Learning Outcomes to be assessed in this assessment
Identify and solve decision problems related to the various operations functions, like Project Management, Project Plan Gantt Chart, Break Even, and Inventory Management.
Differentiate the different techniques and use the appropriate technique in problem solving within operations management.
Answer all the questions using appropriate examples. All the questions carry equal marks
1. Explain the meaning of productivity, work out Single and Total Factor Productivity-TFP. Conclude if the organization sustains competitive operational advantage.
2. Explain the concept of ERP & MRP in the modern context and the importance of information technology for operation management.
3. Discuss the concept of Inventory Management, ABC classifications, advantages and disadvantages. (Selected organization will add value to the answer).
4. Draw and briefly explain project management life cycle.