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Lean Manufacturing UPES Solved Assignments

Assignment 1 Lean Manufacturing

A company manufacturing 4 different types of toys is experiencing a lot of variation in demand for its products. As a result, company is facing difficulty in production planning. The toys are for kids age below 3 years. The toys are sold from about 150 retail stores spread in 20 cities. The company would like to develop a system for forecasting the demand of its products. 
Question: How is inventory important for lean manufacturing systems?

Assignment 2 Lean Manufacturing

Analyze the below demand curve for a product and Ans the Question

Comment upon the use of pull production systems during the life cycle of product.

Operations Analytics

Assignment 1

Assignment brief:
 
You are acting as an analytics consultant to fast-growing SMEs that wish to incorporate Business Intelligence, Analytics, and elements typically found in emerging technology frameworks to improve the business performance of the companies, or generally improve the decisions taken by these firms. Using data sets that the SMEs are providing you with and materials found on Moodle or further suggested readings, make suggestions and advise your clients based on the questions found in each exercise below. Remember that your clients are not familiar with statistical analysis so your presentation should reflect this and use simple language to explain your results.

Task:
Create a brief presentation that answers the questions found within each of the case studies below.
You are acting as a consultant to an SME that would like to choose a mix of strategies in how it manages its finances to improve its profitability. Your client has complete lack of knowledge in financial management and tries to run her business based on her previous experience. Having access to balance sheets and income statements of firms in the vicinity, you are able to help the manager find patterns in the data of how other firms manage their profitability, and disentangle the relationships between profitability (as proxied by return on assets: ROA), liquidity (as proxied by Current Ratio), revenue efficiency (as proxied by Operating Margin) and debt ratio (as proxied by long-term leverage).

Instructions
Download the file “SME Exercise1.xls” from Moodle. Use Microsoft Excel or other visualisation software to produce suitable charts illustrating the distribution of ROA, and the relationship of ROA with the other three measures. Include these in your presentation, along with descriptive statistics for ROA and a reflections on the shape of the distribution and the strength and nature of any linear relationships with the other three measures.

Fit the following log-log model: ??g(????)=?+?1???(???????????)+?2???(???????????????)+?3???(????????)

Ensure that your presentation includes discussion of the following:
 a) Discuss how the regression model can provide valid insights to the firm.
b) State if the coefficients are statistically significant and what this means.
c) Having a transformed (i.e. log-log) model, explain to the firm manager what do the b1…b3 coefficients denote in this case?
d) Discuss their interpretation in this particular example.
e) The firm in question had losses last year and wants to use cash to cover those. Explain to the manager, what would you expect to happen to his firm’s profitability (ROA) if Liquidity (Current Ratio) was to decrease by 5%?
f) So far, you’ve provided good insights to the manager, but what is the goodness of fit of this model? What does it show? Explain to the manager in simple terms. 

Assignment 2

The field of data science is seeing rapid growth. In the last five years, firms have made significant investments to attract highly skilled data scientists, accumulate massive amounts of data, and analyse it using advanced algorithms to identify patterns among the overwhelming amount of irrelevant information. 
The current situation is functioning, but only up to a certain extent. Data has started to alter our connection with diverse areas such as language translation, shopping, health care, and basketball.
However, despite the instances of achievement, many firms are unable to fully capitalise on the potential benefits of data science. Even efficiently managed businesses that provide robust analysis are unable to fully use their findings. Efforts become inadequate at the final stage while attempting to elucidate the subject matter to decision-makers.
As an analyst, you have to cover corporate communication for various stakeholders and how the information provided may assist in selecting the most effective tactics for each stakeholder by Establishing a vision and mission, Ensuring consistency with product strategy and implementation,  Defining clear expectations ,  Recognising obstacles,  Significance of effective storytelling (Refer to unit 10 of the LMS study material for assistance) .

Product Lifecycle Management 1st set of UPES Assignment

A company manufacturing 4 different types of toys is experiencing a lot of variation in demand for its products. As a result, company is facing difficulty in production planning. The toys are for kids age below 3 years. The toys are sold from about 150 retail stores spread in 20 cities. The company would like to develop a system for forecasting the demand of its products. 
How would the decisions change during different phases of life cycle of this product?

Product Lifecycle Management 2nd Assignment of UPES

Analyze the below demand curve for a product and Ans the Question

Production Planning & Inventory Control 1st assignment of UPES 2024

Situation
A company manufacturing 4 different types of toys is experiencing a lot of variation in demand for its products. As a result, company is facing difficulty in production planning. The toys are for kids age below 3 years. The toys are sold from about 150 retail stores spread in 20 cities. The company would like to develop a system for forecasting the demand of its products. 
Assignment Question: How should company plan production and manage inventory?

Production Planning & Inventory Control 2

Analyze the below demand curve for a product in the attached document and Ans the Question.

Question: Explain the curve with respect to management of production and inventory

Service Operations 1st Solved Assignment of UPES 2024

A company manufacturing 4 different types of toys is experiencing a lot of variation in demand for its products. As a result, company is facing difficulty in production planning. The toys are for kids age below 3 years. The toys are sold from about 150 retail stores spread in 20 cities. The company would like to develop a system for forecasting the demand of its products.

Question: Is inventory management applicable to services also? Support your answer with examples.

Service Operations 2nd Assignment of UPES 2024

Question: Whether the curve would be applicable to service demand management also?

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