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Learning Outcomes to be assessed in this assessment
- Identify and solve decision problems related to the various operations functions, like Project Management, Project Plan Gantt Chart, Break Even, and Inventory Management.
- Differentiate the different techniques and use the appropriate technique in problem solving within operations management.
1. Discuss the concept of Inventory Management, ABC classifications, advantages and disadvantages.
2. Elucidate on using Break even analysis as a mechanism of solving issues in an organization.
3. Explain the production project planning using appropriate Gantt chart analysis, (give an example from a mini based operational project).
4. Explain the complete role of Project Manager.
Verified Expert
Operation management is considered as an area of management which deals with the process of controlling and reinventing business operations for the production of goods and services.Inventory management refers to the process which is used to maintain the proper availability of stock at right time; it also includes ordering and storing of the inventory of raw materials and finished goods
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Evaluation Criteria Marks allotted 100 Introduction 10 Question 1 … Concept of Inventory Management 20 Question 2 … Break even analysis 20 Question 3 … Production planning 20 Question 4 … Complete role of Project Manager 20 Conclusion 5 References 5
• Answer within a word limit of 2000 words with 10 % more/less will be accepted. • Date of submission: 8th week of the semester, the day and time of scheduled class • Submission form: Soft copy to be submitted through Moodle at Turnitin. • Late submission shall be penalised as per the norms of MEC mentioned in the Module Information Guide. • Plagiarism policy is as per the MEC guidelines as mentioned in the Module Information Guide. • Kindly include references (Harvard style of referencing) at the end of the paper. Referencing and proper formatting carries 05 marks in total. (Minimum 8 journals – 8 references is required for this assignment)
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