World Class Operations - NMIMS University Solved assignments latest

 

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World Class Operations

September 2023 Examination

 

 

 

1. Strategies, Systems and Processes are regarded as the building blocks of World Class Operations. With reference to an example of a firm which has achieved world class operational standards in services or manufacturing, establish how these building blocks have been crucial in achieving the standards.

Ans :

Introduction:

Within the dynamic and competitive business landscape of the 21st century, accomplishing international-class operational requirements is a purpose pursued through endless groups. To perform this feat, businesses should focus on the three fundamental constructing blocks: strategies, systems, and approaches. This essay explores how those essential components have contributed to the achievement of XYZ enterprise. This leading firm has performed world-class operational requirements in its provider and production operations.

 

XYZ Corporation is a

 

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2. DOE is a systematic approach of evaluating the production processes of organizations to find out the process inputs which have significant effect on the output. With reference to this explain how Dr. Taguchi’s method is important in the execution of DOE

Ans :

Introduction:

 

Design of Experiments (DOE) is a powerful statistical tool enabling organizations to evaluate their production processes systematically, discover sizable manner inputs, and optimize the output. DOE allows for minimizing defects, lessening versions, and enhancing standard process performance, improving product excellence and consumer satisfaction. One outstanding parent who made significant contributions to the sector of DOE is Dr. Genichi Taguchi. Dr. Taguchi's technique revolutionized how experiments are designed and executed, making it a crucial factor in successfully implementing DOE.

 

This essay aims to explore the concept and alertness of Dr. Taguchi's approach in the execution of the design of Experiments, shedding mild on its significance in attaining process

 

3. a) Quality Awards are recognitions of achieving world class standards in operations. These awards are instituted by renowned International and National Bodies. State the interventions by which a manufacturing company located in India can compete for getting the award instituted by The Institute of Directors.

Ans:

Introduction:

The concept of quality Awards stems from the pursuit of excellence and world-class standards in operational practices. Renowned globally and nationally, bodies establish these prestigious accolades to recognize exceptional enterprise achievements. One such esteemed Award is instituted through The Institute of Directors, which ambitions to honor manufacturing companies demonstrating exemplary overall performance and commitment to

 

 

b) With reference to Deming Prize, narrate the process followed by any one of the recipients of your choice, in achieving the award

Ans:

Introduction:

The Deming Prize, installed in 1951 using the Union of jap Scientists and Engineers (JUSE), is one of the most prestigious awards in fine control. Named after the renowned statistician Dr. W. Edwards Deming, this prize recognizes corporations demonstrating first-rate achievements in general first-rate management (TQM) and non-stop improvement. One such exemplary recipient of the Deming Prize is XYZ Production Co., a worldwide chief in the

Warehouse Management - NMIMS University Solved assignments latest

 

 

 

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Warehouse Management

September 2023 Examination

 

 

Q1. Develop SOP (standard operating procedures) to be followed in a warehouse used as a distribution center for e-commerce with respect to following points. (10 Marks)

A. Receiving and storing materials

B. Safety of Products

C. Safety of staff

D. Consolidation and Dispatch

E. Handling returned materials

Ans:

Introduction:

A warehouse used as a distribution center for e-commerce performs a crucial position in the supply chain management manner. It is a hub wherein items are acquired, saved, consolidated, and dispatched efficiently to clients. In such a dynamic environment, it is essential to set up well-known running procedures (SOPs) to ensure clean operations, keep the safety of products and staff, and manage returned

 

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Q2. Mention the Roles/responsibilities and activities conducted by a warehouse manager in a ware house operating for a chain of quick service restaurants. (10 Marks)

Ans:

Introduction:

A warehouse manager plays a critical role in the green operation of a warehouse, especially within the context of a series of short-service restaurants. In this dynamic and fast-paced environment, the warehouse manager oversees the receipt, storage, and distribution of goods to ensure the supply chain's seamless functioning. This article will delve into the roles, duties, and sports a warehouse manager conducts in such a warehouse, highlighting their significance in supporting the smooth operation of quick-service restaurants.

Concept & application:

1. Inventory management:

One of the primary responsibilities of a warehouse supervisor is to preserve the right inventory

 

 

Q3. MyByte Company is a retail organization that sells electronics and appliances. The company has several stores in different cities and a centralized warehouse to manage its inventory. The warehouse is responsible for receiving and distributing products to the stores, as well as handling returns and managing the overall inventory.

However, the company has been facing several issues with its warehouse management system.

Find the most appropriate solution to the problems listed below.

A. Inefficient inventory management: The warehouse is often overstocked or out of stock on important items, leading to a loss of sales and customer dissatisfaction. (5 Marks)

Ans:

Efficient Inventory Management System for MyByte Company's Warehouse

Introduction:

Inventory management is critical to any retail organization's operations, and MyByte Company is no exception. Effective stock management ensures the availability of virtual objects, even minimizing the chance of overstocking, which can result in economic losses and client dissatisfaction. This article aims to identify the most suitable method to address MyByte company's inefficient inventory management device, focusing on optimizing stock levels and

 

 

B. Poor tracking and monitoring: The Company has difficulty tracking the movement of items in and out of the warehouse, which results in a lack of visibility and control over inventory. (5 Marks)

Ans:

Introduction:

Implementing an automated inventory management system is the most appropriate solution for the terrible monitoring and monitoring issues MyByte company faces. This system will leverage technology and software to streamline warehouse operations, improve visibility, and enhance the usual control over inventory.

 

Treasury Management in Banking - NMIMS University Solved assignments latest

 

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Course: Treasury Management in Banking

Internal Assignment Applicable for September 2023 Examination

 

Question. 1. XYZ a Transnational bank is operating in over 50 countries and has assets worth USD 100 Billion. Due to high growth in the emerging markets in the last two decades, the bank has been facing challenges due to high growth in volumes and increasing product complexity. The major treasury operations of the bank include Trading and settlement, cash management, back-office management back office function, trade matching, reconciliation etc. Considering the mentioned challenges and growth of the bank, suggest whether integrating treasury operations would prove beneficial for XYZ Transnational Bank or not? Highlight the benefits of integrating the treasury operations. (10 Marks)

Answer: Integrating treasury operations can indeed prove to be beneficial for XYZ Transnational Bank, especially given its global presence, high growth in emerging markets, increasing product complexity, and challenges associated with volume growth. Here are some of the benefits of integrating treasury operations for the bank:

  1. Enhanced Efficiency: Integrating treasury operations streamlines processes and eliminates redundancies across various functions such as trading and settlement, cash management, back-office management, trade matching, and reconciliation. This efficiency gain can lead to faster execution of transactions, reduced operational errors, and improved overall performance.

 

 

Question. 2. How Trade Finance, Forex, Liquidity Management and Treasury Management is a used by Banks, Corporates, Mutual Funds and Financial Institutions in India and worldwide as part of Integrated Treasury Management. Explain Integrated Treasury Management with an example. (10 Marks)

Answer: Integrated Treasury Management involves the comprehensive management of various financial functions within an organization, such as trade finance, forex (foreign exchange), liquidity management, and treasury management. These functions are interconnected and collectively managed to optimize resources, mitigate risks, and enhance overall financial performance. Here's how each of these components is used by

 

 

Question. 3. “A prudent Interest Rate management ensures bank’s profitability and overall inflation stability in an economy”

a.       Discuss the impact on Bank’s profitability and inflation when Repo increases and reduces respectively. (5 Marks)

Answer: The impact on a bank's profitability and inflation when the repo rate increases and reduces.

Repo Rate Increase:

The repo rate is the rate at which the central bank lends money to commercial banks in the short term. An increase in the repo rate typically has the following effects:

Impact on Bank's Profitability:

1.       Higher Borrowing Costs: When the central bank increases the repo rate, borrowing costs for commercial banks also increase. Banks need to pay more interest when borrowing from the central bank, which can squeeze

 

 

b.      Highlight the differences between Repo Rate and Reverse Repo Rate. (5 Marks)

Answer:  Repo Rate and Reverse Repo Rate are both key policy rates set by a country's central bank to influence the economy's monetary conditions. They play a crucial role in managing inflation, liquidity, and economic growth. Here are the differences between Repo Rate and Reverse Repo Rate:

1.       Definition and Purpose:

 

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Total Quality Management - NMIMS University Solved assignments latest

 

 

 

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Total Quality Management

September 2023 Examination

 

 

Q.1 You are approached by a quality circle group leader to help him understand the seven quality tools and how to use them in solving a process problem his team is working on. Discuss how you would help him by explain in brief each tool, their importance and use with relevant examples. (10 Marks)

Ans:

Introduction:

The seven essential quality tools are trouble-solving strategies utilized in quality management and process development. These gear offer a structured approach to studying and understanding technique issues, identifying their root causes, and developing practical solutions. They may be widely used in various

 

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Q2. Maxx Industry wants to implement Total Quality Management (TQM) in its organization. Discuss the principles of TQM and the points that Maxx needs to consider while implementing TQM. Give relevant examples. (10 Marks)

 

Ans:

Introduction:

Total quality management (TQM) is a philosophy that continuously improves the best of an employer's products, services, and techniques. It involves the lively participation of all employees. It requires a shift from focusing solely on meeting minimum quality standards to striving for excellence in the organization's operations. TQM is a holistic method that emphasizes consumer satisfaction, employee involvement, and continuous improvement.

Concept and Application:

1. Customer Focus:

One of the core principles of TQM is a strong focus on customer satisfaction. Organizations should recognize and meet or exceed customer expectancies to make sure success. Maxx

 

 

Q3. Acceptance sampling is the process of accepting or rejecting a lot based on a sample drawn from a lot after evaluating it on predefined parameters.

a) Discuss the acceptance sampling procedures and the reasons for acceptance sampling. (5 Marks)

 

Ans:

Introduction:

Acceptance sampling is a statistical quality control technique that inspects a sample from a more considerable lot to determine whether the entire lot should be accepted or rejected based totally on predefined parameters. This method is broadly used in production, production, and different industries to make decisions about the quality of products or processes. This essay will discover

 

 

b) Explain the four parameters of an OC curve with examples. (5 Marks)

Ans:

Introduction:

Acceptance sampling is an excellent control technique used to determine whether a selected lot of merchandise or materials meet the specified satisfactory requirements. It involves analyzing a pattern from the lot and finding out whether to accept or reject the complete lot based on the inspection effects. The running feature (OC) curve is an essential tool in popularity sampling,

 

Taxation Direct and Indirect - NMIMS University Solved assignments latest

 

 

 

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Taxation Direct and Indirect

September 2023 Examination

 

 

Q1. Suppose you have been hired as a tax consultant by an individual who is an Indian citizen but has been living outside India for the past few years. The individual wants to know how their residential status will affect their tax liability in India. Prepare a report that outlines the criteria for determining the residential status of an individual under Indian tax laws and explain how the tax liability is calculated based on the residential status.(10 Marks)

Ans :

Tax Liability in India Based on Residential Status: A Comprehensive Guide

Introduction:

In India, an individual's residential popularity performs multiple functions in determining their tax legal responsibility. The Profits Tax Act of 1961 provides specific criteria for figuring out residential status, that's critical for ascertaining the scope and applicability of taxation. This report objectives to outline the requirements for determining residential status under Indian tax legal guidelines and give an explanation for how tax liability is calculated primarily based on residential repute.

Concept and Application:

1.1 Definition of Residential Status:

An individual's residential reputation is

 

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Q2. Explain the concept of Input Tax Credit (ITC) under the Goods and Services Tax (GST) regime in India. Discuss the conditions for claiming ITC, and the various scenarios where ITC can or cannot be claimed. Provide examples to support your explanation. (10 Marks)

Ans :

Introduction:

Under India's goods and services Tax (GST) regime, enter Tax credit (ITC) is a crucial concept that lets businesses say credit for the taxes paid on the inputs used in producing or delivering goods and services. ITC allows to put off the cascading effect of taxes and ensures that the final consumer bears the tax burden handiest. It is a fundamental function of GST that promotes an unbroken float of credit scores throughout the supply chain, making the tax gadget more transparent and efficient.

Concept and Application:

1. Meaning of Input Tax Credit (ITC):

Input Tax credit refers to the recognition that a registered taxpayer can claim for the GST

 

Q3. A) Compute the taxable income from salaries for Mr. Rohit, a resident individual in India, for the assessment year 2022-23. Provide a detailed computation of his gross salary, exemptions, deductions, and tax liability. (5 Marks)

Given details:

- Basic salary: Rs. 5, 00,000 per annum

- Dearness Allowance: Rs. 1, 00,000 per annum

- House Rent Allowance (HRA): Rs. 2, 00,000 per annum (out of which Rs. 1, 00,000 is exempt)

- Leave Travel Allowance (LTA): Rs. 50,000 per annum (fully exempt)

- Medical Reimbursement: Rs. 20,000 per annum (fully exempt)

- Professional Tax: Rs. 2,400 per annum

- Provident Fund Contribution: Rs. 60,000 per annum

- Standard Deduction: Rs. 50,000 per annum   

Ans:

Introduction:

The computation of taxable income from salaries is a vital aspect of personal finance, particularly for individuals residing in India. Understanding how exclusive income additives are considered for taxation functions and using the applicable exemptions and deductions can help individuals efficaciously plan their finances and optimize their tax liability.

In this state of affairs, we can recognize the case of Mr. Rohit, a resident of India, and

 

Q3. B) Compute the taxable income from other sources for Mr. Aryan, a resident individual in India, for the assessment year 2022-23. Provide a detailed computation of his income from other sources, exemptions, deductions, and tax liability. (5 Marks)

Given details:

- Interest earned on savings bank account: Rs. 15,000 per annum’

  Interest earned on fixed deposit: Rs. 30,000 per annum

- Dividend received from stocks: Rs. 12,000 per annum

- Gift received from a relative: Rs. 75,000

- Interest received on loan given to a friend: Rs. 20,000 per annum

- Professional Tax paid: Rs. 2,400 per annum

- Standard Deduction: Rs. 50,000 per annum 

Ans:

Introduction:

To compute the taxable profits from other sources for Mr. Aryan, we need to consider the income he earned from various resources and apply the applicable exemptions and deductions. Let us calculate his taxable profits step by step.

Concept & Application:

1. Interest earned on savings bank account: Rs. 15,000 per annum

Interest earned on financial savings accounts is taxable beneath "profits from other sources."

Supply Chain Management - NMIMS University Solved assignments latest

 

 

 

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Supply Chain Management

September 2023 Examination

 

 

 

1. “Vidyut” is a electric bike start up which commenced operation in 2015. They cater to low power vehicle for town ride. Their focus is Max 30 Kms speed limit vehicles which give maximum mileage of 40 Kms per full charge. Price point is also matching this basic specification. With the city traffic increasing, they are seeing good volume increase for their e-bikes. There are about 6 variants in their portfolio currently in addition to old models launched in the past. The need they face is distribution of replacement batteries, maintenance parts in addition to vehicle itself. They have high business activity in Bangalore, Mangalore, Mysore etc. They have home pickup and delivery for regular service customers.

Describe any 3 types of distribution network design they can look at to cater to the sales of vehicle, batteries, spare parts and also service provision? (10 Marks)

Ans:

Introduction:

Vidyut, an electric bike startup, has been operating since 2015, specializing in low-power town-trip vehicles. With a focus on cars with a maximum speed limit of 30 km/h and a mileage of 40 km in line with the total price, Vidyut has successfully located itself within the market with affordable prices. As city traffic increases, the demand for their e-bikes has been steadily rising. However, Vidyut must establish a sturdy distribution network to effectively fulfill their customers' desires to sell vehicles, batteries, spare elements, and carrier provisions. In this text, we will discover three forms of

 

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2. “NAVRASA” ice-creams have 100+ varieties of flavors and pack sizes. They also come up with new variants of flavors, innovative pack designs and also graphics on packs. Increase in variety leads to short life cycle, out of stock and some huge stock which needs to be disposed as well. The immediate step they want to address is to ensure availability before they move on with other phases of improvement. Recommend how you would approach safety stock maintenance for NAVRASA? (10 Marks) –

Ans:

Introduction:

NAVRASA, a renowned ice cream brand, boasts diverse flavors and p.c. Sizes, providing customers with many choices. With their commitment to innovation, they regularly introduce new taste variants and specific % designs, incorporating appealing photos. Even as this approach has undoubtedly delighted customers, it has also presented challenges in inventory management. The expanded range has ended in shorter product life cycles, out-of-inventory situations, and the accumulation of extra inventory that requires disposal. To address those problems, NAVRASA acknowledges the need to ensure product availability before embarking on different phases of

 

 

 

3. “Viswakarma” is building materials manufacturers. They make Tiles, Bricks, Canopy from nature friendly, light weight, re-usable, durable materials. They have high variety of finished products from limited number of raw materials.

a. Describe aggregate planning and role of aggregate planning? (5 Marks)

Ans:

Introduction:

Aggregate planning is a strategic management process that includes growing an ordinary plan for allocating resources and determining production levels over a specified time horizon. It is a crucial function in operations management and is essential in balancing delivery and demand while optimizing various factors such as cost, capacity, and customer support levels. In

 

 

 

b. Describe and apply aggregate planning strategies in this case situation? (5 Marks)

Ans:

Introduction

Aggregate planning is a strategic technique that includes planning and dealing with an organization's general production and capability to satisfy demand while minimizing costs. In the case of Viswakarma, a building substances producer that produces tiles, bricks, and canopies using nature-friendly, lightweight, reusable, and durable materials, aggregate planning strategies