Planning & Control of Planning - AOP - Simple Moving Average Method of Demand Forecasting - Metro - Wal-Mart Stores`s Case Study Assessment Answer

Assessment Task:

Q 1. Briefly explain the following terms 
MOS
AOP
BOM
MPS
MAPE
MRP
Q 2. In AOP, briefly explain the various Alternatives for managing Demand and Supply? 
OR
Q 3. (a) Explain the Simple Moving Average Method of Demand forecasting and how does it differ from the Weighted Moving Average Method. 
(b) In the Table below fill in the Forecast from April onwards considering 3 months as the period using the Simple Moving Average Method. 

WORLD-CLASS MANUFACTURING
(Toyota Production Systems  & Theory of Constraints)

PROJECT MANAGEMENT
Prepare a detailed strategic map for the project “METRO” for students. Consider preparation of SWOT, financial budget, activity scheduling and implementation strategy. Use Pune to Wadki as a hypothetical route. 

MANUFACTURE RESOURCE PLANNING
A travel agency attends to various travel requirements of its clients. They work six days a week and are open between 9.30 am and 6.00 pm. They have a lunch break between 1.30 to 2.30 pm. Typically, servicing a client requirement takes about 22 minutes. There are 5 travel consultants currently employed. There is 10% absenteeism of employees.
If they receive requests at the rate of 8 per hour, what is the utilization of the service consultants?
They want to expand their operations so that they can handle 100 requests pr day. They would also like to work with a target utilization of 80%. Identify the number of travel consultants to be employed under the following conditions:
No changes in the current operating conditions.
Lunch break is reduced to 30 mins only. They work one more hour, i.e, 9.00 am to 6.30 pm. Process improvements required to bring down the average service time to 20 mins per client.

Case Study. Wal-Mart Stores, USA.
In 1962, Sam Walton & his brother opened the first Wal-Mart store in Rogers (Arkansas), USA; and generated $1 million in sales in the first year itself. In a span of 5 years, it notched up sales of $12.6 million.
In 1969, Wal-Mart was incorporated as a company under the name Wal-Mart Stores Inc. Since then, the company has grown multifold to be ranked as No.31 in the Fortune’s500 list in 2002. It is the world’s largest retailer and has spread in the foreign markets too.
Wal-Mart has been facing stiff competition from K-Mart, Tesco, Target etc. and realizing its inability to compete alone has globally entered into tie-ups with various local firms in the foreign markets. By 2003, Wal-Mart was the largest retailer in Mexico, Argentina, Canada, Puerto Rico and amongst the top 3 in U.K. It followed the Joint venture, Acquisition or Greenfield operations route to achieve this status.
However, all was not rosy for Wal-Mart. With its excessive focus on cost, it earned a reputation for being not a good employer. It also earned bad name for pressuring suppliers beyond limits. Wal-Mart’s German strategy was floundering. It could not make any significant impact on the retail industry and was running into losses.
In 2006, Wal-Mart ventured into the Indian market as JV partner of Bharati, the Indian Telecom giant. Riding on the euphoria of over 9% GDP growth rate, booming stock markets, rising disposable incomes, changing lifestyles, the IT, ITES led industries, and a general feel-good feeling India has caught the attention of many local and global firms. With organized retail amounting to a meagre 2% of the retail industry, analysts believe that sky is the limit for retail.
However, there remain certain grey areas. Real estate prices are sky-rocketing every day. The national government has slapped taxes on the lending of commercial space. Being critically supported by left parties, the Central Government cannot afford to overlook their opposition to organized retail in general and foreign firms in particular. The Indian consumer is notoriously hard to satisfy and is both very traditional and global in outlook at the same time.
Other organized players like Tatas, Reliance, ITC, Godrej, etc are also sprucing up their efforts to attract the Indian customer. Some are even occupying the ‘every day-low prices’ positioning the right way. Social concerns about the impact of organized retail on traditional stores, small shops, farmers, suppliers, commodity prices and the society at large are increasing. The voices are getting shriller by the day.
Bharati, is believed to have entered into the tie-up with Wal-Mart on an equal footing & Wal-Mart has to extend its expertise in the supply chain management domain and Bharati is to take care of the front end. It is not very clear whether the Wal-Mart brand name will be used.
Questions:
1. Carry out an ETOP  & SAP for the Bharati-Wal-Mart joint venture.
2. Do you think Wal-Mart will succeed in India? Why or Why not?

ENTERPRISE PERFORMANCE MANAGEMENT
Q.1- Download financial statements of any company and measure its financial performance using, RoI, RA, RI. Also, indicate the suitability of non-financial performance measure for a non-profit organization.

STARTUP AND NEW VENTURE MANAGEMENT
1. How important is the role of Government in promoting Entrepreneurship? Support your answer with an example.
2. What do you understand by the MSME policy and also explain which type of agencies are formulating these policies?
3. Describe the concept of venture capital with specific reference to the entrepreneur.

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