NMIMS BBA – B.Com Operations and Supply Chain Management Solved Answer Assignment

Operations and Supply Chain Management

NMIMS BBA – B.Com Operations and Supply Chain Management Solved Answer Assignment

1. Analyze the requirement of competing on the following parameters in order to be operational robust in the Industry:

2. Quality

3. Cost

1. Flexibility

2. Speed

3. Service (10 Marks)

Ans:

Introduction:

In today’s cutthroat business climate, businesses have to compete on various fronts to continue to be successful in their respective fields and maintain their operational capacity. To succeed, a company must be able to satisfy its clientele’s ever-evolving requirements and anticipations of its clientele while also remaining current with the latest technological developments and consumer preferences.

Concepts and Applications:

1. Quality:

Quality is an important metric that businesses need to concentrate on if they want to maintain their position as market leaders and keep their operations strong in their sector. A product or service’s ability to satisfy the customer’s requirements and expectations is one of the essential factors in determining its quality. Creating a loyal customer base is vital for a company’s long-term success, and businesses that provide high-quality goods or services can do so. Implementing quality control measures, using the most recent technologies, and adhering to industry best practices are all effective ways to accomplish quality. A business that offers superior goods or services can command a higher price, which boosts the company’s overall profitability.

Conclusion:

In conclusion, businesses need to compete on various parameters, including quality, cost, flexibility, speed, and service, to continue to be operational and robust in their industry. Each parameter has its own set of applications and necessitates a unique strategy to be successfully implemented.

NMIMS BBA – B.Com Operations and Supply Chain Management Solved Answer Assignment

2. Real Fruit Snack Strips are made from a mixture of dried fruit, food coloring, preservatives and glucose. The mixture is pressed out into a thin sheet, imprinted with various shapes, rolled and packaged. The precedence and time requirements for each step in the assembly process are given below. To meet demand, Real Fruit needs to produce 6000 fruits strips every 40-hour week. Design an assembly line with the fewest number of workstations that will achieve the production quota without violating precedence constraints.

Ans:

Introduction:

Producing businesses have as their primary objective the development of effective production procedures that can fulfill customer orders at the lowest possible cost. Planning an assembly line is one of the essential tools for running an effective manufacturing operation.

Concepts and Applications:

The design of an assembly line should strive to accomplish an effective and economical production method. The assembly line design separates the manufacturing process into smaller, more manageable tasks assigned to individual workstations. The following procedures are included in the construction of assembly lines:

1. The production process should be broken down into more minor, distinct duties.
2. Tasks are assigned to their respective workstations.
3. Divide up the task between the various workstations.
4. The assembly line architecture was optimized to work more efficiently.

Conclusion:

As a result, to satisfy the demand for production, we need to accelerate the output rate at Workstation 1.

NMIMS BBA – B.Com Operations and Supply Chain Management Solved Answer Assignment

3. (a) How can radio frequency identification (RFID) be used for tracking perishable goods moving from one location to another? (5 Marks)

Ans:

Introduction: 

Radiofrequency identification (RFID) is a technology that has been used for some years to monitor and identify products, animals, and people. RFID stands for “radio frequency identification.” Radio waves are used in RFID technology to transmit data between a reader and an electronic tag affixed to an item.

Concepts and Applications:

Goods considered perishable have a short shelf life and a high risk of becoming spoiled or otherwise degraded if they are not transported or housed correctly. Fresh vegetables, meat, dairy products, and pharmaceuticals are all types of products that fall into the perishable category. The transportation of perishable goods from one location to another is a complicated process that requires careful management of the temperature, humidity, and other environmental variables to maintain the high quality and safety of the products throughout the journey.

Conclusion:

In conclusion, using RFID technology enables tracking perishable products as they are transported from one location to another. RFID tags can be affixed to either the products themselves or the packaging they come in. RFID readers can be set up in various settings to gather information regarding the goods’ position, condition, and movement.

NMIMS BBA – B.Com Operations and Supply Chain Management Solved Answer Assignment

(b) Why is Amazon known as the Supply Chain master? (5 Marks)

Ans:

Introduction:

Amazon is known for being an expert in supply chain management, contributing to its reputation as one of the most successful and dominant players in the e-commerce business. The speed, effectiveness, and dependability with which the company has consistently delivered products to its customers have been consistent.

Concepts and Applications:

Technology-Driven Approach:

Automation and cutting-edge technology are the driving forces behind Amazon’s supply chain management system. The business has made significant investments in creating bespoke software and algorithms that assist it in improving the efficiency of its operations. For instance, Amazon’s “anticipatory shipping” technology uses customer data to make predictions regarding the products customers will most likely purchase. Even before the customer places an order, it distributes the products to warehouses that are geographically nearby to their location.

Conclusion:

In conclusion, Amazon’s dominance in the supply chain industry can be attributed to the company’s emphasis on data-driven operations, customer-focused strategies, technology-driven approaches, and vertical integration. Amazon has established itself as the undisputed leader in the e-commerce sector by developing an unparalleled supply chain in terms of its level of productivity and dependability.