BMI702 - Inventory Management and Production

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Last revision date Sep 14, 2020 10:44:17 AM
Last review date Sep 14, 2020 10:44:17 AM

Subject Title
Inventory Management and Production

Subject Description
This course provides a foundation in Production Processes and Systems with an emphasis on the organizational and management principles that impact on the manufacturing and international flow of products through a global corporation.  As such, students will learn the management options and set of disciplines that are used by organizations to design, develop, deploy and use production systems that effectively deliver strategic objectives.  Students will also learn about the processes involved in bringing a product to market from design to manufacturing and distribution in a sustainable and efficient manner.  Lastly, they will apply the conceptual processes learned to a simulated company which is run under the SAP ERP system hence, they will bridge the gap between the fundamentals of how production operates (processes) and the tools that businesses use to accomplish their task (SAP ERP).

Credit Status
One degree level credit.

Learning Outcomes
Upon successful completion of this subject the student will be able to:

  1. Describe and discuss the impact of strategic management decisions on production processes, global production decisions and product design.  Explain product design cycle and its effect in business sustainability.
  2. Evaluate and recommend how to improve the efficiency of an organization by applying the principles of lean manufacturing.
  3. Detail how aggregate planning differs from both long-range and short-range planning.
  4. Distinguish between different capacity and production planning methods and evaluate their suitability to specific organizational needs.
  5. Explain the purposes of a firm maintaining inventory, as well as the associated costs.
  6. Differentiate between independent and dependent demand.
  7. Apply Enterprise Resource Planning (ERP) to plan, schedule and control production processes.
  8. Describe the functional components of an ERP and their major interrelationship and interdependencies as they relate to Manufacturing.
  9. Demonstrate using examples and explaon the differences between forward and backward scheduling, bottleneck scheduling and Kanban scheduling in the context of various production processes and production modes.
  10. Assess the tools and techniques of shop floor control and make a recommendation appropriate to the firm' needs when given a brief description of various companies' objectives, current situation and other available systems.

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