OPERATIONS MANAGEMENT: 1. What is the relationship between quality control and a
ID: 371401 • Letter: O
Question
OPERATIONS MANAGEMENT:
1. What is the relationship between quality control and aggregate planning?
2. Inventory management and just-in-time (JIT)/lean operations are part of the same strategy. Please explain.
3. Explain the fundamental concept of supply chain management and illustrate the critical components of the process.
4. Provide a relationship between scheduling and project management that illustrates its uniqueness.
5. There is a direct relationship between management of waiting lines and supply and demand. Explain.
1. Chps. 10/11 Quality Control and Aggregate Planning/Master Scheduling What is the relationship between Quality Control and Aggregate Planning? 2. Chps. 13/14-Inventory Management and JIT/Lean Operations Inventory Management and Just in Time(JIT)/Lean Operations are part of the same strategy. Please explain. 3. Chp. 15 Supply Chain Management Explain the fundamental concept of Supply Chain Management and illustrate the critical components of the process 4. Chps. 16/17 -Scheduling and Project Management Provide a relationship between Scheduling and Project Management that illustrates its uniqueness 5. Chp. 18 -Management of Waiting Lines There is a direct relationship between Management of Waiting Lines and Supply and Demand. Explain.Explanation / Answer
In management when goods and services flows from point of origin to the end point of consumption. In this flow have various steps which involve the storage of material and process inventory. It is affected by the speed of delivery because customer prefers fast delivery of the product. So here the suppliers have great impact over fast delivery and that can raise the cost of the product. After that the delivery path followed in supply management system is the part of the process. Sometime supplier provides the product on time but process followed to deliver the product is slow, in that case the product will not deliver on time. So we can observe that clearly that the process and supplier both have great impact on supply chain management. These both factor affect the operation cost also. Because the activity followed to deliver from point of origin to the point of consumption is part of operation. Fast delivery will include the fast delivery system for example product deliver through road transport will be of low cost in comparison to the product deliver through airways. Airways will deliver product fast in comparison to the road lines.
Inventory management is the part of the supply management where it supervises the process of product movement from the manufacturer to storage unit and from storage unit (warehouse) to end point of sale (consumption). As we know that JIT strategy helps in the reduction of the waste. So inventory will inform the JIT system regarding the product movement whenever there will be requirement. It will manage the production of the product whether the product is available in store unit or not. In case of lean system the major focus point is cost. Under lean system they work for flexibility and customer requirement. This system followed by the small industries in term of future prospective.
So both the things are dependent on the inventory management system.
As per explanation mentioned in above paragraph the inventory management method benefit the company in term of cost and waste reduction. One more thing it satisfy the customer requirement and expectations.
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