Introduction, Historical Development, Operations Management Definition, Production and Manufacturing Systems, Products v/s Services, Productivity, Factors affecting Productivity, International Dimensions of Productivity, The environment of operations, Operational excellence and world class manufacturing practices.
Introduction, Characteristics of decisions, framework for Decision Making, Decision methodology, Decision supports systems, Economic models, Statistical models.
Design capacity, System capacity, and Determination of Equipment requirement. Facility Location and Facility Layout, Location Planning for Goods and Services, Foreign locations and facility layout.
Forecasting Objectives and Uses, Forecasting Variables, Opinion and Judgmental methods, Time Series methods, Exponential smoothing, Regression and Correlation methods, Application and Control of Forecasts.
Introduction, Planning and Scheduling, Objectives of Aggregate Planning, Aggregate Planning Methods, Master Scheduling Objectives, Master Scheduling Methods.
Definition and Need, Components Inventory, inventory control. Scope of Materials Management, Material handling, storage and retrieval, purpose of inventories, Dependent and Independent demand, Inventory cost and Order quantities, Inventory classification and counting
Overview: MRP and CRP, MRP: Underlying Concepts, System Parameters, MRP Logic, System refinements, Capacity Management, CRP activities. Concept of continuous improvement of process.
Purchase and supply chain management- Approaches to purchase and supply chain management, make or buy decision, e-Procurement, Vender development, rating, and certification.