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Elective production management (part -1)

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Dear students get fully solved assignments Send your semester & Specialization name to our mail id : help.mbaassignments@gmail.com or call us at : 08263069601 National Institute of Business Management Chennai - 020 EMBA/ MBA Elective: Production Management (Part -1) Attend any 4 questions. Each question carries 25 marks (Each answer should be of minimum 2 pages / of 300 words) Q. 1.Explain the functions of production management. Answer: Production Management refers to the application of management principles to the production function in a factory. In other words, production management involves application of planning, organizing, directing and controlling the production process. Functions of Production Management: The definitions discussed above clearly shows that the concept Q. 2.What are the types of production strategies? Explain. Answer: The different types of production strategies are grouped, listed and explained under following three categories, viz., Q. 3.Explain the different stages in product life cycle and accompanying characteristics important to manufacturing process technology. Answer: Product life-cycle management (or PLM) is the succession of strategies used by business management as a product goes through its life-cycle. The conditions in which a product is sold
(advertising,saturation) changesovertime andmustbe managedasit movesthrough its succession of stages. The concept of product life cycle (PLC) concerns the life of a product in the market with respect to business/commercial costs and sales measures. The product life cycle proceeds through multiple phases, involves many professional disciplines, and requires many skills, tools and processes. PLC management makes the following three assumptions:  Products have a limited life and thus every Q. 4.Explain production forecasting process. Answer:Production forecasting process includes following process: 1. Fix the forecasting objectives: The production manager must first fix the forecasting objectives. That is, he must know exactly why he is doing production forecasting. Forecasting objectives answersthe questionlike,whyare we forecasting?Here,the answertothisquestionmaybe;we are doing forecasting to help us in marketing planning, or we are doing forecasting to help us in the plantcapacityplanning,etc.If we know exactly why we are forecasting, then we can collect proper data for that purpose. This will result in more accurate Q. 5.Describe with the use of organization structure the importance of Production Management function and its relationship with other departments in the organization. Answer: Organizational structure isthe formal andinformal policies and procedures companies use for governing business operations. Smaller and home-based businesses typically do not use organizational structures because the business owner usually is responsible for completing the majority of business functions. Larger businesses use an organizational structure to effectively manage business functions and employees. While Q. 6.Explain the different types of forecasting and give their Merits and Demerits? Answer: Forecasting is a process of predicting or estimating the future based on past and present data. Forecastingprovidesinformationaboutthe potential future eventsandtheirconsequencesfor the organisation. It may not reduce the complications and uncertainty of the future. However, it increasesthe confidence of the management to make important decisions. Forecasting is the basis of premising. Forecasting uses many statistical techniques. Therefore, it is also called as Statistical Analysis. 25 x 4=100 marks Dear students get fully solved assignments Send your semester & Specialization name to our mail id :
help.mbaassignments@gmail.com or call us at : 08263069601

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Elective production management (part -1)

  • 1. Dear students get fully solved assignments Send your semester & Specialization name to our mail id : help.mbaassignments@gmail.com or call us at : 08263069601 National Institute of Business Management Chennai - 020 EMBA/ MBA Elective: Production Management (Part -1) Attend any 4 questions. Each question carries 25 marks (Each answer should be of minimum 2 pages / of 300 words) Q. 1.Explain the functions of production management. Answer: Production Management refers to the application of management principles to the production function in a factory. In other words, production management involves application of planning, organizing, directing and controlling the production process. Functions of Production Management: The definitions discussed above clearly shows that the concept Q. 2.What are the types of production strategies? Explain. Answer: The different types of production strategies are grouped, listed and explained under following three categories, viz., Q. 3.Explain the different stages in product life cycle and accompanying characteristics important to manufacturing process technology. Answer: Product life-cycle management (or PLM) is the succession of strategies used by business management as a product goes through its life-cycle. The conditions in which a product is sold
  • 2. (advertising,saturation) changesovertime andmustbe managedasit movesthrough its succession of stages. The concept of product life cycle (PLC) concerns the life of a product in the market with respect to business/commercial costs and sales measures. The product life cycle proceeds through multiple phases, involves many professional disciplines, and requires many skills, tools and processes. PLC management makes the following three assumptions:  Products have a limited life and thus every Q. 4.Explain production forecasting process. Answer:Production forecasting process includes following process: 1. Fix the forecasting objectives: The production manager must first fix the forecasting objectives. That is, he must know exactly why he is doing production forecasting. Forecasting objectives answersthe questionlike,whyare we forecasting?Here,the answertothisquestionmaybe;we are doing forecasting to help us in marketing planning, or we are doing forecasting to help us in the plantcapacityplanning,etc.If we know exactly why we are forecasting, then we can collect proper data for that purpose. This will result in more accurate Q. 5.Describe with the use of organization structure the importance of Production Management function and its relationship with other departments in the organization. Answer: Organizational structure isthe formal andinformal policies and procedures companies use for governing business operations. Smaller and home-based businesses typically do not use organizational structures because the business owner usually is responsible for completing the majority of business functions. Larger businesses use an organizational structure to effectively manage business functions and employees. While Q. 6.Explain the different types of forecasting and give their Merits and Demerits? Answer: Forecasting is a process of predicting or estimating the future based on past and present data. Forecastingprovidesinformationaboutthe potential future eventsandtheirconsequencesfor the organisation. It may not reduce the complications and uncertainty of the future. However, it increasesthe confidence of the management to make important decisions. Forecasting is the basis of premising. Forecasting uses many statistical techniques. Therefore, it is also called as Statistical Analysis. 25 x 4=100 marks Dear students get fully solved assignments Send your semester & Specialization name to our mail id :