Introduction, Functions withinbusiness organizations, the operation management function, Classification ofproduction systems, Productivity, factors affecting productivity,contemporary issues and development
The decision process, characteristics of operationsdecisions, use of models, decision making environments, graphical linearprogramming, analysis and trade-offs.
Steps in forecasting process, approaches to forecasting, forecasts based on judgment and opinion, analysis of time series data, accuracy and control of forecasts, choosing a forecasting technique, elements of a good forecast,
Importance of capacity decisions, defining and measuring capacity, determinants of effective capacity, determining capacity requirement, developing capacity alternatives, evaluating alternatives, Need for location decisions, nature of locations decisions, general procedure for making locations decisions, evaluating locations decisions, facilities layout – need for layout decisions, types of processing.
Aggregate planning – Nature and scope of aggregate planning, strategies of aggregate planning, techniques for aggregate planning – graphical and charting techniques, mathematical techniques. The master production schedule, Master scheduling process, Master scheduling methods.
Types of Inventories, independent and dependent demand, reasons for holding inventory, objectives of inventory control, requirements for effective inventory management – information, cost, priority system. Inventory control and economic-order-quantity models.
Dependent versus independent demand, an overview of MRP – MRP inputs and outputs, MRP processing, An overview of MRP-II and ERP capacity requirement planning, benefits and limitations of MRP.
Introduction, Importance of purchasing and SCM, The procurement process, Concept of tenders, Approaches to SCM, Vendor development, Measures of purchasing and SCM, Make or buy decision, Types of buying, E-procurement.