Interactive lectures and case analysis
1. The Master Scheduling concept and its relationship to Production Plans
a. Master Production Schedule process
b. Rough-cut capacity planning
2. Material Requirements Planning
a. MRP objectives, roles and process
b. Basic MRP techniques
c. Bills of Material, their formats and use
d. MRP management
3. Capacity definitions and concept
a. Capacity Requirement Plan (CRP) and its inputs
b. Loading
c. Production Activity Control
d. Theory of Constraints and Drum-Buffer-Rope scheduling
4. Factors influencing product and process development
a. Make-or-buy decision
b. Purchasing
c. Supply Risk and Profit Impact Model
d. Suppliers selection and management
5. Inventory classification
a. Aggregate and item inventory management methodologies
b. Independent and dependent demand
c. Inventory valuation methods
d. Inventory audits
6. Inventory costs
a. ABC classification
b. Order quantities and methodologies
c. Lot-size decision rules
d. Order Point System
e. Safety stock
f. Periodic Review System
g. Lean production impact on inventory
After completing this course, successful students will be able to:
- Demonstrate understanding and use the supply chain and materials management terminology and concepts;
- Apply Master Scheduling and the Master Production Schedule (MPS);
- Determine requirements and keep priorities current using Material Requirement Planning (MRP) and Bills of Material;
- Apply Theory of Constraints (TOC), capacity planning and Production Activity Control (PAC);
- Use the technique of Backward scheduling;
- Analyze and apply measures of efficiency and utilization;
- Apply inventory management techniques including inventory valuation using financial statements, performance measures and inventory audits, lot-size and safety stock decision rules, ABC classification, and aggregate and item inventory methodologies;
- Evaluate make-or-buy decisions and purchasing and supplier relations, and
- Analyze factors affecting product and process development.
Group case project 20 - 30%
Assignments 15 - 20%
Participation 0 - 10%
Midterm 20 - 25%
Final 25 - 35%
Note: Students must achieve a grade of at least 50% on the combined examination components to pass the course.
Textbooks and Materials to be Purchased by Students:
Arnold, J.R. Tony, S.N. Chapman, and L.M. Clive, Introduction to Materials Management. Latest Edition (Pearson Prentice Hall)
and Stevenson W. J., M. Hojati, Operations Management. Latest Edition (McGraw-Hill)
or any alternative textbook/s approved by the Business Department
Nil
Nil
Nil