PRODUCTION AND INVENTORY THEORY
- Course
- EMNT514 - PRODUCTION AND INVENTORY THEORY
- Department
- Engineering Management - English - Master
- Course Type
- Course
- Status
- Required
- Language
- English
- Credit
- 3
- ECTS
- 0
- T+P+L
- 3 + 0 + 0
- Course Coordinator(s)
- -
- Prerequisite
- -
- Keywords
- -
Course Description
Surveys the design, development, implementation and management of production planning systems, including master production scheduling, aggregate planning, material requirements planning, capacity and inventory planning and production activity control. Students will be exposed to contemporary approaches such as just-in time, theory of constraints and the relationship of enterprise-level planning and control systems to the overall materials flow. Students will be able to articulate and apply the following tools and practices of production planning and inventory control: The elements, processes, and technologies comprising the field of Manufacturing Planning and Control (MPC), Demand management theories and techniques – forecasting, CPFR, Sales and Operations Planning process in the firm, Enterprise Resource Planning (ERP) – How MPS decisions are supported by ERP, Supply chain inventory management – independent demand items, Using a Material Requirement Planning system.
PRODUCTION AND INVENTORY THEORY
Evaluation Tools (Active Term)
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Course outcomes
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Course Syllabus
| Week | Topic |
|---|---|
| Week 1 | ABC Analysis |
| Week 2 | Aggregate Production Planning |
| Week 3 | Introduction to Production Planning |
| Week 4 | Economic order quantity |
| Week 5 | Economic order quantity |
| Week 6 | Stochastic Application EOQ |
| Week 7 | Stochastic Application EOQ |
| Week 8 | - |
| Week 9 | Forecasting Techniques for Demand |
| Week 10 | Forecasting Techniques for Demand |
| Week 11 | Forecasting Techniques for Demand |
| Week 12 | EPQ Analysis |
| Week 13 | Project Presentations-EOQ |
| Week 14 | Project Presentations-EPQ |
| Week 15 | Project Presentations-Stochastic Ordering |
Reference Books & Course Materials
- 01 Production Planning and Inventory Control, Seetharama L. Narasimhan, Dennis W. McLeavey
Learning Outcomes
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Program Outcomes
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