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Management Programme
ASSIGNMENT
SECOND SEMESTER
(JULY TO DECEMBER)
2020
MS – 56 : Materials Management
School of Management Studies
ASSIGNMENT
Course Code : MS - 56
Note: Attempt all the questions and submit this assignment to the Coordinator of your
Study Centre on or before 31st October, 2020.
Answer: Product development typically refers to all of the stages involved in bringing a product from
concept or idea through market release and beyond. In other words, product development
incorporates a product’s entire journey.
There are many steps to this process, and it’s not the same path for every organization, but these
are the most common stages through which products typically progress:
Product development is no less than to research development and design as it requires equal care
and cautions to develop product development plans and steps.
The difference between research and development and product development is that research and
development is the conception phase in the product life cycle, while product development is the
entire process of designing, creating, and marketing new products or existing products with new
features.
Question. 2. “Job design is the consciously planned structuring of work effort performed
by an individual or a team of persons”. Explain the statement.
Answer: Today jobs are designed to suit an average worker & capability distinction is more likely to
be on the basis of education & experience. Since the industrial revolution job design is approached
by using socio technical system. There are three important approaches to job design –Engineering
approach, human approach and the characteristic approach.
ENGINEERING APPROACH
1) The most important single element in the engineering approach, proposed by F W Taylor
and other, was the task idea,” the work of every workman is fully planned out by the
management at least an day in advance & each man receive in most cases complete written
instruction describing in details the task which he is to accomplish. This task specific not only
what to be done but how it is
Question. 3. What do you understand by the term “batch production”? Explain the
advantages and disadvantages of batch production.
Answer: batch production in manufacturing:
Batch production is a method of manufacturing where identical or similar items are produced
together for different sized production runs. The method allows for products to be mass-produced in
batches with small to major changes to the product, from car doors through to children’s toys.
Each batch goes through a single stage of the production process before moving onto the next stage
to make the desired product. It’s a key solution used by businesses of various sizes across multiple
industries.
Changes may occur between different batches, such as products constructed in different colours,
sizes, and styles. If a product needs to be altered, this variation can be changed as the production
process switches from one batch style to the other.
Question. 5. “Inventory management for slow moving expensive items should focus more
on lead time reduction than anything else”. Critically examine the statement.
Answer: Slow moving inventory is defined as stock keeping units (SKUs) that have not shipped in a
certain amount of time, such as 90 or 180 days, and merchandise that has a low turn rate relative to
the quantity on hand.
Slow moving inventory, or SMI, not only varies from seller to seller, but it can also vary from item to
item. Here are three specific ways that can be used to define slow moving inventory…
Overstocked Items
Stock Turns
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