Operations Management Sep 2021 NMIMS Solved Assignment

Operations Management 1. List and explain in brief the various types of plant layout concepts in operations management, highlighting the objective, considerations of a good layout design. Give examples on where each of these types can be employed respectively. 2. Discuss the various inventory control/classification techniques prevalent in the industry mentioning the basis of each classification. Discuss any three of these techniques as applicable to an organization in the Retail sector like Big Bazaar or Dmart for effective management of their inventories (you can assume inventories of your choice to explain. 3. NM Ltd a leading corporate in India in FMCG has decided to diversify into Foods & Beverages and get in the manufacturing of a flavored soft drink and a health drink. The company would like to have a major presence with a pan India distribution network. a. Assuming that the business idea would have a very encouraging response, suggest a suitable plant location to set up the beverage manufacturing. Give reasons for the same. b. Defining the concept of aggregate plan for operational capacity management, which strategy (Level or Chase) do you think would be best applicable for the company?