Operations – NBC Institute

MI – Nov 2020 – L1 – SA – Q1 – Forecasting Techniques

The question asks to calculate the Economic Order Quantity (EOQ) based on holding costs, ordering costs, and annual demand.

Question

A company uses 40,000 units of an item per annum. It is recorded that the holding costs are N4 per annum and the ordering cost is N50 per order. The Economic order Quantity is:

A. 2,500
B. 1,500
C. 1,000
D. 800
E. 500

Answer

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Tags: Cost Management, Decision Making, EOQ, Forecasting Techniques, Inventory Management, Operations
Level: Level 1

Topic: Forecasting Techniques
Series: NOV 2020

Question Title: BMIS – Nov 2019 – L1 – Q5a – Factors in Developing a Good Layout

Discuss the factors an organization should consider in developing a good layout

Question

The layout of an operation or process means how resources are positioned relative to each other,
how various tasks are allocated to these resources, and the general appearance of the resources.
Together these three decisions will dictate the pattern and nature of how transformed resources
progress through the operation or process. If the layout proves wrong, it can lead to over-long
or confused flow patterns, customer queues in an organization, long process times, inflexible
operations, unpredictable flow, high costs and a poor response for whoever is within the
operation, whether they are customers or staff.

Required

Explain FOUR (4) factors an organization should consider in such a layout. (10 marks)

Answer

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Tags: ayout, Delays, Flexibility, Flow, Operations, Resources, Safety, Security, Space
Level: Level 1

Topic: Operations strategy
Series: NOV 2019

BMIS – Nov 2019 – L1 – Q5b – Methods of Plant Layout

Explain methods of plant layout in an organization, including fixed-position, process, and line layouts.

Question

b) Explain the following methods of plant layout in an organization:
i) Fixed position
ii) Process
iii) Product (10 marks)

Answer

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Tags: Fixed-position, Line Layout, Operations, Plant Layout, Process Layout, Product Flow, Resources
Level: Level 1

Topic: Operations strategy
Series: NOV 2019

SCS – May 2021 – L3 – Q5 – Strategy Implementation

Summarize Bismark’s consultancy work in the specified format to present to SBL’s board.

Question

Bismark’s four months consultancy service contract was running out of time with so much yet to be done. He then contracted you as a Consultancy Business Support Advisor to summarize his work to enable him to meet with the Directors of SBL. He provided you with the following format to use to ensure that all issues reviewed are covered:
i. Title page
ii. Table of contents
iii. Introduction
iv. Executive Summary
v. Body of the report
• Business environment analysis
• Industry background
• Competitor analysis
• Market analysis
• Operations analysis
• Management summary
• Financial performance
vi. Conclusions and recommendations
(20 marks)

Answer

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Tags: Business Environment Analysis, Competitor Analysis, Financial Performance, Market Analysis, Operations
Level: Level 3

Topic: Strategy implementation
Series: MAY 2021

BMIS – May 2017 – L1 – Q2b – Operations strategy

Outline the five stages in the development of a product or service.

Question

b) Knowing where your products or services are in their development cycle will help you determine refinements or adjustments you may need to make to align them with the vision and strategy you have already developed.

Required:
Outline the FIVE stages that are often followed in the development of a product and service. (5 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Business Strategy, Operations, Product Development
Level: Level 1

Topic: Operations strategy
Series: MAY 2017

MI – Nov 2020 – L1 – SA – Q1 – Forecasting Techniques

The question asks to calculate the Economic Order Quantity (EOQ) based on holding costs, ordering costs, and annual demand.

Question

A company uses 40,000 units of an item per annum. It is recorded that the holding costs are N4 per annum and the ordering cost is N50 per order. The Economic order Quantity is:

A. 2,500
B. 1,500
C. 1,000
D. 800
E. 500

Answer

Find Related Questions by Tags, levels, etc.

Tags: Cost Management, Decision Making, EOQ, Forecasting Techniques, Inventory Management, Operations
Level: Level 1

Topic: Forecasting Techniques
Series: NOV 2020

Question Title: BMIS – Nov 2019 – L1 – Q5a – Factors in Developing a Good Layout

Discuss the factors an organization should consider in developing a good layout

Question

Required

Explain FOUR (4) factors an organization should consider in such a layout. (10 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: ayout, Delays, Flexibility, Flow, Operations, Resources, Safety, Security, Space
Level: Level 1

Topic: Operations strategy
Series: NOV 2019

BMIS – Nov 2019 – L1 – Q5b – Methods of Plant Layout

Explain methods of plant layout in an organization, including fixed-position, process, and line layouts.

Question

b) Explain the following methods of plant layout in an organization:
i) Fixed position
ii) Process
iii) Product (10 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Fixed-position, Line Layout, Operations, Plant Layout, Process Layout, Product Flow, Resources
Level: Level 1

Topic: Operations strategy
Series: NOV 2019

SCS – May 2021 – L3 – Q5 – Strategy Implementation

Summarize Bismark’s consultancy work in the specified format to present to SBL’s board.

Question

Answer

Find Related Questions by Tags, levels, etc.

Tags: Business Environment Analysis, Competitor Analysis, Financial Performance, Market Analysis, Operations
Level: Level 3

Topic: Strategy implementation
Series: MAY 2021

BMIS – May 2017 – L1 – Q2b – Operations strategy

Outline the five stages in the development of a product or service.

Question

Required:
Outline the FIVE stages that are often followed in the development of a product and service. (5 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Business Strategy, Operations, Product Development
Level: Level 1

Topic: Operations strategy
Series: MAY 2017

Question Tag: Operations

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MI – Nov 2020 – L1 – SA – Q1 – Forecasting Techniques

The question asks to calculate the Economic Order Quantity (EOQ) based on holding costs, ordering costs, and annual demand.

Question Title: BMIS – Nov 2019 – L1 – Q5a – Factors in Developing a Good Layout

Discuss the factors an organization should consider in developing a good layout

BMIS – Nov 2019 – L1 – Q5b – Methods of Plant Layout

Explain methods of plant layout in an organization, including fixed-position, process, and line layouts.

SCS – May 2021 – L3 – Q5 – Strategy Implementation

Summarize Bismark’s consultancy work in the specified format to present to SBL’s board.

BMIS – May 2017 – L1 – Q2b – Operations strategy

Outline the five stages in the development of a product or service.

MI – Nov 2020 – L1 – SA – Q1 – Forecasting Techniques

The question asks to calculate the Economic Order Quantity (EOQ) based on holding costs, ordering costs, and annual demand.

Question Title: BMIS – Nov 2019 – L1 – Q5a – Factors in Developing a Good Layout

Discuss the factors an organization should consider in developing a good layout

BMIS – Nov 2019 – L1 – Q5b – Methods of Plant Layout

Explain methods of plant layout in an organization, including fixed-position, process, and line layouts.

SCS – May 2021 – L3 – Q5 – Strategy Implementation

Summarize Bismark’s consultancy work in the specified format to present to SBL’s board.

BMIS – May 2017 – L1 – Q2b – Operations strategy

Outline the five stages in the development of a product or service.

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MI – Nov 2020 – L1 – SA – Q1 – Forecasting Techniques

The question asks to calculate the Economic Order Quantity (EOQ) based on holding costs, ordering costs, and annual demand.

You're reporting an error for "MI – Nov 2020 – L1 – SA – Q1 – Forecasting Techniques"

Question Title: BMIS – Nov 2019 – L1 – Q5a – Factors in Developing a Good Layout

Discuss the factors an organization should consider in developing a good layout

You're reporting an error for "Question Title: BMIS – Nov 2019 – L1 – Q5a – Factors in Developing a Good Layout"

BMIS – Nov 2019 – L1 – Q5b – Methods of Plant Layout

Explain methods of plant layout in an organization, including fixed-position, process, and line layouts.

You're reporting an error for "BMIS – Nov 2019 – L1 – Q5b – Methods of Plant Layout"

SCS – May 2021 – L3 – Q5 – Strategy Implementation

Summarize Bismark’s consultancy work in the specified format to present to SBL’s board.

You're reporting an error for "SCS – May 2021 – L3 – Q5 – Strategy Implementation"

BMIS – May 2017 – L1 – Q2b – Operations strategy

Outline the five stages in the development of a product or service.

You're reporting an error for "BMIS – May 2017 – L1 – Q2b – Operations strategy"

MI – Nov 2020 – L1 – SA – Q1 – Forecasting Techniques

The question asks to calculate the Economic Order Quantity (EOQ) based on holding costs, ordering costs, and annual demand.

You're reporting an error for "MI – Nov 2020 – L1 – SA – Q1 – Forecasting Techniques"

Question Title: BMIS – Nov 2019 – L1 – Q5a – Factors in Developing a Good Layout

Discuss the factors an organization should consider in developing a good layout

You're reporting an error for "Question Title: BMIS – Nov 2019 – L1 – Q5a – Factors in Developing a Good Layout"

BMIS – Nov 2019 – L1 – Q5b – Methods of Plant Layout

Explain methods of plant layout in an organization, including fixed-position, process, and line layouts.

You're reporting an error for "BMIS – Nov 2019 – L1 – Q5b – Methods of Plant Layout"

SCS – May 2021 – L3 – Q5 – Strategy Implementation

Summarize Bismark’s consultancy work in the specified format to present to SBL’s board.

You're reporting an error for "SCS – May 2021 – L3 – Q5 – Strategy Implementation"

BMIS – May 2017 – L1 – Q2b – Operations strategy

Outline the five stages in the development of a product or service.

You're reporting an error for "BMIS – May 2017 – L1 – Q2b – Operations strategy"

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