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Operations Management (UV)
Operations Management (UV)
Operations Management (UV)
The layout of a plant refers to how industrial buildings are organised. Throughout the conversion
process, it is the arrangement of work areas, departments, and equipment. The plant planning
process is a method of maximising the use of industrial facilities by arranging material,
equipment, and personnel, as well as storage and other support services, in the most efficient and
cost-effective manner possible within the available floor space. It's a thorough plan for
overseeing all of the factory's operations.
The primary goal of layout design is to maximise profits by carefully organising all plant
facilities to increase overall efficiency. The main goals of layout are to simplify material
transportation within the facility, make manufacturing processes simpler, provide a high level of
turnover for in-process inventory, and decrease material handling and other costs.
2.Process or Functional Layout: The process layout is beneficial when just a small quantity of
product is needed. This layout is often used in non-repetitive tasks. Machinery and equipment are
often set up on a single line inside an industrial facility, depending on the sequence of activities
necessary for the item. Various sources, such as semi-finished and raw materials, must be
transferred between workstations in a certain order that cannot be changed. In the process
configuration, machines are arranged in a certain order. Raw materials are put into the first
machine, and finished items may move across machines to align with the next in the sequence.
One machine's output may be utilised as an input for the following machine. In a paper mill, for
example, bamboos are utilised in one section of the machine while the final product, paper, is
manufactured in the other.
3.Fixed Position Layout: This design retains the product in one location while relocating
important resources such as machinery, equipment, people, and materials to the product's
operational site. Because the product is larger or has a massive body, this means that the main
piece or component of the product is fixed in place. Furthermore, transportation or relocation
costs for shifting resources will be less expensive than transportation costs for carrying a
product. As a consequence, rather than transferring the item, it is more practical to transport the
necessary tools, employees' equipment, supplies, and other things to the assembly site. For
example, a fixed-position layout is used to design a broad range of products, including
aeroplanes, big ships, and construction projects. This approach may be seen in a variety of on-
site services, including gardening, housecleaning, pest treatment, and more.
CONCLUSION:
The design of a facility is significant, with the importance varying depending on the industry.
Each of the plant designs previously discussed has its own set of benefits and drawbacks. The
right layout is crucial and provides the greatest solution for the majority of businesses or
retailers. The design and size of a manufacturing facility are influenced by the kind of business,
the firm's potential, the quantity of things produced, and the amount of money involved. It's
crucial to note that effective facility layout is important since it may help reduce the costs of
increasing the space and knowing how resources are handled, which leads to mass production of
products and services.
ANS:2) INTRODUCTION
Inventory management is the process of collecting, keeping, and selling inventory, which
includes both raw materials and completed items. The process of having the proper inventory in
the appropriate amounts, in the right location, at the right time, and at the right price and cost is
referred to as "inventory management" in business. Controlling the flow of raw materials and
finished goods from one company to another is one of the most important aspects of an
organization's operation. Inventory management improves efficiency by minimising pilferage,
obsolescence, storage, and spoilage costs while also increasing inventory accessibility. If
inventory isn't kept up to date, a company might go out of business. Long-term success requires
inventory management. Once your inventory is organised and maintained, the rest of your supply
chain management will be in order. You risk committing a number of blunders if your system
lacks it, including wrong shipments, out of stock, overstocks, and mis-choices, among others.
RIGHT ON TIME
Using the just-in-time method for inventory management may be risky, especially if done
incorrectly. However, if done effectively, it may benefit and reduce carrying costs greatly. The
phrase "just in time" refers to the instant when a consumer puts an order and the items are
delivered. It might be dangerous since it is dependent on unpredictable customer behaviour.
Remember that in order for this strategy to work, you'll need to spend a significant amount of
time analysing your customers' buying habits, as well as seasonal trends and regional factors.
Consignment
This approach allows a consignor, often a wholesaler, to send products to a consignee, typically a
retailer, without the consignee having to pay for the items up front. When the objects are sold,
the consignor retains ownership of them, and the consignee's obligation for them ceases. It also
poses significant risks. Before making a purchase, customers may put the company to the test.
Establishments in these categories are likely to have a high rate of demand improbability.
Cross-docking
This method eliminates the need to have inventories on hand. As a consequence, inventory
leasing is completely free. The item is added to the consumer's shopping cart in the same way as
it is added to the manufacturer's. Orders are often placed via retailers when drop shipping is used.
The products are brought to a warehouse, where they are cleaned and ready to dispatch right
away. They're often loaded into additional vehicles and delivered to the same business right
away.
Consider the case of a general shop, or a business that sells groceries. These are foods that are
constantly in high demand. To minimise rotting, it is critical to keep commodities appropriately.
If the store's inventory exceeds the required amount, food will deteriorate. If a firm understands
the category of the item purchased and the market demand for it, the ABC technique might be
quite beneficial. Forecasting demand may be important when using this method. Consignment is
an alternative worth exploring if a shop wishes to save money on inventory. Manufacturers are
able to deliver their products to customers on time. Furthermore, supermarkets often handle large
transactions, and bulk shipping is a fantastic way to get similar results. This might help to keep
shipping costs under control.
CONCLUSION:
Inventory management software is designed to assist you understand what your inventory levels
are at any one time and how much you'll need to keep them under control. To enhance efficiency
and accuracy along specific routes, certain organisations may opt to scan items using a barcode
scanner. This kind of inventory management may be a huge undertaking for small businesses.
The strategies might be beneficial to any company. This strategy is quite effective for managing
a big number of websites while staying away from low-share conditions. These strategies may
also help a corporation provide better service to its customers while boosting revenue.
ANS:3A) INTRODUCTION
Restaurants with a broad menu are mainly aimed at attracting locals. This strategy is also
impacted by the history of the restaurant, as well as the age and earnings of the cafe's patrons.
When making meal orders, customers must also consider their preferences and choices.
CONCLUSION
The restaurant may draw a significant number of guests if it is situated in a high-traffic area. The
site should be clearly identified and seem to be in a welcoming atmosphere. As a consequence,
the firm will get more customers. Gourmet cuisine connoisseurs are the restaurant's main target
market. The caterers are no longer concerned about competition since they are certain that they
are not competing. Parking lots may be quite profitable since people seeking for a parking spot
may find it easier to visit the company more often. Clients should also be able to get to the
location without being hampered.
ANS:3B) INTRODUCTION
Aggregate operations planning is the process of designing, analysing, and managing an estimated
scope of activities. The majority of the time, sales goals, inventory levels, and production figures
are reported. After the company's requirements and current capabilities have been assessed, an
overall strategy is produced. It's a crucial organisational practise since it seeks to strike a balance
between long-term strategic planning and short-term production outcomes. When a firm decides
to run its operations with a positive mindset, it is more likely to accomplish its objectives.
CONCEPT AND ANALYSIS
Aggregate planning strategies are divided into three categories. The following are the details:
pursuing a strategy
It's also known as "just-in-time" production, and it tries to reduce waste by only acquiring items
when they're required. It makes the most of available resources and is laser-focused on
meticulously producing to meet expected demand. This strategy is best suited to situations in
which increasing production rate does not need a significant financial expenditure.
For an aggregate Operation Plan of resources with a one-year projected timeframe, the hybrid
plan is the best solution. This is because analysing the restaurant's demand during the first year
may be quite difficult due to the fact that it might be rather unexpected. Even if forecasts are
created, it is possible that they will be erroneous. Finally, the restaurant must cater to the wants
and needs of its patrons. The customer service department is powered by standard electricity.
You may be able to save money by using them for a short time. They may be hired on a
permanent basis in the future, depending on the company's development and the abilities of its
employees.
Furthermore, a small number of companies may be enough to create an impact until they reach
their target market. This is common when a company is having financial difficulties or is unable
to stabilise, since some losses may be avoided by not keeping food for long periods of time. As a
consequence, the cost of launching a new company will be reduced. Customers will also get the
things they are looking for. It would also ensure consumer satisfaction. This would be an
excellent strategy for pleasing both customers and staff.
CONCLUSION:
Aggregate planning is essential for achieving the company's long-term goals and eliminating
waste. It helps the organisation achieve a balance between its financial, operational, and overall
strategic objectives. As a management tool, it is used to forecast demand and capacity. For
example, advanced planning and scheduling (APS) software may aid in the process of quickly
aggregating planning.