Materials Resources Planning
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Materials Resources Planning Course
Introduction:
This course aims to equip participants with the necessary knowledge, skills, and techniques to effectively carry out essential tasks in a production environment. It covers key concepts including demand forecasting, capacity planning, requirement determination, and scheduling. Through interactive sessions, participants will learn the vital processes, formulas, and calculations needed to successfully manage production systems.
Course Objectives:
By the end of the course, participants will be able to:
- Construct a framework for production planning and demonstrate how it fits within the supply chain context
- Create forecasts for the expected demand on an aggregate level and use them as a basis for all future planning and scheduling
- Estimate and control the capacity requirements and the optimum utilization of the resources
- Assemble and manage sales and operations plans and develop chase and level production strategies using time-phased grids
- Identify optimum inventory level, lead time, re-ordering point, and production quantities
- Develop a detailed master production plan that shows the timing and the quantity of planned production and establish a material requirements planning system based on the master plan
- Generate performance measurement indicators for a production system
Who Should Attend?
Professionals involved in any production or operation facility and interested in learning about all the important aspects of a production environment including planning, scheduling, and forecasting, and production management.
Course Outlines:
Production Planning and Control (PPC)
- Defining production planning and control
- Areas of influence on PPC
- A framework for a PPC system
- PPC systems activities
- Productivity in the production environment
Demand management
- Demand management in PPC systems
- Independent and dependent demand
- Forecasting framework
- Forecasting techniques
- Evaluating forecasts
Capacity planning
- Measuring capacity
- Capacity utilization
- Calculating capacity requirements
- Cost volume analysis
- Break-even analysis
- Decision tree
Sales and Operations Planning (S&OP)
- S&OP fundamentals
- S&OP displays
- Time phased planning
- Modifying the S&OP
- The basic trade-offs in S&OP
- Evaluating alternative plans
Inventory management
- Types of inventories
- Inventory costs
- Economic order quantity model
- Inventory order cycle
- Reorder point
- Economic production quantity
- Multi-criteria ABC analysis
Requirements planning and scheduling
- Master production scheduling activities
- Master production scheduling techniques:
- The time-phased record
- Available to promise
- Material Requirements Planning (MRP)
- Bill of material
- MRP processing
- The basic MRP record
- Material planning for:
- Lot-for-Lot
- Different lot sizes
Performance measurement
- Key performance indicators
- Benchmarking and standards
- Measuring performance
- Improving the current production system