PRODUCTION PLANNING AND INVENTORY CONTROL (4/2 Credits)

Learning Outcomes:

On successful completion of this course, student will be able to: Explain the hierarchy of production planning and inventory control decisions from long term planning to real-time batch control; Analyze key factors in various condition and select appropriate forecasting models to predict future demand; Create material plan for an MPS (Master Production Schedule), including understanding of MRP (Material Requirement Planning) system, inventory allocation and SCM (Supply Chain Management).

Topics:

1. Forecasting Models;
2. Aggregate Planning; Master Production Schedule;
3. Inventory Management;
4. Transportation Models;
5. Material Requirement Planning;
6. Capacity Planning;
7. Lean Production System;
8. JIT and Kanban System;
9. Supply Chain Management;
10. Scheduling and Sequencing;
11. Flexible Manufacturing System.