NMIMS ASSIGNMENTS-Explain how the Theory of Constrains can be applied

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Operations Management

Internal Assignment Applicable for April 2019 Examination

NMIMS MBA APRIL 2019 SOLVED ASSIGNMENTS

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NMIMS MBA SOLVED APRIL 2019 ASSIGNMENTS

1. Explain how the Theory of Constrains can be applied at an automobile repairing and service center. (10 Marks)

2. Your company has compiled the following data on the small set of products that comprise the specialty repair shop. Perform an ABC inventory classification for the data. Which product(s) do you suggest the firm keep the tightest control over?

Item code

Annual demand

Unit cost (INR.)

A1

3000

20

B3

4000

45

D2

3000

35

C2

2000

30

A5

500

50

C9

680

15

D1

460

40

D3

1000

20

C3

450

500

F1

520

400

K5

5000

50

M1

680

400

N2

900

According to Tarí and Sabater (2004), firms must develop both the hard and soft parts of TQM in order to succeed. While the hard elements are related to quality tools and techniques for continuous improvement, the soft side is associated with management concepts and principles such as team work, leadership, customer focus and culture (Fotopoulos and Psomas, 2009). In their study about quality management tools and techniques, Tarí and Sabater (2004) analyzed about 30 commonly used tools and techniques such as benchmarking, brainstorming, design of experiments (DOE), failure mode and effect analysis (FMEA), flow charts, poka yoke, quality function deployment (QFD), quality improvement teams and statistical process control (SPC). Soft elements indirectly affect performance, because they create an environment that facilitates the implementation of hard elements (Rahman and Bullock, 2005).

(Source: Gerolamo et al. (2014), Quality Management: How do Brazilian Companies use it?, Procedia - Social and Behavioral Sciences 143 ( 2014 ) 995 – 1000)

3a. Using examples from manufacturing industry, explain any two management concepts and principles (soft practices) related to TQM. (5 Marks)

3b. Using examples from manufacturing industry, explain any two tools or techniques for continuous improvement (hard elements) related to TQM.

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