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This course will introduce students to materials Management by learning the planning production process, master scheduling, material requirements, and forecasting material demands and inventory levels. This course is designed to build on the student’s knowledge of how effective material management improves supply chain performance.

II Course Contents:

Introduction to Materials Management; Developing MPS; Materials requirement planning: MRP process, Bill of materials; Capacity Management: Capacity planning, Capacity requirement planning (CRP), Capacity available, capacity required, Scheduling orders; Production activity control: load leveling, theory of constraints and drum-buffer rope; Purchasing: Selecting suppliers, Impact of materials requirements planning on purchasing; Aggregate materials management; supply and demand patterns; Order Quantities: Economic order quantity (EOQ), Variations in EOQ, Quantity discounts; Order quantity under uncertain demand and uncertain lead time; Lot sizing Rules: Fixed Order Quantity (FOQ), Lot-for-Lot (LFL), Fixed Period Requirement (FPR), Periodic Order Quantity (POQ), Least Unit Cost (LUC), Least Total Cost (LTC), Part period balancing, Wagner-Whitin algorithm; Analysis of lot-sizing heuristics: Groff method, Silver Meal method, Wagner Whitin method, Freeland-Colley method; Independent demand ordering systems: Order point system, determining safety stock and service level.


Evaluation
Attendance and Class Participation: 10 Marks
Mid-Term 1: 30 Marks
Individual/Group Case Assignment: 10 Marks
Individual Case Report (to be solved): 20 Marks
End-Term: 30 Marks
Max. Marks: 100 Marks

TEXT BOOK
1. Introduction to Materials Management by J.R. Tony Arnold and Stephen N. Chapman, Pearson education
2. Course material will be also given apart from above book.
Created By: Bijoy Kar on 12/10/2009 at 12:46 PM
Category: ExPGP-III Doctype: Document