Operations Management- NMIMS Latest solved assignments

 

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Operations Management

April 2021 Examination

Ques 1. Discuss the various inventory management/control techniques prevalent in the industry. Discuss how some of these techniques would apply to an organization in the FMCG sector for effective management of their inventories; i.e soaps, household supplies, etc (you can assume inventories of your choice to explain).

Ans 1.

 

Introduction

The layout of a plant has significant relations with the nature of the product being manufactured. The stationary layout is always most suitable for heavy products, while line layout best suits the light products because light and small products can very easily move from one place or a machine to another. More attention is needed to be paid to the handling of materials and machines' locations.

 

Ques 2. List and explain in brief the various types of plant layout concepts in operations management, highlighting the objective, considerations of a good layout design. Give examples of where each of these types can be employed respectively. Briefly explain aLayout for Retail store operations(10 Marks)

Ans 2.

Introduction

The importance of Plant layout as Strategic Nature:- A plant's layout decisions are the strategic decision. The reason is the impact on the manufacturer's cost and efficiency, and also the warehouse operations. In the service facility, the

 

Ques 3a. Assume you are a part of the Operations team in an automobile manufacturing setup. You are also working in coordination with other departments. Discuss the following aspects of the operations of your organization

a. Define Quality & list and discuss in brief the various dimensions of quality in operations (5 Marks)

Ans 3a.

 

Introduction

The definition of quality is always a vigorously debated topic. Sometimes it looks to be intuitive if we get right down to it. In fact, "quality" is a tough, rather say an intuitive concept to define with any precision.

 

Ques 3b. Discuss the concept of EOQ in brief. Using the data below, find EOQ, and the reorder point. Annual Demand: 15,000 units; Weeks Operating: 50 weeks/year; Ordering Costs: Rs. 60/order & Holding Costs: Rs. 7/unit/year; Lead-Time: 5 weeks & Safety Stock: 250 units (5 Marks) –

Ans 3b.

 

Introduction

EOQ considers reordering timing, the cost being incurred for placing an order, and the cost of storing the merchandise. In case a firm is often placing small orders for maintaining a specific inventory level, the cost of ordering is higher. Besides this, a need for additional storage space or warehousing becomes necessary. 

 

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Management Theory and Practice- NMIMS Latest solved assignments

 

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Management Theory and Practice

April 2021 Examination

Ques 1. ABC Ltd. is facing a huge inventory cost and wastage of resources and would want to take the help of JIT and Lean Manufacturing to solve their issues. Can you guide them on the same?

Ans 1.

Introduction

Lean management is a process of organizing and handling work with a moto to improve the performance of a company the profitability and quality of the production technique of the company. The lean management assists in to upgrade process by lowering operations, which are unnecessary, complications and poor in the basis of quality costs. It has two main goals: employee success and full customer satisfaction.

Lean management depends on principles

 

Ques 2. An entrepreneur wants to set up an organization dealing in manufacturing of toys and has hired you as a consultant. Can you please guide him about the functions of Management?

Ans 2.

Introduction

Management is defined as an economically and efficient preparation and regulation phase of a company's operation for certain purposes. A complex mechanism involves different elements and activities. These practices vary from organizational tasks such as marketing, financing, purchasing, etc. Instead, they are common to any kitchen regardless of its degree and status. Various scholars have categorized

 

Ques 3. XYZ Ltd. is facing a lot of internal conflicts of late. One of the main reasons attributed to the same is cultural differences

a. Can you explain the different types of conflicts that arise in organizations due to cultural differences?

Ans 3a.

Introduction

Conflicts in workplaces are defined as a dispute or mistake, arising from real or assumed disagreements between the members of the group in their needs, values, resources, and relationships. When two or more individuals meet on the job, disagreement happens when views regarding each task or decision vary.

 

3b. Can you also suggest some important techniques of Conflict resolution

Ans 3b.

Introduction

If disputes are not resolved, efficiency and coordination may be detrimental. The use of organizational dispute mediation techniques helps create a safe work climate. Conflict resolution requires expertise in teamwork, problem management, and decision-making. Conflict handling in a variety of different styles may be tackled. Each approach uses the same management skills, but these types can vary.

Concept and Analysis

Listen, Then Speak Out

Believe it or not, only the first most significant step in settling a dispute is responding to an employee's concern. Both the parties

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INTERNATIONAL MARKETING- NMIMS Latest solved assignments

 

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INTERNATIONAL MARKETING

April 2021 Examination

Ques 1. As a consultant on International Marketing, can you explain the concept of the Global Consumer to Indian Brands wanting to venture to other countries? Use Hofstede’s 5 dimensions of National Culture to explain the same (10 Marks)

Ans 1.

Introduction

Globalization means the process of cultural integration and worldwide market, which is continuously changing how businesses operate. Apart from the ever-growing influence on the activities of a business, globalization has a continuous impact on the consumers as well. In the present times, the consumers have

 

Ques 2.  ABC Ltd. is planning to come out with a new innovative product in the market to tackle the mayhem caused by Covid 19 and boost immunity but they are unsure whether people will accept the innovation. Can you please guide them about the adoption process of a new innovation using the help of diffusion theory? (10 Marks)

Ans 2.

Introduction

Innovation refers to the process of adoption, assimilation and exploitation on different products, spheres. The process helps in developing new ideas for an increase in sales of products in the market. It plays a vital role in processing

 

Ques 3a. XYZ Ltd. is planning to enter a new geographical market with their brand of Chawanprash. But they are worried about IPR issues in a foreign land

a. Can you please give them some idea about Licensing and Trade Secrets with respect to their product (5 Marks)

Ans 3a.

Introduction

Licensing and trade secrets are essential for all companies before launching their different products in the market. The trade secret

 

Ques 3b. Can you share your guidance on IPR and how can they be protected? (5 Marks)

Ans 3b.

Introduction

Intellectual Property is the collective representation of intangible aspects such as patents, trademarks, copyrights, ideas and unique concepts. According to the rules of intellectual property, these non-physical properties

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INTERNATIONAL BUSINESS- NMIMS Latest solved assignments

 

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INTERNATIONAL BUSINESS

APRIL 2021 EXAMINATION

 

Ques 1. It would be interesting to foray into the history of globalization. John Maynard Keynes referred to the period (1871-1914) as the golden age of globalization when countries based on gold standard and fixed exchange rates traded in a world when transportation was cheap and travel passport free. After the two world wars and Great Depression of 1930s, the major powers of the world brought in sanity to the financial system by constituting IMF for exchange rate stability and World Bank for providing medium term loan to war ravaged Europe.

Discuss how the systems of exchange rate determination have evolved till now and their role for facilitating International trade for MNCs. (10 Marks)

Ans 1.

Introduction 

In the fast-growing economy, business organizations and multinational corporations can succeed due to the monetary system's improvement and development. The International Monetary System controls the economic and the financial environment, incorporating investors, multinational corporations, banks, and financial institutions. The organizations’ primary purpose is to formulate and plan a formal

 

Ques 2. Use the two-country, two-sector Ricardo model of International trade theory and explain the concept of comparative advantage using the table below:

Labour units required to produce one unit of output
	Food	Chemicals	Total Available Labour
EU	2	8	200
Kenya	4	24	120

Ans 2.

Introduction

The Ricardian model is one of the easiest models. Still, introducing the comparative advantage precept gives a number of the maximum compelling motives assisting worldwide trade. By utilizing this model, much less efficient international locations can gain from unfastened exchange with their extra efficient neighbors. Low-salary international locations will not allow their manufacturing value gain in lots of circumstances. On the other hand, the Ricardian model is regarded as one of the models which lack concepts and one of the compelling models for trading internationally. Several

 

Ques 3. Read the passage and answer the questions given below it:

Foxconn will set up a new subsidiary called FuKang Technology Co Ltd as a part of their $270 million investment to diversify production beyond China. Apple is planning to diversify its location of facilities to reduce the impact of Sino-US trade war. Hence Foxconn that manufactures iPads and other Apple devices is planning to shift its assembling facilities from China to Vietnam at Apple Inc. request, said a person close to the development. According to a report by Reuters, Foxconn is building assembling facilities for Apple tabs and MacBooks at a plant in Bac Giang province, northeast of Vietnam. The plant will come online in the first half of 2021. The development comes as over the outgoing Donald Trump administration pressing US firms to shift production facilities from China to other Asian countries. The Trump administration restricted the supply of electronic components produced with U.S technology to Chinese firms that it finds to be a risk to national security and imposed higher import tariff on made-in-China electronics.

Hence Taiwanese manufacturer who does not want to be a pawn to the trade war wants to move their production facilities from China to Mexico, Vietnam and India. Shifting production to Vietnam will make the company’s first time setting up a plant outside China. The manufacturing giant is also planning to invest $1 billion to expand its iPhone assembly line in India as ‘strongly requested’ by Apple Inc, the unidentified source further said.

Foxconn, formally Hon Hai Precision Industry Co Ltd, the Taiwanese multinational electronics contract manufacturer recently announced it will set up a new subsidiary called FuKang Technology Co Ltd as a part of their $270 million investment to diversify production beyond China. Television sets for clients including Japan’s Sony Corp will also me manufactured at its Vietnam plant with production slated for early 2021. Foxconn Chairman Liu Young-way had earlier told investors in August how he aims at providing two sets of supply chains will Sino-U. S trade wars impacting their business. The company’s competitors like Pegatron Corp also an assembler for Apple Inc. are planning to diversify its facilities by building plants in Mexico.

a. In the context of the passage, discuss the internationalization strategy of Foxconn. What are the main determinants of this strategy?

Ans 3a.

Introduction 

Business organizations and multinational corporations prefer to globalize and internationalize their business organizations to expand their operations, exploit the host country's resources, and bring more and more return to the parent company. However, this happens due to the increasing globalization and the political satire of an economy. And the relationship between the most significant world countries. Similarly, in this portion, the researcher has been talking about Foxconn Technology co. Ltd has been

 

3b. Discuss political risks of business environments that impact the host country attractiveness for globalizing firms.

Ans 3b.

Despite the globalization of business, the organization should maintain its local rules and regulations where they operate the business. Currently, the government is directly implementing business rules and regulation in the host country based on political and legal philosophies. The main regulating factor is the internet; the

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INFORMATION SYSTEMS FOR MANAGERS- NMIMS Latest solved assignments

 

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INFORMATION SYSTEMS FOR MANAGERS

April 2021 Examination

Ques 1. Green IT (green information technology) is the practice of environmentally sustainable computing. Green IT aims to minimize the negative impact of IT operations on the environment by designing, manufacturing, operating and disposing of computers and computer-related products in an environmentally-friendly manner. As a digital consultant to a mid-size organization what approaches to Green computing will you recommend to this organization? What are the benefits an organization can reap by implementing green practices?

Ans 1.

Introduction

Today, the word embodies technology's whole life cycle, including science, improvement, use, and removal. Green IT adopts an undeniably more comprehensive strategy than it once did, especially when ventures are conceptualizing approaches to limit expenses and raise deals.

The world advantages from green

 

Ques 2. Internet of Things (IoT), offers a multitude of benefits to the healthcare sector such as improving the effectiveness and quality of services. As a consultant to a private hospital who wants to embrace this technology (IoT) to help improve patient outcomes, what are the potential cyber security challenges that may impede the success of healthcare IoT for this private hospital that you will highlight to them?

Ans 2.

Introduction

Cyber Security Challenges in the Healthcare Industry

The advanced area has gotten keys to the wellbeing business. It stretches out to all methodology, from emergency clinic admissions to medicate control to actual climate observing. Network safety dangers have additionally gotten basic in this specific situation. The new Ventra 2019 Healthcare Spotlight Report shows that the expansion of Internet-of-things (IoT) medical care gadgets,

 

Ques 3 a. Big data refers to a large amount of information being digitized, consolidated, standardized, analyzed and modeled. In healthcare, big data uses specific statistics from a population or an individual to research new advancements, reduce costs, and even cure or prevent the onset of diseases. In recent years, healthcare data collection has moved into the digital realm, making analysis faster and more accurate.

a. What are the three characteristics of Big Data?

b. What are the benefits and challenges of using Big Data in healthcare?

Ans 3a.

 

Introduction

The word Big Data just provides an indication of the data scale. The problems connected with it are not just about its scale alone. In fact, the concept emerged to label a sea of data gathered from diverse sources, formats, and sizes and,

 

Ans 3b.

Introduction

With the normal social affair, putting away, recovery and investigation of immense volumes of innovation, information has become a ubiquitous marvel in our regular day to day existences. The likely utility of these tremendous volumes of information, called Big Data, in improving individual treatment,

 

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INFORMATION SYSTEMS FOR MANAGERS- NMIMS Latest solved assignments

 

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INFORMATION SYSTEMS FOR MANAGERS

April 2021 Examination

Ques 1. Green IT (green information technology) is the practice of environmentally sustainable computing. Green IT aims to minimize the negative impact of IT operations on the environment by designing, manufacturing, operating and disposing of computers and computer-related products in an environmentally-friendly manner. As a digital consultant to a mid-size organization what approaches to Green computing will you recommend to this organization? What are the benefits an organization can reap by implementing green practices?

Ans 1.

Introduction

Today, the word embodies technology's whole life cycle, including science, improvement, use, and removal. Green IT adopts an undeniably more comprehensive strategy than it once did, especially when ventures are conceptualizing approaches to limit expenses and raise deals.

The world advantages from green

 

Ques 2. Internet of Things (IoT), offers a multitude of benefits to the healthcare sector such as improving the effectiveness and quality of services. As a consultant to a private hospital who wants to embrace this technology (IoT) to help improve patient outcomes, what are the potential cyber security challenges that may impede the success of healthcare IoT for this private hospital that you will highlight to them?

Ans 2.

Introduction

Cyber Security Challenges in the Healthcare Industry

The advanced area has gotten keys to the wellbeing business. It stretches out to all methodology, from emergency clinic admissions to medicate control to actual climate observing. Network safety dangers have additionally gotten basic in this specific situation. The new Ventra 2019 Healthcare Spotlight Report shows that the expansion of Internet-of-things (IoT) medical care gadgets,

 

Ques 3 a. Big data refers to a large amount of information being digitized, consolidated, standardized, analyzed and modeled. In healthcare, big data uses specific statistics from a population or an individual to research new advancements, reduce costs, and even cure or prevent the onset of diseases. In recent years, healthcare data collection has moved into the digital realm, making analysis faster and more accurate.

a. What are the three characteristics of Big Data?

b. What are the benefits and challenges of using Big Data in healthcare?

Ans 3a.

 

Introduction

The word Big Data just provides an indication of the data scale. The problems connected with it are not just about its scale alone. In fact, the concept emerged to label a sea of data gathered from diverse sources, formats, and sizes and,

 

Ans 3b.

Introduction

With the normal social affair, putting away, recovery and investigation of immense volumes of innovation, information has become a ubiquitous marvel in our regular day to day existences. The likely utility of these tremendous volumes of information, called Big Data, in improving individual treatment,

 

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Industrial Relations & Labor Laws- NMIMS Latest solved assignments

 

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Industrial Relations & Labor Laws

April 2021 Examination

Q1. Mr. David wants to promote worker’s participation in his organization. However, he is slightly unsure of what are the means of implementing this idea. Please elaborate on any 5 forms of worker’s participation in any organization and their specific benefits. (10 Marks)

Ans 1.

Introduction

Laborers' inclusion in an organization's administration (WPM) is embraced to guarantee improved effectiveness for everyone's benefit of the organization, staff, and the general public, to give representatives a more clear enthusiasm for their situation in the working environment and creation measure, and to address the

 

Q2. Manav is a student at Labour Institute. During his first year of studies, he has to choose a topic about labour legislation to make a presentation. He chooses to talk about the seven principles of labour legislation. Please enumerate the seven principles of labour legislation in detail to help Manav. (10 Marks)

Ans 2.

 

Introduction

The Workmen's Compensation Act, 1923

The Act is one of the initial steps taken to benefit staff. It was received in 1923, yet went into power on 1 July 1924 and stretched out to laborers in the train, cable car, plant, mine, port, dock, development, exchange, sewage, and fire units. The Act accommodates risk for death, perpetual complete inability, lasting fractional handicap, and brief incapacity brought about by, throughout, and coming about because of work, either coincidentally or by word related infections. Inferable from the level of

 

 

Question 3 Mr. Khatri is a veteran in Trade Union. He has been a Union Leader at various manufacturing units for almost 25 years and runs a small support group as an advisor for trade unions. He gets a lot of cases for advising the employees who want to form a trade union. Whatever the specific suggestions that people are looking for from him, he likes to start the basics. Please elaborate on the following points to support Mr. Khatri on his points.

a. Mr. Khatri likes to educate the employee groups about characteristics of a trade union. Please elaborate the point. (5 Marks)

b. Most employees want guidance about the functions of trade unions. Please describe the functions of trade unions in brief. (5 Marks)

Ans 3a.

Introduction

A worker's guild comprises individuals (a participation-based association), and its enrollment should include representatives. One of the critical reasons for a worker's guild is to safeguard and maintain its representatives' privileges in the

 

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