INDUSTDY 4950 Production Planning and Control
|Course Number:||INDUSTDY 4950|
|Course Name:||Production Planning and Control|
|Course Description:||An investigation and study of the current approach of effective management practices associated with production planning, scheduling, and control. Operations strategy, quality of work life, global competition, lean manufacturing, forecasting methods, supply chain management practices, scheduling and plant facilities layout are stressed.|
|Prerequisites:||INDUSTDY 1030 OR BUSADMIN 2330 OR Consent of Instructor|
- Understand the role of operations management in the overall business strategy of the firm.
- Understand the interdependence of the operating system with other key functional areas of the firm.
- Recall the history and trends of operations management and lean methods.
- To understand the application of operations management policies and techniques to the service sector as well as manufacturing firms.
- Be able to practice some of the quantitative methods used in operations management for decision-making and the range of tools appropriate for analysis of operating systems.
- Identify and evaluate comparative approaches to operations management in a global context.
- Understand the importance of a manufacturing system and how it's relationship to the supply chain.
- Identify and evaluate the key factors and the interdependence of these factors in the design of effective operating systems.
- Look at process improvement and problems from a systems perspective and be able to examine and evaluate new concepts and methods of operations management.
- Define the decisions operations managers make.
- Identify the trends and challenges facing operations management.
- Describe operations in terms of inputs, processes, outputs, information flows, suppliers, and customers.
- Describe operations as a function alongside finance, accounting, marketing, management information systems, and human resources.
- Explain how operations can be used as a competitive weapon.
- Define an operations strategy and the steps to performing a SWOT analysis.
- Identify the nine different competitive priorities used in operations strategies.
- List the steps in the new service/product development process.
- Describe the role of operations strategy as a source of competitive strength in a global marketplace.
- Explain how to link marketing strategy to operations strategy through competitive priorities.
- Discuss the four major process decisions.
- Relate process choice with inventory strategy and other competitive priorities.
- Discuss how process decisions should fit together.
- Define the four major costs of poor process performance and quality .
- Identify quality from the customer's perspective.
- Explain the advantages and disadvantages of craft and mass production.
- Identify the characteristics and strategic advantages of lean systems.
- Describe how lean systems can facilitate the continuous improvement of processes.
- Explain the implementation issues associated with the application of lean systems.
- Understand kanban systems for creating a production schedule in a lean systems and value stream mapping and its role in waste reduction.
- Calculate the time of a value stream.
- Identify bottlenecks.
- Calculate capacity requirements for decision making.
- Measure the performance of a layout.
- Develop a new layout or improve an existing layout.
- Make location decisions, using criteria and a decision matrix.
- Determine critical inventory costs.
- Calculate inventory measures.
- Calculate the economic order quantity and apply it to various situations.
- Develop policies for the continuous review and periodic review inventory control systems.
- Understand dependent and independent demand.
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