Business Communication for NMIMS

Operations Management NMIMS Solution
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1. What are various decision criteria for deciding a location for a business setup? Explain these decision criteria with reference to a location decision for setting up a textile manufacturing plant.
2. Define and explain the term ‘Operations Management’. Explain the role of an Operations Manager in handling Customers and Suppliers in a Supply Chain. Give relevant examples from a Retail Store Operation.
3. Many business organizations have operations in which inventory management is a daily and constant process. Managing a Restaurant is one such business, wherein the procurement and managing various inventory is a very strategic process. Explain the following concepts (with atleast one example) in Operations of a Restaurant business, and conclude how relevant is it in the business?
a. Economic Ordered Quantity (EOQ) (5 Marks)
b. Vendor Managed Inventory (VMI) (5 Marks) 

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