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Pom Answer

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Published by ttwahirwa

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Published by: ttwahirwa on Sep 17, 2009
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04/10/2011

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INTERNATIONAL SCHOOL OF BUSINESS AND TECHNOLOGY
COURSE WORK 
PRODUCTION AND OPERATIONS MANAGEMENTSUBJECT CODE: MB0028NAME : TWAHIRWA TADEO
ROLL NO : 540811570
COURSE : MBASEMESTER: 2
SIKKIM MANIPAL UNIVERSITY (INDIA)
UGANDA LEARNING CENTER 
 
QN. 1. EXPLAIN WHAT IS MEANT BY CAPITAL PRODUCTIVITY?ANS:Capital productivity involves a set of measures employed to ensure that all resources, like plant, machinery, buildings as well as working capital are efficiently and effectivelyutilized.Due to uncertainties like demand fluctuations, and other uncertainties in the production process, strategies are laid to ensure that the funds allotted towards capital yield expectedreturns.In order to achieve this, a set of measures are employed and they include the following:Outsourcing strategies are one of such strategies. These are adapted when some capacityrequirements need to be hired so that capital and man power requirements can be reducedin order to reduce the cost of the products and services to the customer.Methods improvement is yet another measure used to ensure capital productivity.This usually begins with methods analysis - which involves a process of finding out howa job is done, breaking it down to elemental tasks so that they are amenable for analysis.This is done for both running and new jobs. The analysis involves information gathering based on observation by the analyst, and all stake holders are consulted in the process.Here the analyst suggests measures of improvement which are closely monitored andrecords compared with past records to ascertain their validity of the new set of measures.The other important aspect is balancing of work stations. This is important because a product goes through a series of stages before being completed.As a result various work stations are established which man different activities of the process. Therefore, capacities need to be adjusted to effectively man these stations. These
 
need to be well balanced so as to ensure that time spent at each station is equitablydistributed to ensure timely productivity of the employed resources.Rationalizing of packaging methods also need to be given adequate consideration toimprove capital productivity.The current production environment is characterized by various logistical problems.It is there fore pertinent that more economical packaging strategies are adopted especiallythose that encourage re use of these packaging materials. So when procuring or outsourcing this particular activity, the focus should be on those packaging services thatminimize space, they should be able ensure safe transit and also help in proper monitoring- both for quantities and operations.Quality circles are the other measures established to ensure capital productivity.This idea was developed by Kaoru Ishikawa, the originator of fishbone diagrams thathelp identify the root cause of any problem. Here the causes of the existence of a problemare classified as pertaining to the material, processes or method or any factor that goesinto production.The matter is further pursued till the exact cause is determined. Such information is used by quality circles to ensure quality solutions to the problem. Since these activities aredone without altering work schedules, little time is spent and teamwork enhanced whichresult in continuous improvement in the methods of production and quality. Thisminimizes capital spent and therefore, productivity is enhanced.It is therefore, important for any production manager to clearly establish the abovemeasures if capital productivity is to be enhanced. There is no such measure that canwork in isolation. Therefore, a clear integration of all the above measures in the production process will leave no chance of failure in production.

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