Operations Management NMIMS Assignment Solution April 2022

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Operations Management NMIMS Assignment Solution April 2022

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Operations Management NMIMS Assignment Solution April 2022

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Description

NMIMS Global Access
School for Continuing Education (NGA-SCE)
Course: Operations Management
Internal Assignment Applicable for April 2022 Examination
Assignment Marks: 30

Instructions:
 All Questions carry equal marks.
 All Questions are compulsory
 All answers to be explained in not more than 1000 words for question 1 and 2 and for question
3 in not more than 500 words for each subsection. Use relevant examples, illustrations as far
as possible.
 All answers to be written individually. Discussion and group work is not advisable.
 Students are free to refer to any books/reference material/website/internet for attempting
their assignments, but are not allowed to copy the matter as it is from the source of reference.
 Students should write the assignment in their own words. Copying of assignments from other
students is not allowed.
 Students should follow the following parameter for answering the assignment questions.

1. Discuss the various inventory management/control techniques prevalent in the industry.
Discuss how some of these techniques would be applicable to a retail store in the FMCG
sector for effective management of their inventories; i.e soaps, household supplies, etc. (you
can assume inventories of your choice to explain). (10 Marks)
2. List and explain in brief the various types of plant layout concepts in operations
management, highlighting the objective, considerations of a good layout design. Give
examples on where each of these types can be employed respectively. Briefly explain a
layout for a Banking branch operations (mention the type of layout applicable).
(10 Marks)
3. Assume you are a part of the Operations team in an automobile manufacturing setup. You
are also working in coordination with other departments. Discuss the following aspects of
the operations of your organisation
a. Define Quality & list and discuss in brief the various dimensions of quality in operations
(5 Marks)
b. Discuss the concept of EOQ in brief. Using the data below, find EOQ, and the reorder point.
Annual Demand: 15,000 units; Weeks Operating: 50 weeks/year; Ordering Costs: Rs.
60/order & Holding Costs: Rs. 7/unit/year; Lead-Time: 5 weeks & Safety Stock: 250 units
(5 Marks)
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Additional information

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