1. Explain the meaning of productivity, work out Single and

1. 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 ofinformation technology for operation management.3. Discuss the concept of Inventory Management, ABC classifications, advantages anddisadvantages. (Selected organization will add value to the answer).4. Draw and briefly explain project management life cycle