PRODUCTION PLANNING AND CONTROL Assignment A Marks 10 Answer all questions. 1. a) Explain the forecasting process? What are the techniques for monitoring forecasts? b) Explain various forecasting models. a) A planning tool that helps management in its attempts to cope with the uncertainty of the future, relying mainly on data from the past and present and analysis of trends. Forecasting starts with certain assumptions based
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PRODUCTION AND OPERATIONS MANAGEMENT Contents 1 Introduction 2 2 New Products and Product Design 2 2.1 Factors to Consider in Product Design 3 2.1.1 Design for Manufacture 3 2.1.2 Product Life Cycle 3 3 Process Selection 4 3.1 Process Decisions 4 3.2 Factors to Consider in Process Design 5 3.2.1 Choice of Technology 5 3.2.2 Process Planning 5 4 Capacity Planning 5 4.1 Process of Capacity Planning 6 4.2 Importance of Capacity Planning for New Products 7 5 Quality Control 7
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manufacturing operations. What is JIT just in time-that incorporates generic elements of lean system by cutting unnecessary capacity or inventory and removing non value added activities in operations. Eliminates waste or muda. 8 types of wastes : 1 over production, 2) in appropriate processing,3) waiting, 8) transportation( Excessive handling during transportation), 4) motion, 5) Inventory , 6) defects and 7) underutilization of employees. JIT system organizes the resources, information flow
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and Secondary. B. Level; e.g. Strategic, Tactical and Operational. C. Time; e.g. Historical, Present and Future. D. Frequency; e.g. Daily, Monthly and Continuous (Real-time) E. Form; e.g. Written, Visual and Oral. DATA AND INFORMATION DEFINED 1. DATA : a. Raw facts b. Unprocessed facts c. Unorganised facts Definition: Data; Are recorded bits and pieces of facts related to a given transaction Working Definition; Data; Are bits and pieces of facts about a given business transaction
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page. 1. Aggregate Production Planning (APP) involves all of the following except _________. a. hiring and laying off workers b. subcontracting work out c. building up inventories d. explosion of end-item requirements 2. Which of the following is not an input to the aggregate planning system? a. demand forecasts b. capacity constraints c. strategic objectives d. company policies e. master production schedule 3. Capacity planning is… a. long range planning b. short
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not have a high level of ethical standard. Ethics play a large part in the financial management of a company. Elements of Financial Management The first element of financial management is planning. Planning consists of upper level management setting forth what needs to be done for a facility to come out in the ‘green’ and break even or have a profit. This plan should also have details on how to do it on top of the objectives. Planning is needed so that a company knows what it wants and the route
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Vikas Kumar 1, Sweta Pandey 2 Computer Science and Application, Thapar University, Patiala, India 1 Information Technology, Banasthali University, Jaipur, India 2 Abstract: In this paper; a new Function Point Analysis model has been proposed. In this proposed model, a new general system characteristic is added. The expert user programming also affects the size of software. By including it in the list of general system characteristics, it creates a provision for taking end user facilities into account
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cooperation with Swisslog to build its own warehouse system and logistics system to ensure distribution system in normal running. Forecasting is important for CCA to review the past and planning the strategy in inventory for the future by using technology and collaborative planning. Table of Contents Table of Contents - 2 - 1. Background - 3 - 2. Supply Chain Structure - 4 - 3. Quality Management - 6 - 3.1 ISO 9001, ISO 14001, ISO 22000 and OHSAS 18001 Accredited - 6 - 3.2 KORE System - 8
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Exercise 4: Sessions Six and Seven Part 1: CTR – Purchasing and Supply Worksheet This worksheet is adapted from Nichols et al. (1995) Complete Part 1 in Session 6 This worksheet requires the candidate to discuss cycle time from the perspective of the customer who is ordering from a supplier. Supplier: Fastenal Canada Product: Industrial and safety supplies 1. Describe the cycle, from placement of an order to the receipt of the “goods”.
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looking to halt its ever slowing profit margins by building a brand new assisted living facility or ALF on its campus. It has been struggling in recent years with declining facility enrollment and is looking to adapt its business practices to compensate for this loss. In this paper, I will discuss the viability of this proposal. I will define the project deliverables, constants and assumptions. Perform a Level 1 WBS and speak to Dr. Splient’s abilities as a viable project manager. Analysis The
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