Providing the right information to the right people at the right time to make better decisions about every aspect of manufacturing, including advanced planning, production capacity analysis, work-in-process (wip), inventory turns and standard lead times managing all of the various interdependencies of production to simplify. Key factors of a production plan effective planning hinges on a sound understanding of key activities that entrepreneurs and business managers should apply to the planning process inventory control reliable inventory levels feeding the pipeline have to be established and a sound inventory system should be in place. The course is targeted toward engineering students planning careers in technical consulting, business analysis in operations, logistics, supply-chain and revenue- management functions, positions in general management and future entrepreneurs the course will cover inventory management and production planning. Streamlining the planning process for more efficient operations, syspro requirements planning uses projected demand and supply to assist you in planning and creating realistic production, purchasing and supply transfer schedules it also identifies capacity constraints and maintains optimal stock. Description this course examines the functional area of production and operations management as practised in the manufacturing industry the course includes decision-making, capacity planning, aggregate planning, forecasting, inventory management, distribution planning, materials requirements planning ( mrp),. Is to describe the need, application, and value of using it software solutions to manage production, material, and can be improved that result in improved capacity utilization, lower cost of manufacturing, reduced inventory, and lower cost in the figure below, the production process is illustrated from planning to shipment.
Seminars & workshops are held periodically on topics of operations management and production and inventory control concepts, and strategies related to demand management, procurement and supplier planning, material requirements planning, capacity requirements planning, sales and operations planning, master. Scientific management time study and work study developed dividing planning and doing of work frederick w taylor 1900 motion of study of jobs frank b gilbreth 1901 scheduling techniques for employees, machines jobs in manufacturing henry l gantt 1915 economic lot sizes for inventory control fw harris. Accurate demand forecast has always been a major puzzle in supply chain management an industrial survey conducted recently (chase 2013) suggests that the top focus area to use analytics and big data is improving demand forecasting and planning despite the.
31 inventory and transportation management on specific fields as has been pointed out in the previous section, the operations research on logistics management still mainly focuses on the traditional domain, that is, the inventory ( including production planning) and transportation management however. Key issues of production planning understanding the behavior of a process, finding bottlenecks, reducing work-in-process inventories, developing optimal scheduling, forming operation management is involved to supply product or service of the organization in connection with other functions like finance and marketing.
As in many areas of business, choosing the best operations management technique making trade-offs mrp allows for an extraordinary degree of advance planning for medium-inventory, mass-production companies but at a cost in flexibility and informality kanban keeps inventory costs down and involves employees but. This study investigates how process choice relates to production planning and inventory control decisions we empirically examine the validity of deductively derived patterns about these types of decisions more importantly, we look for normative insights by exploring how production planning and inventory control decisions. Pom 510 operations and supply chain management 20 credits this course is an introduction to some selected topics in the field of production and operations management it covers process analysis, quality management, queueing and capacity management, lean operations, inventory management, aggregate planning.
The certified production and inventory management (cpim) program provides essential concepts and strategies related to demand management, procurement and supplier planning, material requirements planning, capacity requirements planning, sales and operations planning, master scheduling, performance. A critical function of operations management relates to the management of inventory through the supply chain operations management understands local and global trends, customer demand and the available resources for production operations management approaches the acquisition of materials and use of labor in a. Related activities include managing purchases, inventory control, quality control, storage, logistics and evaluations of processes american production and inventory control society enterprise resource planning refers to using a software application to integrate multiple internal and external functions of a business.
Some methods for the planning and control of industrial operations are still in use today and have considered basic methods, such as the economic order quantity ( eoq) model for optimal purchasing and manufacturing ordering decisions (harris. Decision systems for inventory management and production planning (wiley series in production/operations management) [edward a silver, rein peterson] on amazoncom free shipping on qualifying offers an in-depth discussion of the major decisions in production planning, scheduling, and inventory management. Examines problems encountered in planning, operating, and controlling production of goods and services topics include: waiting-line management, quality assurance, production systems, project management, and inventory management computer and quantitative models used in formulating managerial problems. From the 1950's and 1960's, it formed a separate discipline, besides bringing other concepts, such as taylorism, production planning, or inventory control, to life as the economies in the developed world were gradually shifting to be service-based, all the corporate functions, including product management,.