Define the terms: i) Lead time ii) Strategic decisions iii) Bills of material
[3 marks]What are different ways for value addition in a commodity? How it promotes startup in food processing sector?
[4 marks]What is ‘Break Even Analysis’? Explain the components of Break Even Analysis.
[7 marks]Why business required working capital?
[3 marks]Write a short note on ‘Business Opportunity Identification’
[4 marks]What is planned maintenance? Briefly explain the different types of planned maintenance.
[7 marks]List out the objectives of operation management.
[3 marks]Differentiate between Batch production system and Process Production system.
[4 marks]Discuss the factors influencing on the choice of a manufacturing system.
[7 marks]Briefly explain principles of Just in Time (JIT).
[3 marks]Compare production planning and production control.
[4 marks]Discuss independent material purchase process with recorder level, recorder quantity and safety stock relation.
[7 marks]Highlight on the salient features of Materials Requirement Planning.
[3 marks]The company manufactures fruit cocktail for the constant demand of 1500 kg per month. Calculate the economic batch quantity if the annual holding cost is 10% of the stock value, unit price of the product Rs. 180 per kg and machine set up cost is Rs.3000/-.
[4 marks]Discuss the functions of store department in a food industry.
[7 marks]Highlight on HML and VED analytical techniques of inventory management.
[3 marks]XYZ company uses the following materials. Employ ABC analysis and categorize items with justification. Item No. 1 2 3 4 5 6 7 8 9 Unit Price 25 12 1500 75 50 100 500 900 10 (Rs.) Annual 400 750 100 100 60 300 20 200 1500 400 consumption
[5 marks]Draw a schematic representation of conceptual model of production system and discuss its components.
[7 marks]Explain the term ‘Contribution margin’
[3 marks]Define the term depreciation and state the causes for depreciation.1
[4 marks]Define Entrepreneurship. Describe the essential qualities of smart entrepreneur.
[7 marks]Differentiate between direct and indirect cost.
[3 marks]What is the need for maintenance of machines or equipment in the industry?
[4 marks]Discuss the challenges and constraints for food processing industry in India.
[7 marks]