MB0044 – Production & Operations Management Q.1. what do you understand by Vendor-managed Inventory (VMI)? Ans. Vendor managed inventory: The very purpose of JIT is to reduce Inventory at all places in the supply chain. Inventory is considered a waste because Inventory is created by using materials‚ machines and efforts of persons. All of these Are resources which have already been used up and that portion of it which is not Consumed and sent up the value chain causes a drag on the system
Premium Project management
Being in the right location is a key ingredient in a business ’s success. If a company selects the wrong location‚ it may have adequate access to customers‚ workers‚ transportation‚ materials‚ and so on. Consequently‚ location often plays a significant role in a company ’s profit and overall success. A location strategy is a plan for obtaining the optimal location for a company by identifying company needs and objectives‚ and searching for locations with offerings that are compatible with these needs
Premium Corporation Types of business entity Company
Forecasting Forecast can help managers by reducing some of the uncertainty‚ thereby enabling them to develop more meaningful plans than they might otherwise. A forecast is a statement about the future. Features common to all forecasts 1. The same underlying causal system that existed in the past will continue to exist in the future. 2. Forecasts are rarely perfect; actual results usually differ from predicted values. 3. Forecasts for groups of items tend to be more accurate than forecasts
Premium Forecasting Regression analysis Linear regression
centralized or on-site location 4. Whether to inspect attributes or variables * How Much to Inspect? * Typical Inspection Points: * Raw materials and purchased parts * Finished products * Before a costly operation * Before an irreversible process * Before a covering process * Effects on cost and level of disruption are a major issue in selecting centralized vs. on-site inspection * Centralized * Specialized tests that
Premium Quality control Process capability Control chart
MBA SEMESTER-4 ASSIGNMENT set 1 Name :……………………….. Registration No. :………………………. Learning Center :………………………. Learning Center Code :……………………… Course :………………………. Subject :………………………. Semester :………………………. Module No. :………………………. Date of submission :………………………. Marks awarded :………………………. Directorate of Distance Education Signature of Sikkim Manipal University Center Signature of Evaluator II Floor‚ Syndicate House Manipal- 576104 Signature of Coordinator Important Note to the Students: The student
Premium Strategic management Management Master of Business Administration
OPERATIONS MANAGEMENT MGCR 472 ASSIGNMENT # 1 (Total 100 points) Due on 7th October (Thursday) by 5pm Make sure to write the name‚ student # and section # for each student in the group on the cover page of the assignment 1. Suppose you/your group is the owner of a company that produces e-readers. The present production rate is 1000 e-readers /day and the selling price is $210/unit. It requires 200 workers working 8 hours/day to produce the e-readers and they are paid $20/hour. The material
Premium Management Strategic management Marketing
http://fp05-527.web.dircon.net/ikea_company_profile.html Profile: ikea IKEA is the world’s most successful mass-market retailer‚ selling Scandinavian-style home furnishings and other house goods in 230 stores in 33 countries and hosting 410 million shoppers per year. An acronym for founder Ingvar Kamprad and his boyhood home of Elmtaryd‚ Agunnaryd‚ IKEA began operating in Sweden in 1943 and continues its original ethos based upon cost obsession fused with design culture. No design‚ no matter
Premium IKEA Ingvar Kamprad
London School of Business & Finance (LSBF) MBA / MSc Marketing Module Market ing Management Assignment Title Marketing Management Assignment Type Written assignment Word Limit 3000 words Weighting 50% Student Intake Intake 6 Issue Date 18 Feb. 11 Submission Date 28 Mar. 11 Feedback Date Issued by (Assessor) Debbie Pearson Internal Verifier Kulbir Basra Plagiarism When submitting work for assessment‚ students should be aware of the LSBF guidance and regulations in concerning plagiarism
Premium Marketing
Cost - Risk In this case‚ the advantages that Deaconess Clinic‚ as a service company‚ would have if they performed it in-house would be at quality and risk factors. If the cooking activity performed within the hospital‚ it would be easier for the management to control the quality of the food‚ and minimizing the risk of contamination from outside. Other than that‚ employees could feel more about the “family” atmosphere if they doing the activity in a same room and doing teamwork. On the other hand
Premium Management Outsourcing Service
Case Introduction The Kaiser Aluminum and Chemical Corporation and the United Steelworkers of America entered into an agreement to reserve 50% of the openings in an in plant craft training program for African Americans (Byars & Rue‚ 2008). Brian F. Weber was a white male who wanted to enter this program but was denied. Weber claimed he was discriminated against due to the fact that African American employees were accepted into a training program over senior white employees. Mr. Weber had seniority
Premium Discrimination Affirmative action Equal Employment Opportunity Commission