Explain the meaning of productivity, work out Single and Total Factor Productivity-TFP. Conclude if the organization sustains competitive operational advantage.
2. Explain the concept of ERP & MRP in the modern context and the importance of information technology for operation management.
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3. Discuss the concept of Inventory Management, ABC classifications, advantages and disadvantages. (Selected organization will add value to the answer).
4. Draw and briefly explain project management life cycle.