1. Look at the following situation in a particular company: A2U PLC has the policy to launch a new product just before others do which must be backed with the how to produce concern. The company employs preventive maintenance technique for maintaining the reliability of machineries. There is a timetable showing which items are to be produced in what quantity and when to produce them. Statistical quality control tools were used to determine whether products meet customer requirements or not. The company is looking at the whole system for the improvement of product quality. There is a need to maintain about 15% of finished goods in the store for meeting emergency needs. How to arrange the production facilities of the company is another critical issue to be considered in the company just after where to place the production facilities is appropriately addressed. The company also pursues a strategy for the arrival of raw materials just when they are needed to reduce wastages. Based on the case in hand:
a) What specific Production/Operations Management issue is raised in the case?
b) Based on information given in each statement, categorize the components of this specific OM issue in terms of broad areas being covered in it supplemented with examples