Production Management and Material Requirements Planning
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Production Management and Material Requirements 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 important concepts such as demand forecasting, capacity planning, requirement determination, and scheduling. Through interactive sessions, participants will learn critical processes, formulas, and calculations essential for efficient production system management. The course empowers participants to make optimal decisions in their respective environments.
Course Objectives:
By the end of this training course, participants will be able to:
- Construct a framework for production planning and demonstrate how it fits within a supply chain context
- Provide forecast information to sales and operations planning, master production scheduling and use the basic form of the economic order quantity
- Estimate and control capacity requirements and utilization
- Construct and manage sales and operations plans using time-phased grids
- Identify optimum inventory and production quantities
- Construct and manage a master production schedule
- Explain where the material requirements planning system fits in the overall production planning framework and how it is used
- Develop performance measurement indicators for a production system
Who Should Attend?
This course is intended for professionals involved in the following functions: production, operations, inventory planning, purchasing, procurement, and supply chain 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
DEMAND MANAGEMENT
- Demand Management in PPC Systems
- Independent and Dependent Demand
- Impact of PPC Environment on Demand Management:
- The Make-to-Stock Environment
- The Assemble-to-Order Environment
- The Make-to-Order Environment
- 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 Inventory
- Inventory Costs
- Economic Order Quantity Model
- Inventory Order Cycle
- Re-Ordering Point
- Economic Production Quantity
- Multi-Criteria ABC Analysis
MASTER PRODUCTION SCHEDULING
- The Master Production Scheduling Activity
- Master Production Scheduling Techniques:
- The Time-Phased Record
- Available to Promise
MATERIAL REQUIREMENTS PLANNING (MRP)
- Overview of MRP
- The Bill of Material
- MRP Processing
- The Basic MRP Record
- Material Planning For:
- Lot-for-Lot
- Different Lot Sizes
PERFORMANCE MEASUREMENT
- Key Performance Indicators
- Benchmarking
- Measuring Performance
- Improving Current Production System