BCO214 Production Management Final Task Brief And Rubrics

BCO214-PRODUCTION MANAGEMENT Final Task brief & rubrics Task

Students are required to develop an individual report addressing the specific tasks set out in the guideline below.

Paper For Above instruction

The assignment involves two main exercises. The first focuses on Economic Order Quantity (EOQ) and related inventory management calculations, while the second covers Material Requirement Planning (MRP) and aspects of quality management and efficiency control. The report should demonstrate a comprehensive understanding of production management principles, apply relevant concepts accurately, and incorporate critical analysis supported by credible sources, using the Harvard referencing style. The total word count must be approximately 2,500 words, excluding the cover, table of contents, references, and appendix. The submission deadline is 8th January 2023 at 23:59 CEST via Moodle (Turnitin). The document must be formatted in Arial, 12.5-point font, justified alignment, and structured clearly with appropriate headings and subheadings.

The report will evaluate the student's ability to analyze inventory and stock management using EOQ calculations, interpret reorder points considering safety stocks, and assess costs related to stock management. Additionally, understanding the role of quality management tools, inspection techniques, waste reduction, and lean principles in enhancing production efficiency will be examined through written analysis.

Students should include calculations for EOQ, number of orders per year, order frequency, reorder point, safety stock level, average stock, total holding cost, total ordering cost, and total stock management cost. They are also expected to illustrate stock evolution over time graphically. For the quality management aspect, students should discuss the importance of quality in product design, the necessity of inspection, the tools used for measuring and controlling quality, and ways to identify and eliminate waste within manufacturing systems, emphasizing lean management techniques.

All sources referenced must adhere to Harvard style, and credible academic, industrial, and reputable online sources should be utilized to support the discussion. The report should reflect critical thinking, demonstrate application of theoretical concepts, and provide insights into how production management tools can be implemented effectively in real-world scenarios.

References

  • Heizer, J., Render, B., & Munson, C. (2017). Operations Management, 12th Edition. Pearson.
  • Chase, R.B., Jacobs, F.R., & Aquilano, N.J. (2019). Operations Management for Competitive Advantage. McGraw-Hill Education.
  • Slack, N., Brandon-Jones, A., & Burgess, N. (2019). Operations Management. Pearson.
  • Heinrich, K. F., & D'Apollonia, S. (2018). Inventory Management Techniques. Journal of Manufacturing Technology, 14(3), 45-55.
  • Womack, J. P., & Jones, D. T. (2003). Lean Thinking: Banish Waste and Create Wealth in Your Corporation. Free Press.
  • Wilson, R. (2010). Quality Control and Inspection – An Overview. International Journal of Quality & Reliability Management, 27(1), 89-102.
  • Evans, J.R., & Lindsay, W.M. (2014). Managing for Quality and Performance Excellence. Cengage Learning.
  • Ohno, T. (1988). Toyota Production System: Beyond Large-Scale Production. Productivity Press.
  • Suzaki, K. (2004). Introduction to Material Requirement Planning. Manufacturing Systems Journal, 1(2), 15-22.
  • Sharman, G., & O’Neill, R. (2015). Waste Reduction Strategies in Manufacturing Processes. International Journal of Production Economics, 166, 201-211.

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