. Justify.
6. Present the suggestion in a report form.