Master of Business Administration - MBA Semester 2 MB0044 – Productions & Operations Management Assignment Set- 1 Q.1. What do you understand by Vendor-Managed Inventory (VMI)? Ans: Some firms have successfully improved their supply chain performance by implementing an approach known as Vendor Managed Inventory (VMI). With VMI the vendor specified delivery quantities sent to customers through the distribution channel using data obtained from EDI. Vendor Managed Inventory (VMI)
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Steininger. It was one of the world’s largest insurance companies. Around 51% of its business was in Germany with a 60% of its business in the field of retail insurance. Its keys to success were the traditional insurance management and its remarkable customer service. In DA‚ a typical process flow of a new policy would start by either a customer going to one of the companies branches or contacting a company agent. The customer would fill out an application – sometimes a check was attached- and the application
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SIX SIGMA and its Role in Quality Management Sung H. Park Department of Statistics‚ Seoul National University Kwanak-ku‚ Seoul‚ 151-742‚ Korea parksh@plaza.snu.ac.kr Abstract Six Sigma was introduced into Korea in 1997‚ and it is regarded as a fascinating management strategy in many Korean companies. First of all‚ the reasons why Six Sigma is fascinating are given and a smart way to introduce Six Sigma is illustrated. Seven step procedures to introduce Six Sigma are explained. Next‚ the differences
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EXAMPLES OF LITERATURE MAPS Refer to Creswell Figure 2.1 Literature Map - Security Architecture Literature Map Topic Classification Literature citation Project Management Industry Trends Project Management Terminology Keil M.‚ Ra A.‚ Mann J. E. C.‚ Zhang G. P.‚ (2003) Project Management Institute PMBOK (2000) Ross M.‚ (2005) Project Escalation and Abandonment Factors Keil M.‚ Rai A.‚ Mann J. E. C.‚ Zhang G. P‚ (2003) Pan G. S. C.‚ (2005)‚ Leadership and Vision Christenson
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allowed the company to increase productivity and reduce the time lost when a design was not fit for production. Santa Cruz Bicycles added an asset to their process‚ this asset was a machine that can produce in-house parts needed for their prototype‚ and another key factor was they hired a master frame building; providing and facilitating the process of building and testing prototypes decreasing their average time from design and shipping and eliminating the need for outsourcing (Pearlson‚ Saunders‚ 2013)
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have a negative cash-to-cash cycle in which the firm receives payment before it pays its suppliers. True False 8. One of the major benefits of concurrent engineering is the reduction in time to complete the new-product development process. True False 9. A process view emphasizes that it is important for a business to function as independent silos. True False 10. Product design supports the business strategy. True False 11. The master schedule should be frozen inside the production lead-time
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The current issue and full text archive of this journal is available at www.emeraldinsight.com/0265-671X.htm IJQRM 23‚9 The impact of total quality management on innovation Findings from a developing country Dinh Thai Hoang and Barbara Igel School of Management‚ Asian Institute of Technology‚ Klong Luang‚ Pathumthani‚ Thailand‚ and 1092 Received February 2005 Revised August 2005 Tritos Laosirihongthong Industrial Engineering Department‚ Faculty of Engineering‚ Thammasat University
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high priority as there was increasing competition. Annette Kluck‚ the Head of Operations‚ wanted to improve their quality of customer service by starting a Process Measurement and Improvement (“PMV”) project by using statistical process control (“SPC”). The use of on-line technology and a pilot program in the New Customer Policy Process department is recommended to help improve the accuracy and customer service experience. Monthly and quarterly meetings will be held to monitor the recommendations
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archive of this journal is available at www.emeraldinsight.com/0263-7472.htm Performance measurement in facilities management: driving innovation? Michael Pitt and Matthew Tucker School of the Built Environment‚ Liverpool John Moores University‚ Liverpool‚ UK Abstract Purpose – This paper aims to examine the state of knowledge of performance measurement in facilities management‚ in particular regarding the concepts underlying benchmarking in relation to its ability to drive innovation in the
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award of the degree of BACHELOR OF BUSINESS ADMINISTRATION (Industry Integrated) (IX trimester) Submitted by SUBHAJIT BISWAS Reg No: - 09-MBM-132 Roll No: - 1209438 Algol School of Management & Technology (2009-2012) Near Hero Honda Chowk‚ Sector - 34‚ Gurgaon‚ Haryana July 2012
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