Fundamentals of Operation Planning and MRP Systems
The free online course on the inventory control and management, as well as material requirements planning (MRP) systems.Publisher: NPTEL
CertificationView course modules
In this course, you will learn about the single-period model which is known as the Newsboy problem, as well as how it is applicable in aggregate sales and operations planning. The various discrete stocking levels and the requirements for effective inventory control and management will also be covered in this course. Then, the course will teach you about the concept of material requirements planning (MRP), as well as the various types of improvements in the MRP system.
Then, this course will teach you about the process of lot-sizing in MRP systems, as well as the various models that are used in lot sizing. Furthermore, this course will teach you about the concept of enterprise resources planning (ERP) and then, introduce you to aggregate sales. Lastly, this course will teach you about operations planning with regards to aggregate sales demand options and aggregate sales supply options.
This course is helpful for learners who want to gain an understanding of the various models that are applicable to operations planning. This course is also helpful when you are looking to improve your understanding of the requirements for inventory control and management. Begin this course now to improve your knowledge of material requirements planning (MRP) systems and how they are applied in operations planning.Start Course Now
Aggregate Sales and Operations Planning
Aggregate Sales and Operations Planning - Learning Outcomes
Single Period Inventory Model I
Single Period Inventory Model II
Inventory Control and Management
Material Requirements Planning (MRP)
Improvements in the MRP System
Aggregate Sales and Operations Planning - Lesson Summary
Nature of Quality
Nature of Quality - Learning Outcomes
Lot Sizing in MRP Systems
Example - Material Requirements Planning I
Example - Material Requirements Planning II
Aggregate Sales and Operations Planning
Aggregate Sales Demand and Supply Operations
Nature of Quality - Lesson Summary
Having completed this course, you should be able to:
- Discuss the single-period model or newsboy problem.
- Explain the concept of discrete and continuous stocking levels.
- Identify the requirements for effective inventory management.
- Discuss the concept of material requirements planning and MRP inputs.
- Identify the terms used in MRP processing.
- Explain the concept of lot sizing and various models of lot sizing.
- Discuss intermediate planning and aggregate planning in perspective.
- Identify the supply chain and various demand options.
- Discuss the basic strategies for meeting uneven demands.
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