IE 3310 - Production Planning and Inventory Control

• Define and explain common terminology related to production planning and control
• Utilize common forecasting techniques to predict future demand
• Understand inventory management systems, ABC analysis and methods of maintaining inventory accuracy
• Understand the EOQ model and trade-offs between lot size and other parameters (capacity, utilization, lead time)
• Manually apply the MRP algorithm with various lot sizing rules to generate planned order releases
• Perform rough-cut capacity planning and calculate relevant system parameters such as capacity, utilization, and efficiency
• Describe the difference between push and pull production systems and explain how various pull systems operate (kanban, conwip, POLCA)
• Relate the Theory of Constraints to production planning and control activities
• Utilize ERP software to analyze data from a sample company and perform common production control transactions
• Describe supply chain management and compare how DRP structures differ from their MRP counterparts

• Basic understanding of statistics, variability, and linear regression

• Overview of production planning and inventory control
• Overview of ERP software packages
• Forecasting
• Sales and operations planning
• Master scheduling
• Inventory management and MRP
• Capacity management
• Production activity control
• Lean manufacturing
• Theory of constraints
• Supply chain management
• Distribution requirements planning

• Two-hour laboratory covering ERP software (e.g., SAP & ERPSim)