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Kindly note that answers for 10 marks questions should be approximately of words. Each question is followed by evaluation scheme. List the main benefits of value engineering?
Value Engineering is a fuction oriented, systematic team approach and study to provide value in a product, system or service. Often, this improvement is focused on cost reduction; however other important areas such as customer perceived quality and performance are also of paramount importance in the value equation.
Value Engineering techniques can be applied to any product process procedure system or service in any kind of business or economic activity including health care, governance, construction, industry and in the service sector. The firm is developing and testing the new system in South Africa with an eye on rolling it out to group companies worldwide, says SABMiller programme manager Rudi van Schoor.
But instead of addressing the symptom, it called in management consultancy McKinsey to look at the entire supply chain system to see where it could be improved and future stock-outs avoided.
Add to that big events such as the British Lions tour and the World Cup, and climate change, and the picture becomes more complex. That means it will live with excess stocks of some products, just to ensure that a thirsty customer can get his or her favourite drink, every time.
To do all this it must integrate information from a lot of sources. These include sales forecasts for about 2, SKU locations or depots for the brewing division and 3, for the soft drinks division, as well as planned promotions data from the marketing and promotions division, as well as cost and production data, among others.
These data must then be converted into raw material purchases, manufacturing scheduling, distribution and stockholding plans for 12 factories seven breweries and five soft drink plants and three tiers of distributors, broken down into between 70 and 80 stock-keeping units skus for the brewing division and around for soft drinks.
And all this must be optimised for profit. The inhouse system, developed over years, had most of the usual problems associated with legacy systems: This will let SABMiller make any of its products in the most cost-effective location, given the local demand, manufacturing, transport and inventory costs.
It will also increase its flexibility in responding to changes in demand. Products will no longer be made only in a single plant to optimise production runs, but, based on more holistic data, in the plants that optimise overall profitability. This flexibility also gives the company greater cover to handle factory downtime and to meet rapid changes in demand.
But some parts of the legacy system will still be around. But even that data will go into the Infor system so that it can create production schedules down to tank, line and minute accuracy.
This attention to detail is part of the SABMiller ethos. Measurement and numbers are integral to the company culture. Van Schoor says the Infor system will be tested in three ways: But this could be a drop in the ocean if the company adopts it worldwide.
And interest from group firms is high. Describe the domain application used for SCM integration? You must understand that time is money. In business, our objective is to makemoney. But the question is how productively you convert your time into money.
Areyou making full use of your time or you just let the time pass by you? How much you make depends on how good you are at converting time to money. A work breakdown structure WBS is a model of the work to be performed in a project organized in a hierarchical structure.
The WBS is an important tool which helps you keep an overview of the project:Jan 25, · MB - PRODUCTION AND OPERATION MANAGEMENT Dear students get fully solved SMU MBA assignments. DRIVE. Assignment. Note: Answer all questions. Get fully solved SMU MBA Assignments For Help Mail us @ [email protected] call us @ Master of Bu MB - .
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