vu edu305 Mid Term Subjective Solved Past Paper No.1
vu edu305 Classroom Management Solved Past Papers
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The common disadvantages which lead to a MNC forgoing globalization includes.
- Handing over proprietary Technology to host countries.
- Political risks.
- Poor Employee (Managers and worker) skills.
- Slow customer response time.
- Effective communication between interfaces difficult.
Operations management
It is an area of management concerned with overseeing,
designing, and redesigning business operations in the production of goods and/or services It is concerned with managing the process that converts inputs (in the forms of materials, labor, and energy) into outputs (in the form of goods and/or services).
Operations research
(also referred to as decision science or management
science) is an interdisciplinary mathematical science that focuses on the
effective use of technology by organizations. In contrast, many other science & engineering disciplines focus on technology giving secondary considerations to its use.
| Alternatives Possible future demand | Low (Rs.) | High (Rs.) |
| Small facility | 10,000 | 8,000 |
| Medium facility | 12,000 | 20,000 |
| Large facility | 18,000 | 15,000 |
Mostly following are the below given multiple manufacturing facilities are used with combination in plant strategies;
- Product plant strategy
- Market area plant strategy
- Process plant strategy
Naïve forecasting makes simple assumptions about the future at its simplest, naïve forecasting assume that the future level of demand will be same as the current level.
Naive Forecasts:
- Simple to use
- Virtually no cost
- Quick and easy to prepare
- Data analysis is nonexistent
- Easily understandable
- Facilities. The design of facilities includes the size as well as the provision of expansion
- Product and service factors can have a tremendous influence on capacity. Process factors refer to the quantity and quality requirements of a process
- Human factors include skill, craftsmanship, training and qualification to handle any job it also includes the motivational factors
- Operational factors with respect to effective capacity always refer to scheduling, late deliveries, acceptability of purchased materials, parts, quality inspection, control procedures and inventory problems page#67
Following are the factors which are available to us in order to decide whether to develop a competence in house or outsource competent organization to supply that product, service or particular expertise.
Available capacity if an organization has the equipment, necessary skills and time, it often makes sense to produce an item or perform a service in house. The additional costs would be relatively small compared with those required to buy items or subcontract them.
Expertise. If a firm lacks the expertise to do a job satisfactorily, buying might be a reasonable alternative.
Quality considerations. Firms that specialize can usually offer higher quality than an organization can attain itself. Conversely, special quality requirements or the ability to closely monitor quality may cause an organization to perform a job itself.
Nature of demand. When demand for an item is high and steady, the organization is often better off doing the work itself. However, wide fluctuations in demand or small orders are usually better handled by specialists, who are able to combine orders from multiple sources, which results in higher volume and tend to offset individual buyer fluctuation.
Cost. Any cost savings achieved from buying or making must be weighed against the preceding factors. Cost savings might come from the item itself or from transportation cost savings.
Risk. Outsourcing or buying the services carries risk; often companies retain flexibility by carrying out certain critical activities in house and repetitive menial activities through outsourcing.
- Manufacturing Personnel are able to identify production capabilities and capacities
- Early consideration of the Technical Feasibility of a particular design or a portion of a design. Page#53
