OPERATIONS MANAGEMENT
Posted: Sun Mar 06, 2022 1:34 am
QUESTION ONE
Toyota is a manufacturing company with plants in Japan and Overseas where many goods and services keep on producing varying goods and services. These plants ensure that great attention is paid to quality by preventing the release of any defective parts, cost reduction to manufacture products inexpensively as possible and ensuring safety by that no accidents occur in such work places. Toyota’s plants respond to changing market conditions such as low birth rates, aging population and maturity of the market in Japan as well the globalisation of the industry. Analyse how Toyota has applied the use of Operations Management in the manufacture of automobiles. Justify factors which have supported the dominance of Toyota in the manufacture of automobiles in the last 100 years. Explain why services have become popular in the manufacturing and why Toyota would benefit greatly in the use of services.
[40 Marks]
QUESTION TWO
Inventory Management is a crucial element in a firm which has to be managed in an effective and efficient manner. Many companies use inventory for many purposes in their varying activities which are relevant to survive in competitive business environments.
Explain the importance of knowing dependent and independent demand models to companies. In what ways are discrete stocking levels suitable to a company and why should this be done by companies? Justify citing examples. [20 Marks]
QUESTION THREE
TJ is a meat producing company in country V. The firm has been in the industry in the last 10 years during which time they have learnt several lessons about trading locally and in foreign markets.
Sales in K”000”
Spring Summer Autumn Winter
2019 500 600 750 480
2020 580 800 720 650
2021 550 650 790 810
You are required to predict TJ’s sales for year 2022 season?
[40 Marks]
Toyota is a manufacturing company with plants in Japan and Overseas where many goods and services keep on producing varying goods and services. These plants ensure that great attention is paid to quality by preventing the release of any defective parts, cost reduction to manufacture products inexpensively as possible and ensuring safety by that no accidents occur in such work places. Toyota’s plants respond to changing market conditions such as low birth rates, aging population and maturity of the market in Japan as well the globalisation of the industry. Analyse how Toyota has applied the use of Operations Management in the manufacture of automobiles. Justify factors which have supported the dominance of Toyota in the manufacture of automobiles in the last 100 years. Explain why services have become popular in the manufacturing and why Toyota would benefit greatly in the use of services.
[40 Marks]
QUESTION TWO
Inventory Management is a crucial element in a firm which has to be managed in an effective and efficient manner. Many companies use inventory for many purposes in their varying activities which are relevant to survive in competitive business environments.
Explain the importance of knowing dependent and independent demand models to companies. In what ways are discrete stocking levels suitable to a company and why should this be done by companies? Justify citing examples. [20 Marks]
QUESTION THREE
TJ is a meat producing company in country V. The firm has been in the industry in the last 10 years during which time they have learnt several lessons about trading locally and in foreign markets.
Sales in K”000”
Spring Summer Autumn Winter
2019 500 600 750 480
2020 580 800 720 650
2021 550 650 790 810
You are required to predict TJ’s sales for year 2022 season?
[40 Marks]