07-20-2011, 05:31 AM
Types of inventories
Importance of Supply Chain Management
Supply Chain: The sequence of organization’s facilities, functions, and activities that are
involved in producing and delivering a product or service.
Need for Supply Chain Management
1. Improve operations
2. Increasing levels of outsourcing
3. Increasing transportation costs
4. Competitive pressures
5. Increasing globalization
6. Increasing importance of e-commerce
7. Complexity of supply chains
8. Manage inventories
Benefits of Supply Chain Management
1. Lower inventories
2. Higher productivity
3. Greater agility
4. Shorter lead times
5. Higher profits
6. Greater customer loyalty
Project Management
Responsibilities of operation manager 3 marks
Operation manager is the person who is responsible for the complete operation in the
company and accountable for the performance. Operation manager should have complete
control over the operation he performs and he is accountable and must report mostly to
the president of the company.
Responsibilities of Operation Manager
Each operation manager has got a performance goal, his responsibility to do end to end
planning and objective is to achieve performance goal and to develop productivity and
improve quality standards for the company.
1. Should have skills to train the associates, staffs and make sure they are executing
the plan properly.
2. Make sure to deliver higher quality standards by planning and execution.
3. Responsibility of an operation manager to analyze sales and plan the deliverables
according to it
4. He/she must travel frequently and meet clients.
5. Reporting must be done on a frequent basis.
6. Responsibility to have higher level of communication and ensure the team is
performing level in the operation.
7. Skills required
8. Just an bachelor’s degree is enough for this job. To work in a big company at least
he/she must need 3 years or above experience. Good analytical and problem
solving skills are very necessary for this job. Excellent leadership skills are
required for this job. Ability to work under deadlines is a must for this job.
Reorder determinist 3 marks
When to Reorder with EOQ Ordering
Reorder Point - When the quantity on hand of an item drops to this amount, the item is
reordered.
Safety Stock - Stock that is held in excess of expected demand due to variable demand
rate and/or lead time.
Service Level - Probability that demand will not exceed supply during lead time.
Waiting lines, FCFS and EDD with examples 5 marks
Waiting Line (Queuing) Models have been used extensively in service operations
scheduling because:
--demand patterns are irregular or random
--service times vary among customers
--managers try to strike a balance between efficiently utilizing resources and keeping
customer satisfaction high.
First-come, first-served (FCFS) rule: The customer who arrives first and is at the head of
the line has the highest priority. Other possible rules are shortest processing time (SPT)
and earliest due date (EDD): Jobs are processed according to due date, earliest due date
first.
FCFS is perceived as being fair by all parties, a preemptive discipline is also perceived as
reasonable if the priority nature of the later arrival is understood by all parties. Earliest
due-date rule minimizes the number of late customers.
Application of lean manufacturing 3 marks
Applications of Lean Manufacturing
1. Lean Healthcare Systems
2. Lean Software Manufacturing
3. Systems Engineering
4. Lean Systems in Defense Industry
Important of layouts decision:
Operations Managers are often questioned about the importance of a new or existing
facilities layout. In addition to the fact that operations manager work for improvement
towards design and effect use of operation systems, they should also know the
importance of layout decision in terms of money. Some of these are:-
1. Layout decisions require substantial investments of money and effort.
2. Layout decisions involve long-term commitments.
3. Layout decisions have significant impact on cost and efficiency of short-term
Importance of Supply Chain Management
Supply Chain: The sequence of organization’s facilities, functions, and activities that are
involved in producing and delivering a product or service.
Need for Supply Chain Management
1. Improve operations
2. Increasing levels of outsourcing
3. Increasing transportation costs
4. Competitive pressures
5. Increasing globalization
6. Increasing importance of e-commerce
7. Complexity of supply chains
8. Manage inventories
Benefits of Supply Chain Management
1. Lower inventories
2. Higher productivity
3. Greater agility
4. Shorter lead times
5. Higher profits
6. Greater customer loyalty
Project Management
Responsibilities of operation manager 3 marks
Operation manager is the person who is responsible for the complete operation in the
company and accountable for the performance. Operation manager should have complete
control over the operation he performs and he is accountable and must report mostly to
the president of the company.
Responsibilities of Operation Manager
Each operation manager has got a performance goal, his responsibility to do end to end
planning and objective is to achieve performance goal and to develop productivity and
improve quality standards for the company.
1. Should have skills to train the associates, staffs and make sure they are executing
the plan properly.
2. Make sure to deliver higher quality standards by planning and execution.
3. Responsibility of an operation manager to analyze sales and plan the deliverables
according to it
4. He/she must travel frequently and meet clients.
5. Reporting must be done on a frequent basis.
6. Responsibility to have higher level of communication and ensure the team is
performing level in the operation.
7. Skills required
8. Just an bachelor’s degree is enough for this job. To work in a big company at least
he/she must need 3 years or above experience. Good analytical and problem
solving skills are very necessary for this job. Excellent leadership skills are
required for this job. Ability to work under deadlines is a must for this job.
Reorder determinist 3 marks
When to Reorder with EOQ Ordering
Reorder Point - When the quantity on hand of an item drops to this amount, the item is
reordered.
Safety Stock - Stock that is held in excess of expected demand due to variable demand
rate and/or lead time.
Service Level - Probability that demand will not exceed supply during lead time.
Waiting lines, FCFS and EDD with examples 5 marks
Waiting Line (Queuing) Models have been used extensively in service operations
scheduling because:
--demand patterns are irregular or random
--service times vary among customers
--managers try to strike a balance between efficiently utilizing resources and keeping
customer satisfaction high.
First-come, first-served (FCFS) rule: The customer who arrives first and is at the head of
the line has the highest priority. Other possible rules are shortest processing time (SPT)
and earliest due date (EDD): Jobs are processed according to due date, earliest due date
first.
FCFS is perceived as being fair by all parties, a preemptive discipline is also perceived as
reasonable if the priority nature of the later arrival is understood by all parties. Earliest
due-date rule minimizes the number of late customers.
Application of lean manufacturing 3 marks
Applications of Lean Manufacturing
1. Lean Healthcare Systems
2. Lean Software Manufacturing
3. Systems Engineering
4. Lean Systems in Defense Industry
Important of layouts decision:
Operations Managers are often questioned about the importance of a new or existing
facilities layout. In addition to the fact that operations manager work for improvement
towards design and effect use of operation systems, they should also know the
importance of layout decision in terms of money. Some of these are:-
1. Layout decisions require substantial investments of money and effort.
2. Layout decisions involve long-term commitments.
3. Layout decisions have significant impact on cost and efficiency of short-term
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