SHRI RAMSWAROOP MEMORIAL UNIVERSITY PROBLEM SET - It Session :2022-23(0dd Sem.) Semester Course: BBA-LLB(H) Subject Code Branch : BBA-LLB(H) Subject Name Management Group: BBL31 Name of Faculty member : Mr.N.K.Gupta Unit a Topics Covered : Materials Management UNIT- Jil L.Explain the reasons for carrying the raw mateials, work-in-progress and finished goods inventories. 2 ordering cast nomic order quantity is the order quantity that minimizes total inventory holding costs ard ‘What do you infer from the statement? 3.Discuss the following terms: a) FSN analysis, b) VED classification and e) FIMI classification, 4."When to replenish the inventory? And how much to order for replenishment?". Explain. 5.Describe the norms you would use for controlling inventories classified by the ABC analysis. 6.1low to combine ABC and VED analysis? 7.Clearly explain with suitable examples the different costs that are involved in inventory problems. B,What is Inventory Control? Examine the objectives and advantages of inventory control. 9.What are the various assumptions of EOQ formula? 10.Market demand for springs is 20,00,000 per annum, e company purchases these springs in lots and sells them. The cost of making a purchase order is Rs.1,100. The cost of storage of springs is Rs.120 per stored piece per annum, Identify economic order quantity Supplementary Questions: 11.The following information is known about a group of items classify the material in A,B,C categories: Model No. Annual — | Unit Price (Rs) [Model No.[ Annual Unit Price | consumption (Rs) | consumption (Rs)| (Its) sol 30 10 506 2200 10 502 280 15 507 150 5 503 30 10 508 800 5 304 1100 5 509 600 | sos | 40 5 510 80 10 Text Books T 1. Adam Jr Everett E. R J — Production and Operations Management (Prentice-Hall, 2000, 5* Edition)Reference Books RI. Russell & Taylor Ill ~ Operations Management (Pearson, 4th Ei R2. ILILT: Operations Management (Palgrave, 2000) R3. McGregor D — Operations Management (MeGraw- Ra, Morton - Production and Operations Management (Vikas) RS, Gaither & Frazier - Operations Monagement(Cengage Learning, th edition) % A> (Signature of the Faculty Member with date ) (Signat ‘the see ov) (-SHRI RAMSWAROOP MEMORIAL UNIVERSITY aM Vv ROL Session 022-23(Oukl Sem.) Semester sm Course : BBALLB(D) Subject Code BMG3005LA Branch : BRALLB(D), Subject Name Operations anagement Group BL31 Name of Faculty member Mr.N.K.Gupta Unit iv ‘Topies Covered :Quality and Productivity UNIT-IV 1. Develop a fishbone diagram for the possible causes of your ear not starting. 2. Explain why strategie planning might benefit from 2 TQM program. ity management program can affect productivity. 3. Discuss how a qui 4. How does the consumer's perspective of quality differ from the produce#’s? 5, What are the different characteristics of quality? 6. Deline TOM and changing quality concepts. Explain TQM circle, 8, What is “continuous improvement” or “kaizen""? 9. Explain quality manayement system. g cost per unit of $30, and motors that are of 10, The H&S Motor Company has a direct manufaetu inferior quality can be reworked for $12. per unit, 100 motors areproduced dally, 80% (on average) are of good quality and 20% are defective. Of the defective motors, half can be reworked to yield good-quality products. Through its quality management program, the company has discovered a problem in its production process that, when corsrected (at a minimum cost), will increase the good- quality products to 90%, The company wants to assess the impact on the dircet cost per unit of improvement in product quality. Supplementary Questions: ‘The H&S Motor Company produces small motors at a processing cost of $30 per unit. Defective motors can be reworked at a cost of $12 ench, The company produces 100 motors per day and 20% defects, 50% of which can be reworked prior to averages 80% good-quality motors, resultin shipping to customers. The company wants to examine the effects of (1) increasing the production rate to 200 motors per day; (2) reducing the processing cast to $26 and the rework cost to $10; (3) increasing, through quality improvement, the product yield of good-quality products to 95%. Text Books TI. Adam Jr Everett E. R J — Production and Operations Management (Prentice-Hall, 2000, 5* Edition)Reference Baoks RI. Russell & Taylor II] ~ Operations Management (Pearson, 4th Edition) 12. Hill T- Operations Management (Palgrave, 2000) 3. McGregor D — Operations Management (MeGraw-Hill, 1960) 4, Morton - Production and Operations Management (Vikas) RS. Gaither & Frazier - Operations Management(Cengage Learning, 9th edition) nel * ee (>|2- (Signature of the Faculty Member with date ) (Signaturelof tt ean with date)