working of planning_and_control

Jun 28th, 2015
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Acadia University
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Inventory Management Inventory management is a core operations management activity. Good inventory management is important for the successful operation of most businesses and their supply chains. Operations, marketing and finance have interests in good inventory management. Poor inventory management hampers operations, diminishes customer satisfaction, and increases operating costs.

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SET- 1Code No: 2420305IV B. Tech II Semester Regular Examinations, April/May 2009PRODUCTION PLANNING & CONTROL( Mechanical Engineering )Time: 3 HoursMax. Marks 80Answer any FIVE questionsAll questions carry equal marks********1. (a) Discuss the objectives of Production Planning and Control.(b) What do you understand by Control phase? Explain the activities under thisphase.2.(a) What are the different demand patterns on which the sales forecasting isbased? Explain.mco(b) Describe the Delphi method of sales forecasting.3..ld(a) List and explain the different costs of inventory system.(b) The annual demand for an item is 36,000 units. The carrying cost is Rs.0.50roper unit per year. Ordering cost is Rs.25 per order, and the shortage cost is RS.15per unitwtuper year. Find the optimal values of:EOQ, Maximum shortage quantity, Cycle time.nj.w4. (a) Briefly explain the purpose and concept of Line of Balance.(b) What does the bill of materials structure mean? Explain by an example.5. (a) Define the functions of Routing. Explain the concept of Route sheet.ww(b) Describe the different types of scheduling.6. (a) Distinguish between single machine scheduling and flow shop scheduling.(b) Use graphical method to minimize the time needed to process the followingjobs on the machines shown (for each machine, find the job which is to bescheduled first).Also calculate the total elapsed time to complete the jobs.Job 1Job 2Seq

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