OpERATIoNs MANAgEMENT & sTRATEgIc MANAgEMENT …
syllabus - 2016
9 INTERMEDIATE : paper -
Operations Management & strategic management
study notes
INTERMEDIATE
The Institute of Cost Accountants of India CMA Bhawan, 12, Sudder Street, Kolkata - 700 016
First Edition : August 2016
Published by : Directorate of Studies The Institute of Cost Accountants of India (ICAI) CMA Bhawan, 12, Sudder Street, Kolkata - 700 016 icmai.in
Printed at :
Copyright of these Study Notes is reserved by the Institute of Cost Accountants of India and prior permission from the Institute is necessary
for reproduction of the whole or any part thereof.
Syllabus - 2016
Paper 9: Operations Management & strategic management (OMSM) Syllabus Structure The syllabus comprises the following topics and study weightage:
A Operations Management B Strategic Management
70% 30%
B 30%
A 70%
ASSESSMENT STRATEGY There will be written examination paper of three hours.
OBJECTIVE
To provide an in depth study of the various business process, analyze operations, production planning and strategic management.
Learning Aims
The syllabus aims to test the student's ability to: Understand the business process and analyze the operations Acquire knowledge of production planning and resource management Understand the concept of Corporate Vision - Mission and Objectives Understand the concept of SWOT and Portfolio Analysis Understand the different stages in strategy formulation process Understand the concept of Strategic Business Unit and Business Process re-enginnering
Skill Set required Level B: Requiring the skill levels of knowledge, comprehension, application and analysis.
Section A : Operations Management 1. Operations Management ? Introduction 2. Operations Planning 3. Designing of Operational Systems and control 4. Production Planning and control 5. Productivity management and quality management 6. Project Management 7. Economics of Maintenance and Spares management Section B : Information Systems 8. Strategic Management Introduction 9. Strategic Analysis and Strategic Planning 10. Formulation and Implementation of Strategy
70% 30%
Section A: Operations Management [70 marks] 1.Operation Management Introduction:
Scope characteristics of modern operations functions - recent trends in production / operations management. 2.Operations Planning:
Demand forecasting ? capacity planning - capacity requirement planning - facility location - facility layout ? Resource aggregate planning ? Material requirements planning ? Manufacturing resource planning ? Economic Batch quantity. 3. Designing of operational systems and control: Product Design, Process design - Selection - Product Life Cycle ? Process Planning ? Process Selection. 4.Production planning and Control: Introduction ? Control Measures ? Time study, Work study, Method study, Job Evaluation, Job Allocation (Assignment Technique), Scheduling Queuing Models, Simulation and Line Balancing ? Optimum Allocation of resources ? Lean Operations ? JIT ? Transportation Model and Linear Programming Technique (Formulation of equations only). 5.Productivity Management and Quality Management: Measurement techniques of productivity index, productivity of employee, productivity of materials, productivity of management resources, productivity of other factors ? productivity improving methods ? TQM basic tools and certification ? ISO standards basics. 6.Project Management: Project planning ? project life cycle ? Gantt charts, PERT and CPM. 7. Economics of Maintenance and Spares Management: Break down Maintenance ? Preventive Maintenance ? Routine Maintenance ? Replacement of Machine ? Spare Parts Management.
Section B: Strategic Manangement [30 marks] 8.Strategic Management Introduction
Vision- Mission and objective 9.Strategic Analysis and Strategic Planning
Situational Analysis ?SWOT Analysis ? Portfolio Analysis ? BCG Matrices ? Stages in Strategic Planning ? Alternatives in Strategic Planning 10. Formulation and Implementation of Strategy: Strategy formulation function wise (Production Strategy, Marketing Strategy, Man Power Strategy) ? Structuring of Organisation for implementation of strategy ? Strategic Business Unit ? Business Process re-engineering.
Contents
Study Note 1 : Operation Management ? Introduction
1.1
Operations Management - Introduction
1
1.2
Production Management vs. Operation Management
3
1.3
Characteristic of Modern Operation Function
4
1.4
Recent Trends in Production / Operations Management
4
Study Note 2 : Operations Planning
2.1
Demand Forecasting
7
2.2
Capacity Planning
15
2.3
Capacity Requirement
17
2.4
Facility Location
21
2.5
Facility Layout
24
2.6
Resource Aggregate Planning
33
2.7
Material Requirements Planning
36
2.8
Manufacturing Resource Planning
37
2.9
Enterprise Resource Planning
38
2.10
Economic Batch Quantity
38
Study Note 3 : Designing of Operational System and Control
3.1
Production Design
45
3.2
Process Design & Selection
48
3.3
Process Planning
48
3.4
Product Life Cycle
50
3.5
Process Selection
51
Study Note 4 : Production Planning and Control
4.1
Production Planning and Control Introduction
53
4.2
Time Study, Work Study, Method Study & Job Evaluation
56
4.3
Job Allocation ? Assignment Technique
59
4.4
Scheduling
68
4.5
Queuing Models
73
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