PRODUCTION PLANNING AND CONTROL

Transcription

1 IM-01 III SEMESTER MBA INDUSTRIAL ENGINEERING EXAMINATION JANUARY PRODUCTION PLANNING AND CONTROL Time: 3 Hours Max. Marks 80 Instruction: Answer all questions from part A, and answer any five questions from part B. PART A I. Answer All The Questions (6 X 5 = 30) 1. What is production planning and control? What are the differences between production planning and production control? 2. Explain the concept of bill of material? 3. Write short notes on value analysis? 4. What is EOQ? Explain its assumption in detail? 5. Explain functions of inspection? 6. Describe the role of routing? PART B II. Answer any five questions. (case study is compulsory) (5X 10 = 50) 7. CASE STUDY Chadha s Creative Concepts designs and manufactures wood furniture. Founded by Anil Chadha in Munirka, New Delhi, the company began by producing custom-made wooden furniture for furniture dealers. Being an outdoors type himself, Anil Chadha originally wanted to bring a bit of the outdoors inside. Chadha s Creative Concepts developed a solid reputation for creative designs and high-quality workmanship. Sales eventually encompassed the entire South Delhi region. Along with growth came additional opportunities. Traditionally, the company had focused entirely on custom-made furniture, with the customer specifying the kind of wood from which the piece would be made. As the company s reputation grew and sales increased, the sales force began selling some of the more popular pieces to retail furniture outlets. This move into retail outlets let Chadha s Creative Concepts into the production of a more standard line of furniture. Buyers of this line were much more price sensitive and imposed more stringent delivery requirements than did clients for the custom line. Custom designed furniture, however, continued to dominate sales, accounting for 60 percent of volume and 75 percent of

2 rupee sales. Currently, the company operates a single manufacturing facility in Panchkuian, where both custom and standard furniture is manufactured. The equipment is mainly general purpose in nature in order to provide the flexibility needed for producing custom pieces of furniture. The layout groups saws in one Section of the facility, lathes in another, and so on. The quality of the finished product reflects the quality of the wood chosen and the craftsmanship of individual workers. Both customs and standard furniture compete for processing time on the same equipment by the same crafts people. During the past few months, sales of the standard line have steadily increased, leading to more regular scheduling of this line. However, when scheduling trade-offs had to be made, custom furniture was always given priority because of its higher sales and profit margins. Thus, scheduled lots of standard furniture pieces were left sitting around the plant in various stages of completion. As he reviews the progress of Creative Concepts, Chadha is pleased to note that the company has grown. Sales of custom furniture remain strong, and sales of standard pieces are steadily increasing. However, finance and accounting have indicated that profits are not what they should be. Costs associated with the standard line are rising. Rupees are being tied up in inventory, both of raw materials and work in process. Expensive public warehouse space has to be rented to accommodate the inventory volume. Chadha also is concerned with increased lead times for both custom and standard orders, which are causing longer, promised delivery times. Capacity is being pushed, and no space is left in the plant for expansion. Chadha decides that the time has come to take a careful look at the overall impact that the new standard line is having on his operations. Qusestions 8. What types of decisions must Anil Chadha make daily for his company s operations to run effectively? Over the long run? (10 Marks) 9. Explain various types of production system with merits and demerits? 10. What is MRP I? Explain the process and problems of Material Requirement planning? 11. Write short notes on a. P&Q inventory system b. ABC analysis 12. Explain 8R s in purchasing? 13. What are the various functions of stores department? 14. What is scheduling? Explain various types of scheduling?

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5 IM-02 III SEMESTER M.B.A INDUSTRIAL ENGINEERING EXAMINATION JANUARY-2013 MATERIALS AND STORES MANAGEMENT Time: 3Hrs Max Marks: 80 Instruction: Answer all question from part A and answer any five question from Part-B PART-A I. Answer all questions (6x5=30) 1. Explain different types of risk? 2. Write short notes on a) Lead time b)reorder level 3. What is Distribution Requirement Planning? 4. Briefly explain the principles of Material handling? 5. Briefly explain the steps involved in Vendor selection? 6. What are environmental issues associated with stores management? PART-B II. Answer any five question (5x10=50) 7. What is Materials management? Explain the functions of materials manager? 8. Describe selective inventory control techniques in detail? 9. Explain Materials Requirement planning in detail with neat diagram? 10. Briefly explain the following concept a) Just-In-Time b)kanban card 11. What is EOQ? Explain its assumption, advantages and disadvantages? Explain different methods of stores layout? 12. Explain different methods of waste disposal with suitable example? 13. Explain operation research application to stores department?

6 IM-03 III SEMESTER MBA IN INDUSTRIAL ENGINEERING EXAMINATION, JANUARY-2013 INDUSTRIAL ECONOMICS AND MANAGEMENT Time: 3 Hours Max. Marks 80 Instruction: Answer all questions from part A, and answer any five questions from part B. PART A 6 X 5 = 30 I. Answer All The Questions 1. State the law of demand. 2. Compare breakdown maintenance with preventive maintenance. 3. Explain the straight line method of depreciation. 4. Write a short note on ABC analysis. 5. Discuss the criteria for make or buy decision. 6. Differentiates value analysis from value engineering. PART B 5 X 10 = 50 Answer any five questions. (case study is compulsory) Case study: There are three alternatives available to meet the demand of a particular product. They are as follows: a. Making the product using process A b. Making the product using process B c. Buying the product. Cost Elements Making using Process A Process B Buy Fixed Cost/Year (Rs.) 100, ,000 - Variable Cost/Unit (Rs.) Purchase price/unit (Rs.) The annual demand for the product is 10,000 units

7 7. Should the company make the product using process A or Process B or buy it? At what annual volume should the company switch from buying to making using process A? At What annual volume should the company switch from Process A to B? (COMPULSORY) 8. What is meant by break-even analysis? What purpose does it serve in business decisions? 9. Explain the different methods of depreciation with suitable example. 10. Discuss the various types of maintenance followed in a manufacturing unit. 11. Discuss critically the quantitative and qualitative methods of demand forecasting. 12. Explain the procedure of value engineering. 13. Explain the decision making process

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