Course Overview
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Course Synopsis
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The course of Production Planning & Inventory Control (PPIC) is an essential part of Operations and Supply Chain Management. It covers two major, but interrelated, operational areas of a manufacturing concerns i.e. Manufacturing Planning and Inventory Management.
The manufacturing planning and control (MPC) system is concerned with planning and controlling all aspects of manufacturing, including managing materials, scheduling machines and people, and coordinating suppliers and key customers. Similarly, inventory management is all about having the right amount of product, at the right price, at the right time and in the right place.
As today’s market is too volatile, the above mentioned activities change over time and respond differently to different markets and company strategies. So, the development of an effective production & inventory planning and control system is key to the success of any enterprise. Moreover, truly effective PPIC systems coordinate supply chains and joint efforts across the company boundaries. Finally, PPIC systems design is not a one-time effort; they need to continuously adapt and respond to changes in the company environment, strategy, customer requirements, particular problems and new supply chain opportunities. Addressing such challenges, this course provides a hand on planning and control of manufacturing and inventory systems – while responding to changes in the competitive environment.
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Course Learning Outcomes
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At the end of this course, students will be able to:
- Understand the need and importance of manufacturing planning & control systems.
- Estimate and manage future demand, develop sales & operations plan along with managing inventory to achieve organizational objectives.
- Develop master production schedules and plan material, capacity and distribution requirements.
- Control the production activities by adopting contemporary approaches and formulating/ modifying production strategy.
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Course Calendar
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Week 01
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1
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Introduction - Manufacturing Planning and Control I
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2
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Introduction - Manufacturing Planning and Control II
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3
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Introduction - Manufacturing Planning and Control III
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Week 02
Week 03
Assignment
Week 04
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10
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Sales and Operations Planning I
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11
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Sales and Operations Planning II
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12
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Inventory Management I
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Quiz 1
Week 05
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13
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Inventory Management II
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14
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Inventory Management III
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15
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Inventory Management IV
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Quiz 2
Week 06
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16
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Inventory Management V
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17
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Inventory Management VI
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18
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Inventory Management VII
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GDB
Week 07
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19
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Master Production Scheduling I
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20
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Master Production Scheduling II
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21
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Material Requirements Planning I
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Week 08
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22
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Material Requirements Planning II
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23
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Material Requirements Planning III
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24
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Material Requirements Planning IV
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Week 09
Week 10
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28
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Distribution Requirements Planning I
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29
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Distribution Requirements Planning II
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30
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Distribution Requirements Planning III
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Quiz 3
Week 11
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31
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Production Activity Control I
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32
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Production Activity Control II
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33
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Production Activity Control III
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Week 12
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34
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Production Activity Control IV
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35
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Production Activity Control V
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36
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Production Activity Control VI
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Week 13
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37
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Production Activity Control VII
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Week 14
Week 15
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43
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Advanced Concepts in Scheduling I
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44
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Advanced Concepts in Scheduling II
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45
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Strategy and MPC System Design
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