7/27/2019 Ravindu Testopc
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Ravindu C 34 Test 3
Q.1)
Group Technology : Group technology is the manufacturing
technique where the parts which
have similar shapes or design , the process and the functions
are assembled together.
It is based on the principle that similar problems have a same
solution which indirectly saves
time and efforts.
Demand Forecasting : Demand forecasting is the activity of
estimating the demand of the
market.
This involves two types of technique. First is the qualitative
technique and the other one is
the quantitative techniques.
The qualitative techniques include the guesses and it is done
informally. Methods involved in
this technique are Delphi technique where experts views are
taken individually. Other methods
are game theory and market prediction.
The quantitative techniques include various time series methods
like moving average method ,
exponential smoothing method etc
Q.2)
Importance of production planning and control :
Production planning and control is necessary for any
organization for achieving higher
productivity efficiently. As compared to manufacturing industry
the function of Production
