204 Operation & Supply Chain Management Model Ans
204 Operation & Supply Chain Management Model Ans
204-GC- 10 :
OPERATIONS AND SUPPLY CHAIN MANAGEMENT
(2019 Revised Pattern )
(Semester - II)
Q1) Attempt any five out of eight following questions. [10]
1. Customer Focus: TQM places a strong emphasis on understanding and meeting the
needs and expectations of customers. This involves gathering feedback,
understanding customer requirements, and aligning processes to deliver products
and services that consistently meet or exceed customer expectations.
2. Continuous Improvement: TQM advocates for a culture of continuous
improvement throughout the organization. This principle, often referred to as
"Kaizen" in Japanese, involves constantly seeking ways to improve processes,
systems, and practices to enhance quality, efficiency, and effectiveness.
Continuous improvement is driven by data, feedback, and the involvement of
employees at all levels.
3. Employee Involvement: TQM recognizes the importance of involving employees
at all levels of the organization in the quality improvement process. Employees are
encouraged to contribute their ideas, knowledge, and skills to identify problems,
suggest solutions, and implement changes that lead to improved quality and
performance. Empowering employees fosters a sense of ownership and
commitment to quality.
4. Process Approach: TQM emphasizes the importance of viewing organizational
activities as interconnected processes that contribute to the achievement of quality
objectives. By understanding and managing these processes systematically,
organizations can identify areas for improvement, optimize performance, and
achieve better outcomes. This principle encourages organizations to focus on the
entire value chain rather than isolated activities or functions.
These principles form the foundation of TQM and guide organizations in their
pursuit of excellence and continuous improvement in quality management.
d) List 2 examples of Batch Production.
1. Bakery: In a bakery, products such as bread, cookies, and pastries are often made
in batches. For example, a batch of bread may involve mixing the dough, proofing,
shaping, baking, and cooling before the next batch is started. Each batch of
products goes through the same series of steps, but the size of each batch may vary
based on demand and production capacity.
2. Pharmaceutical Manufacturing: In pharmaceutical manufacturing, medications are
often produced in batches to ensure consistency and quality control. For instance, a
batch of tablets may involve mixing the active ingredients with excipients,
compressing the mixture into tablets, coating them if necessary, and then
packaging them. Each batch undergoes testing and quality assurance procedures
before being released for distribution.
These examples illustrate how batch production is used across various industries to
efficiently produce goods in manageable quantities while maintaining quality
standards.
1. Demand Forecasting: PPC plays a crucial role in forecasting demand for products
or services based on historical data, market trends, and customer feedback.
Accurate demand forecasting enables organizations to plan production schedules
and allocate resources effectively.
2. Production Scheduling: PPC is responsible for creating production schedules that
outline the sequence and timing of operations required to meet production targets.
Production scheduling involves balancing production capacity, inventory levels,
and customer demand to optimize efficiency and minimize lead times.
3. Resource Allocation: PPC coordinates the allocation of resources such as
manpower, materials, equipment, and facilities to ensure that production activities
are carried out smoothly and efficiently. This involves determining the optimal use
of resources to meet production requirements while minimizing costs and
maximizing productivity.
4. Monitoring and Control: PPC monitors production processes in real-time to
identify any deviations from the planned schedule or quality standards. By
implementing control measures such as feedback mechanisms and performance
metrics, PPC ensures that production activities are aligned with organizational
goals and objectives.
5. Inventory Management: PPC is responsible for managing inventory levels to
ensure that sufficient stock is available to meet customer demand without
excessive holding costs or stockouts. This involves implementing inventory control
techniques such as just-in-time (JIT) inventory systems and economic order
quantity (EOQ) models to optimize inventory levels and minimize costs.
Overall, Production Planning and Control (PPC) plays a critical role in optimizing
production processes, maximizing efficiency, and ensuring that products are
delivered to customers in a timely and cost-effective manner.
f) Define Scheduling.
Ans ; Scheduling is the process of determining and organizing the sequence and
timing of activities, tasks, or events within a given timeframe to achieve specific
objectives or goals. In various domains such as manufacturing, project
management, transportation, and service industries, scheduling involves allocating
resources, setting priorities, and establishing timelines to optimize efficiency, meet
deadlines, and maximize productivity. Scheduling typically involves
considerations such as resource availability, task dependencies, constraints, and
desired outcomes. It aims to create a structured plan that outlines when and how
activities will be executed to accomplish predetermined objectives while balancing
conflicting requirements and priorities.
g) State the full of VED and GOLF.
1. Supply Chain Ethics: Ethical concerns can emerge throughout the supply chain,
from sourcing raw materials to distributing finished products. Issues such as child
labor, poor working conditions, and exploitation of workers in supplier factories or
mines can raise ethical dilemmas for operations managers. Ensuring ethical
sourcing practices, conducting audits, and collaborating with suppliers to improve
working conditions are crucial steps to address these concerns.
2. Environmental Sustainability: Operations management directly impacts the
environment through resource consumption, waste generation, and carbon
emissions. Sustainable practices such as reducing energy usage, minimizing waste,
and optimizing transportation routes can mitigate environmental impacts.
Additionally, sustainable product design, recycling initiatives, and adopting eco-
friendly technologies are essential for minimizing the ecological footprint of
operations.
b) Explain service Blue Printing. c) Explain the Key issues of Supply Chain
Management.
OR
Ans ;
Appraising the enablers of the supply chain involves evaluating the key factors that
contribute to the effectiveness, efficiency, and competitiveness of supply chain
operations. Here are ten enablers of the supply chain:
C1 3000 50
C2 4000 12
C3 1500 15
C4 6000 10
C5 1000 20
C6 500 500
C7 300 1500
C8 600 2
C9 1750 10
C10 2500 5
Ans ; To categorize the components into A, B, and C categories based on the ABC
analysis method, we typically consider the annual demand and cost per unit.
Components with high annual demand and high unit cost are categorized as A,
components with moderate demand and moderate cost are categorized as B, and
components with low demand and low cost are categorized as C. Here's how we
can categorize the given components:
A Category:
C Category:
Explanation:
Components in the A category have high annual demand and high unit cost,
indicating they are critical and require close monitoring and management.
Components in the B category have moderate annual demand and moderate
unit
OR
Ans ; To categorize the various inventory costs and appraise the Economic Order
Quantity (EOQ) using graphical representation, we'll need to consider the
following costs:
1. Ordering Cost: The cost associated with placing and receiving an order for
inventory.
2. Holding (Carrying) Cost: The cost of holding inventory in stock, including storage,
insurance, and obsolescence costs.
3. Total Inventory Cost: The sum of ordering cost and holding cost.
The EOQ is the optimal order quantity that minimizes the total inventory cost,
balancing the trade-off between ordering cost and holding cost. We can use a
graphical representation to illustrate this relationship.
Q5) a) Design the service system for online Banking operations. (Consider
assumptions). [10]
Ans ; Designing a service system for online banking operations involves creating a
framework that ensures seamless, efficient, and secure interactions between
customers and the bank's digital platforms. Here's a high-level design for the online
banking service system, considering various assumptions:
Assumptions:
1. User Interface:
Develop a user-friendly interface for the online banking platform accessible
via web browsers and mobile apps.
Design intuitive navigation menus, dashboards, and interactive features for
account management, transaction history, bill payments, fund transfers, and
other banking services.
Customize the interface to provide personalized experiences based on
customer preferences and transaction history.
2. Account Management:
Enable customers to view account balances, transaction history, statements,
and account details in real-time.
Allow customers to manage account settings, update personal information,
and set up alerts for account activities.
Implement features for opening new accounts, applying for loans, and
managing investments through the online platform.
3. Transaction Processing:
Enable customers to initiate various types of transactions, including fund
transfers between accounts, payments to beneficiaries, and bill payments to
merchants.
Implement secure authentication mechanisms such as passwords, biometrics,
or one-time passwords (OTPs) for transaction authorization.
Provide options for scheduling recurring payments, setting up automatic
transfers, and managing standing instructions for regular transactions.
4. Customer Support:
Integrate online chat support for real-time assistance with account inquiries,
technical issues, and service requests.
Offer self-service options such as FAQs, knowledge bases, and video
tutorials to help customers troubleshoot common issues and learn about
banking services.
Provide email and phone support channels with trained customer service
representatives available during extended hours to address complex queries
and concerns.
5. Security and Compliance:
Implement robust security measures to protect customer data, including
encryption of sensitive information, secure login protocols, and monitoring
of suspicious activities.
Enforce multi-factor authentication for accessing accounts and performing
sensitive transactions to prevent unauthorized access.
Conduct regular security audits, vulnerability assessments, and compliance
checks to ensure adherence to regulatory standards and industry best
practices.
6. Continuous Improvement:
Gather customer feedback through surveys, ratings, and user analytics to
identify areas for improvement in the online banking experience.
Regularly update the online banking platform with new features,
enhancements, and bug fixes based on customer feedback and market trends.
Monitor performance metrics such as uptime, response times, and customer
satisfaction scores to measure the effectiveness of the service system and
drive continuous improvement initiatives.
By implementing this service system design for online banking operations, the
bank can offer a seamless and secure digital banking experience to its customers,
enabling them to conveniently access banking services anytime, anywhere.
OR
Assumptions:
1. The computer accessories manufacturing company produces a range of products
such as keyboards, mice, headphones, USB drives, and laptop bags.
2. Raw materials and components are sourced from suppliers globally to meet
production requirements.
3. The company operates multiple manufacturing facilities for assembling and
packaging computer accessories.
4. Finished products are stored in warehouses strategically located to serve regional
and international markets.
5. Distribution channels include direct sales, online retail platforms, and partnerships
with distributors and retailers.
6. The supply chain model prioritizes efficiency, quality, and customer satisfaction
while minimizing costs and lead times.