This report summarizes concepts of operations management studied at Jagran Publications Ltd in Noida. It discusses forecasting done based on client agreements and trend analysis. The manufacturing process begins with client agreements setting rates, paper size etc. Raw materials include ink, aluminum plates, and paper. Inventory is managed using ABC analysis to categorize critical items. Material Requirements Planning is based on a master schedule from client orders. Total Quality Management aims for careful product design and consistent systems to meet ISO standards, with only 5% wastage recycled. The group learned how operations concepts are applied through their visit.
You can buy this here: http://imojo.in/330t3x
This presentation is aimed at helping small and medium businesses in their production planning processes.
Production Planning is explained in a detailed manner with step-by-step examples for better understanding.
UNIT – I
Production System & Advanced Forecasting Method
Generalized Model of production system, design, optimization & control of production system. PPC – Production Planning, integrated part of corporate planning process, Integrative nature of production plans, centralized and decentralized production planning.
Advanced Forecasting – Principles, SWOT analysis, and 7S approach, Advanced Techniques – multi item forecasting, slow item forecasting.
UNIT - II
Capacity Planning
Measurement measures, estimating future capacity needs, factors influencing, factors favouring over capacity and under capacity, MPS.
Production Control Functions
Loading, sequencing, assignment models
High Volume Production System
Detroit type automation, automated flow lines, transfer mechanism, buffer storage, control function, automation for machining operation, Design and fabrication considerations.
UNIT – III
Inventory Management
Inventory models and safety stocks – Relevant costs, behaviour of costs in relation to level of inventory, optimal order quantity, EOQ, EBQ, Joint cycle for multiple products, model with purchase discounts, approaches to determine buffer stock, fixed order period models.
ABC and other classification of Materials selective management control, VED analysis, combination of ABC and VED analysis, purpose classification.
Material requirement planning (MRP – I) – Concepts, structure, working output reports, classes of users.
UNIT – IV
Material Management
Spare parts Management – Characteristics, codification concept, stocking, policy analysis, Maintenance or breakdown capital, insurance, rotable spares.
Other aspects of Material Management
Codification, characteristics, standardization, material handling, stores management.
UNIT – V
Physical Distribution Management
Transportation problem, Route scheduling problem, logistics management.
Material Management
An integrated view, Adaptability considerations, inventory – a part of production strategy, organization, effectiveness, a multi level interactive process.
You can buy this here: http://imojo.in/330t3x
This presentation is aimed at helping small and medium businesses in their production planning processes.
Production Planning is explained in a detailed manner with step-by-step examples for better understanding.
UNIT – I
Production System & Advanced Forecasting Method
Generalized Model of production system, design, optimization & control of production system. PPC – Production Planning, integrated part of corporate planning process, Integrative nature of production plans, centralized and decentralized production planning.
Advanced Forecasting – Principles, SWOT analysis, and 7S approach, Advanced Techniques – multi item forecasting, slow item forecasting.
UNIT - II
Capacity Planning
Measurement measures, estimating future capacity needs, factors influencing, factors favouring over capacity and under capacity, MPS.
Production Control Functions
Loading, sequencing, assignment models
High Volume Production System
Detroit type automation, automated flow lines, transfer mechanism, buffer storage, control function, automation for machining operation, Design and fabrication considerations.
UNIT – III
Inventory Management
Inventory models and safety stocks – Relevant costs, behaviour of costs in relation to level of inventory, optimal order quantity, EOQ, EBQ, Joint cycle for multiple products, model with purchase discounts, approaches to determine buffer stock, fixed order period models.
ABC and other classification of Materials selective management control, VED analysis, combination of ABC and VED analysis, purpose classification.
Material requirement planning (MRP – I) – Concepts, structure, working output reports, classes of users.
UNIT – IV
Material Management
Spare parts Management – Characteristics, codification concept, stocking, policy analysis, Maintenance or breakdown capital, insurance, rotable spares.
Other aspects of Material Management
Codification, characteristics, standardization, material handling, stores management.
UNIT – V
Physical Distribution Management
Transportation problem, Route scheduling problem, logistics management.
Material Management
An integrated view, Adaptability considerations, inventory – a part of production strategy, organization, effectiveness, a multi level interactive process.
INTRODUCTION TO PRODUCTION AND OPERATIONS MANAGEMENT - Unit 1 (BBA-Bangalore ...Afsana salam
Introduction - Meaning & Definition – Classification - Objectives and Scope of Production and operation Management -Automation: Introduction – Meaning and Definition – Need – Types - Advantages and Disadvantages
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Objectives, Components – Manufacturing Systems: Intermittent and Continuous Production Systems.
Product Development, Classification and Product Design.
Plant location and Plant Layout – Objectives, Principles of Good Product Layout, Types of Layout.
Importance of Purchase Management
Process Characteristics in Operations: Volume, Variety, Flows, Types of Processes & Operations System, continuous flow & intermittent flow system. Process Product Matrix: Job production, batch production, Assembly line & Continuous flow process & production layout Service System Design Matrix: Design of Service system, Service Blue print
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The manufacturing of pharmaceutical products is preceded by complex development phases where process design, planning, and scheduling problems must be considered as deeply linked, fact that has not yet been adequately handled by the existing literature. In this perspective, this work discusses the role of the production planning and scheduling decisions in the pharmaceutical industry. It starts by analysing the main aspects that influence planning and scheduling, and defines an extended scope of the related problems, as a way to account for higher levels of integration between process design and operational decisions. We propose a novel conceptual representation, the Delivery Trade-offs Matrix (DTM) to help managing the trade-offs occurring in the drug development process and to expose the factors that affect the performance of these manufacturing systems.
INTRODUCTION TO PRODUCTION AND OPERATIONS MANAGEMENT - Unit 1 (BBA-Bangalore ...Afsana salam
Introduction - Meaning & Definition – Classification - Objectives and Scope of Production and operation Management -Automation: Introduction – Meaning and Definition – Need – Types - Advantages and Disadvantages
Production Management:
Objectives, Components – Manufacturing Systems: Intermittent and Continuous Production Systems.
Product Development, Classification and Product Design.
Plant location and Plant Layout – Objectives, Principles of Good Product Layout, Types of Layout.
Importance of Purchase Management
Process Characteristics in Operations: Volume, Variety, Flows, Types of Processes & Operations System, continuous flow & intermittent flow system. Process Product Matrix: Job production, batch production, Assembly line & Continuous flow process & production layout Service System Design Matrix: Design of Service system, Service Blue print
On the complexity of production planning and scheduling in the pharmaceutica...Samuel Moniz
The manufacturing of pharmaceutical products is preceded by complex development phases where process design, planning, and scheduling problems must be considered as deeply linked, fact that has not yet been adequately handled by the existing literature. In this perspective, this work discusses the role of the production planning and scheduling decisions in the pharmaceutical industry. It starts by analysing the main aspects that influence planning and scheduling, and defines an extended scope of the related problems, as a way to account for higher levels of integration between process design and operational decisions. We propose a novel conceptual representation, the Delivery Trade-offs Matrix (DTM) to help managing the trade-offs occurring in the drug development process and to expose the factors that affect the performance of these manufacturing systems.
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Top ten integration productivity tools and frameworks - Integration Saturday ...Nikolai Blackie
Today's integration project reality is deliver more, with less budget and in reduced timeframes. In the following session learn about some of the tools used by the pro's to deliver high quality BizTalk, ESB and API solutions, consistently, fast and at reduced cost. Some you will know well, but there may be a number you have yet to discover.
EU: T-Shirts - Market Report. Analysis And Forecast To 2020IndexBox Marketing
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Manufacturing is a sophisticated function where people try to juggle between the tasks of increasing productivity, managing their inventory, and optimizing their resource utilization. All this has to be done without compromising on the quality of the product and this is why we are talking about - Production Planning and Control strategy. This strategy for manufacturing combines two essential components of manufacturing - #productionplanning and production control.
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Production Planning Manufacturing inventory E-book
Link: https://www.polestarllp.com/ebook/production-planning-in-manufacturing-industry-e-book
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A project on inventory management. The necessity of effective inventory management is being increasingly realized in industrial and non-industrial organization both in India and abroad. This realization has come about because of increasing complexity of the task of managers and administrators. In most organization, the problem of effective inventory control is now viewed as the most critical problem with changes in social climate. While these can be great assets to the organizations, they become problems if the organization is not able to manage inventory properly.
Liquidity and profitability are the two vital aspects of corporate business. Any business cannot run without these two. A firm may run without profits for sometime; but with no liquidity, the firm cannot run their business. That is why management of inventory is an integral part of corporate planning in business life.
The proper inventory control system leads to an optimum utilization of resources. Idle materials are of a financial burden to the organization. Thus proper, inventory management directly assists in efficient functioning of the company. S.L. Goel says “takecare of the forest, the tree will take care of itself”, it should be the main motto of an inventory controller.
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mrpeasy.com
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Inventory management, loading strategy and warehouse categorizationMihir Sangodkar
Inventory Management, Loading Strategy and Warehouse Categorization - Golchha Lubricants, Jamshedpur, a recognized distributor for Shell, Castrol, IOCL, BPCL and HPCL with a combined volume of more than 1700 KL a year
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2) Developed an automated interface to provide safety stock and reorder point data along with the respective cost savings for a 99% service level across 90 SKUs among 3 brands
3) Developed a sustainable inventory management model to operate even with a 20% demand fluctuation
4) Developed a new docking strategy to reduce loading time by 50%
5) Got an extension of project scope to optimize delivery routes and identifying low performing SKUs
6) The live project is currently being implemented at Golcha lubricants
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Use of Inventory
Types of Costs
Inventory Management System
Inputs to MRP
Master production schedule(MPS)
BOM example
Inventory Status File
Just-in-time / Toyota Production System
Concept of JIT
Supply Chain Management
Kaizen
Kanban
IndustryWeek Published an Article From MRPeasy "Can’t Track 28 KPIs? Focus on These Top 10".
https://www.industryweek.com/operations/can-t-track-28-kpis-focus-these-top-10
www.mrpeasy.com
Chapter 10 Tools and Techniques for Quality Management.pptDr. Nazrul Islam
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Similar to REPORT ON STUDY OF CONCEPTS OF OPERATIONS MANAGEMENT IN (20)
Chapter 10 Tools and Techniques for Quality Management.ppt
REPORT ON STUDY OF CONCEPTS OF OPERATIONS MANAGEMENT IN
1. 1
REPORT ON STUDY OF
CONCEPTS OF OPERATIONS
MANAGEMENT IN-
JAGRAN PUBLICATIONS
SUBMITTED TO- SUBMITTED BY-
PROF. SONALI SINGH BORNITA DAS PGFB1513
HARSHITA RAWAT PGFB1517
TANUGOEL PGFB1552
RISHABH SINGH PGFB1537
VIDHI BAJPAI PGFB1558
2. 2
CONTENTS
EXECUTIVE SUMMARY
INTRODUCTION
FORECASTING
PRODUCT DESIGN AND MANUFACTURING PROCESS
INVENTORY MANAGEMENT
MATERIAL REQUIREMENT PLANNING
TOTAL QUALITY MANAGEMENT
LEARNINGS
VISIT TO DAINIK JAGRAN
3. 3
EXECUTIVE SUMMARY
This report is designed to study the concepts of Operations
Management in a practical approach. We have taken “Jagran
Publications Ltd” located at Noida, Sector 63 for the same. Different
processes and concepts that are applicable in the firm has been studied
and summarized in the report.
We have tried and analyzed that how the day to day operations in a
publication house is carried out. We learned that how such a
publication house’s set up is and how they control their inventory and
forecast demand with a small margin of profit within.
Mr. Nitish Shukla, Manager Material, Jagran Publications Ltd, guided us
and provided us with every possible information that was much needed
for the project work.
The report consists of the firm’s Inventory management system,
Material Requirement Planning, Total Quality Management and
Demand Forecasting.
4. 4
INTRODUCTION
Jagran Prakashan Ltd (JPL), a publisher company was born in 18th
July of
the year 1975 as a private limited under the name of Jagran Prakashan
Private Limited. JPL’s birth was the pet project of the Indian freedom
fighter Late Shri Puran Chandra Gupta. The company is engaging in
printing and publishing of newspapers, magazines, journals and media
related businesses.
Vision of Jagran “Just like the morning sun that dispels darkness and
brings warmth to the world, the vision of Jagran is to transform lives
through enlightening and enriching experiences”.
JPL is India’s leading media and communication group, with its main
interests across news papers, magazines etc. it has acquires Radio City
in June 2015. It is listed in BSE/NSE. It has 11 titles, covering almost 13
states, 350 editions and sub editions, comes out in 5 languages, which
makes it the world’s largest read daily newspaper publication company.
In the publication house in Noida they are in the business wherein they
print Times of India, Apollo pamphlets, Business Standards, Economic
Times and Dainik Jagran and Magazines.
5. 5
FORECASTING
Forecasts are vital to every business organization and for every
significant management decision. It gives a base for planning and
control. In the areas of finance and accounting, forecasting provides the
basis for budgetary planning and cost control. Production and
operations department uses such forecasting to make continuous
decisions like selection of supplier, process and facility layout as well as
for inventory, purchase and production planning.
In order to select the forecasting technique it is important to know the
purpose of forecasting to be done depending upon the type and
frequency of demand analysis.
In the case of “Jagran Prakashan Ltd” Noida, sector 63 the forecasting is
done on the basis of the agreement made between the firm and their
clients. The trend analysis is done as it is a day to day based operation
that happens in there.
The agreement consists of all the components such as rates, delivery
time, percentage of wastage allowed etc which is also decided on the
basis of the trend analysis and conditions set by mutual agreement.
PRODUCT DESIGN AND MANUFACTURING PROCESS
Product design is an integral to the success of many companies. It
differs significantly from industry to industry. A product design helps
proper implementation of the service taken into account.
The manufacturing processes are used to make everything that we buy
ranging from the apartment building in which we live to the ink pens
6. 6
with which we write. The manufacturing process starts with sourcing
the parts we need, followed by actually making the item and then
sending the item to the customer.
The manufacturing process of “Jagran Prakashan Ltd” can be explained
with help of following flowchart:
The above flowchart describes the process of manufacturing that takes
place in Jagran Prakashan Ltd from agreements with the clients to final
printing of the newspaper. The process starts with the agreement with
the clients regarding how much ink they need for printing per page, the
volume of the paper, wastage, per page cost, rate per mat cost. They
have different rates for different clients. Then the paper is set in the
cylinder which has aluminum plate which is of one time use. They have
only four types of ink used in printing: Cyan, Magenta, Black and
Yellow. After the final printing the finished good is produced as
newspaper.
The four distribution channel in newspaper supply chain is as below:
Purchased
parts from
vendors
Purchase
parts of
inventory
Final
Assembly
Designing
Final
Enabling
Finished
Goods
7. 7
Printing
Press
Hotels,
Libraries
Printing Press
Distribution
Company
Govt.Offices,
Embassies,Airlines
INVENTORY MANAGEMENT
Inventory is the stock of any item or resource used in an organization.
An inventory system of a firm includes policies and controls that
measures the level of inventory and determine what level should be
maintained so that the production should not get disrupted.
The purpose of maintaining an inventory can be:
To maintain independence of operations to ensure flexibility.
To meet any variations in the demand if any in any case or
emergency.
To allow flexibility in the production scheduling.
Printing Press
Insertion Center
Depo
Vendor
Hawker
Customer
Printing Press
Depo
Agency(Central
News Agency)
Customer
8. 8
To provide a safeguard for any delay or variations in the delivery
time of raw materials.
Various techniques are there which are used for inventory
management such as ABC analysis and cycle counting methods.
In Jagran Prakashan Ltd they use ABC analysis to control inventory.
They have categorized their raw material into A, B and C class in the
following manner:
1. A class items: most critical items such as ink, aluminium plate,
chemicals etc.
2. B class items: critical items
3. C class items: consumable items such as pen, pencil etc.
There is set minimum and maximum level of A class items and a set
Reorder level is set for the same. The total cycle of ink usage is
considered to be 45 days wherein 15 days are set for delivery time and
rest 30 days for printing. On the 25th
day itself the re-order is made. The
re-order is done in a sequence of steps wherein first the concerned
department sends an intimation mail to the operations notifying the
need of raw materials. The flow charts explain the process:
9. 9
In the indenting part the department that requires the inventory does
an indenting for procurement of raw material. The purchase order
includes the cost, delivery time, quantity, warranty and specific item’s
norms if any. The lead time of different items differs on the basis of the
norms of specific industry. Like for ink it has to be 15 days no matter
what the norms of the vendor are. Sometimes the management
decides upon the lead time, cost and wastage itself depending upon
certain factors for example profit margin, competition etc.
A level of safety stock is also maintained to avoid any kind of
mishappening or emergency that might occur in future. Jagran
Prakashan follows a Fixed-Order quantity model with safety stock in
hand.
After the vendor’s intimation the following steps are taken to regulate
inventory:
10. 10
After the order has been received it goes through the verification
process. A GRN (Goods Receipt Note) entry is done and the order
directly goes into the stock wherein it gets add up to the existing stock.
The department in need of the raw material has to again make intent to
the material house regarding the issue of stock and after the billing,
approval and payment the stock allotted is deducted from the added
one.
Order quantity depends on the requirement of the department in need
and the agreement made with the client. Jagran Prakashan deploys
First in first out (FIFO) concept while managing the inventory depending
upon the expiry of the item.
11. 11
MATERIAL REQUIREMENT PLANNING
MRP is the logic for determining the number of parts, components, and
material needed to produce a product. It also provides the schedule
specifying when each of the items should be ordered or produced. MRP
is based on dependent demand which is required for the demand for
the independent demand items.
MRP is most valuable in such industries wherein the numbers of
products are made in batches using the same productive equipment.
MRP system consists of three components or steps:
1. Master Production Scheduling
2. Bills of Material; Product Structure
3. Inventory Records
Master Production Scheduling: It must specify that exactly what is to
be produced. It is a time phased plan that tells how many and when the
firm plans to build each end items.
Bills of Material: It contains the complete product description, listing
the materials and components as well as the quantity of each item and
also the sequence in which the end item is to be created. Bills of
Material are often called the product structure file or product tree
because it shows how a product is put together. It consists of
information to identify each item and the quantity used per unit of the
item of which it is a part.
Inventory Records: It shows the variety of information contained in the
inventory records. The MRP programs access the status segment of the
record according to specific time periods.
12. 12
The inventory status file is to be kept up-to-date in order to avoid an
confusion and losses.
The MRP process is process is as follows:
The requirement for level 0 items are retrieved from the master
schedule. These requirements are termed as Gross Requirements.
The program uses the current on-hand balance together with the
schedule of orders that will be received in future to calculate the Net
Requirements.
Net Requirement is the amounts that are needed in the future.
Using net requirements, the program calculates when orders should
be received to meet these requirements. This schedule of decide
when order should arrive is referred to as planned order receipts.
A schedule is to be find out when orders are actually released on the
basis of the lead time. The schedule is known as planned order
release.
In such a way from 0 levels to all the high levels items in Bills of
Material are treated.
Now explaining the MRP program in context to the company selected
by us i.e., Jagran Prakashan Ltd.
The master production schedule of JPL is created on the basis of the
agreement made between the firm and their agents, hawkers and other
firms. The agreement for newspapers and supplements are done on
regular basis. It is a printing house which runs 24 hours. After 6:00 pm
every day the produced newspaper’s shelf life becomes nil. The agent
of such industry gives an order for the very next day on the regular
basis and thus it is completely based on demand and supply
phenomenon.
13. 13
When it comes to Bills of Material, it does not consist of many levels as
the end item majorly includes fixed equipments and other variables are
completely consumable.
Newspaper printing is a process and thus it does not include much of
the levels in its Bills of Material. The paper used and the dimensions are
customized to the folder size that can be printed. The amount of ink
used also depends on the content to be printed on the paper. The
demand for ink will depend upon the pages that are supposed to be
printed and on the estimate of grams ink used in a single page.
Last but not the least is the Inventory records of the raw material which
has been explained earlier in the inventory management part. The
Material department keeps a complete check on the warehouses and
the level of inventory there. The warehouse of JPL Noida sector 63 is
located at Noida, sector 68. The Material department is kept up-to date
about the inventory level. Any requirement from any department, in
any at any time has to be given to the Material department and the
Material department will thus issue the stock to the same department.
NEWSPAPER
INK ALUMINIUM PLATEPAPER
14. 14
MRP enables and help JPL to avoid any delays and thus losses which
may occur because of shortage of raw material. Such a loss and
ignorance a print industry cannot afford because of high competition
and it is a 24 hours running industry and thus have to have a good level
of inventory all along.
There is no inventory that is held for the finished goods as earlier
explain that the shelf life of the product (newspaper) becomes nil after
6:00 pm. If in case any stock is left then it is sold off as scrap.
TOTAL QUALITY MANAGEMENT
Total Quality Management is a comprehensive and structured
approach to organisational management that seeks to improve the
quality of products and services through ongoing refinements in
response to continuous feedback. TQM has two fundamental
operational goals,viz.:
1. Careful design of the product or service
2. Ensuring that the organization’s systems can consistently produce
the design.
Jagran Prakashan Ltd follow ISO when there is audit in the company
related to their organization’s system or designing of product or service
of the newspapers. They have a proper systemized designing of the
printing of newspaper.
The unsold newspapers which are returned back are recycled back for
further use. They have only 5% wastage as papers are of vital use for
every human being. So there is less wastage of newspaper in the
industry. Wastage in the newspaper industry is of five types: the cover,
newspaper core in which the paper is rolled, when any paper during
15. 15
manufacturing process has got cut in it, during hot and cold run of the
machine(during cold run the paper comes out white which is again
recycled for future) and during circulation of paper.
Distribution Structure:
Jagran
PrakashanLtd
Printing
press
Depots Clients
Vendors Vendors
Beat boys Newspaper
strands
Beat boys Newspaper
starnds
Customers
16. 16
LEARNINGS
By this project of Operations Management we got the opportunity
to visit the production house of Dainik Jagran which was located
in Noida Sector-63.
There we learnt how the concepts of Operations Management are
actually applied in an organization.
We are very thankful to our faculty Prof. Sonali Singh and Mr.
Nitish Shukla who helped us to learn many new things.