Wednesday, April 28, 2010

How to Approach GD in MFM- The Production Paradigm

How to Approach GD in MFM-  The Production Approach

This approach is more applicable for the students preparing for the M.F.Tech Course. However, the cases can be asked in MFM too. Again let me first discuss a brief theory:

Any production situation is characterized and judged by broadly four parameters:

1. Quantity
2. Quality
3. Cost
4. Delivery

Which means that these four ( Double Q, C,D) can become levers for you to initiate, contribute and conclude any discussion based on these. Let me tell you a typical situation:

You are the CEO of an apparel manufacturing company. How will you beat manufacturer from say, Bangladesh.

Here the parameters for you to evaluate are Quantity, Quality Cost and Delivery. Thus can we give the right quantity with the quality delivered at the right cost and within the time asked by the client. The whole discussion can revolve around the levers. 

Hope this will take care of at least 20% of the discussion topics asked in MFM.

Cheers !!!

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