INSTITUTE OF SOUTHERN PUNJAB MULTAN

Degree Awarding Chartered Institution

06-07-2021

Industrial Management
4th Semester BS EngineeringTechnology(Mechanical)

Note; Attempt all questions. Total Marks 65

Q.No.1 What is operation management(OPMA)? Elaborate your answer with examples and
schematic of operation management.
13

Q.No.2 Explain life cycle of a product. Is it important to launch more than one product to
maintain more stable aggregate output. How profit and loss varies in different stages of
product life 13

Q.No.3. Describe different stages between the initial idea for a new product and its development
into a commercial success. 13

Q. No.4 What are the key elements of JUST-IN-TIME System. Explain with the help of
diagram stock levels with conventional system, MRP System and JIT system
13

Q.No.5 Discuss factors responsible for the cost of Quality Assurance. Explain when to start the
quality control with the diagram showing product development to the Customer use.
13