OPM 610 Production Scheduling and Inventory Management

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The OPM 610 Production Scheduling and Inventory Management course module introduces the students to Inventory Management, the Lean Production Principles, and Production Planning Techniques. The vital statistical equipment that facilitates the beneficial judgment making in the production and the supply chain circumstances are also evaluated. The central challenge which is faced presently in the industry is the productive management of inventory. While inventory is essential for most firms, retaining the unequalled type and the quantity is a chronic predicament. Throughout the course program, our students will comprehend how to effectively organize inventory to optimize operational performance.

After the successful completion of the program students will be able to have the following career learning outcomes:

• Ascertain knowledge of the traits and lineages of Lean Production.
• Compute the aggregate index levels utilizing numerous techniques.
• Decipher the Theory of Constraints, and how to organize the bottlenecks.
• Distinguish and discrepancy the different categories and purposes of inventory.
• Evaluate and cost out the optimum order abundances under the level demand circumstances.
• Employ the fixed order quantity and the fixed period samples to unravel the inventory problems.
• Pertain the logic of MRP, and how it can be utilized to design inventories, how to slate the receipt of the materials, and to confront the livery dates.
• Wield the formal priority regulations and performance standards for scheduling the businesses and work centres.

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