Lecture

Lecture - 39 Inventory Modelling

Participants will learn about inventory modeling techniques, focusing on methods for optimizing inventory levels and improving supply chain efficiency.


Course Lectures
  • This module provides an overview of project and production management, outlining the significance of these fields in achieving organizational goals. It introduces essential concepts, methodologies, and frameworks used in effectively managing projects and production systems.

  • This module focuses on project management fundamentals, covering the essential processes involved in planning, executing, and closing projects. It highlights best practices and tools that enable managers to lead projects successfully.

  • The module on project identification and screening examines techniques for identifying viable projects. It emphasizes the importance of aligning project selection with organizational strategy and market needs.

  • This module delves into project appraisal techniques, focusing on financial and non-financial criteria to evaluate project feasibility. Participants will learn how to conduct cost-benefit analyses and risk assessments.

  • Continuing from the previous module, this section further explores advanced appraisal methods and the importance of stakeholder analysis in project evaluation. Participants will learn to balance quantitative and qualitative factors.

  • The project selection module covers criteria and methodologies for choosing projects that align with strategic goals. It includes techniques for prioritizing projects based on resource availability and organizational impact.

  • This module discusses project representation methods, including Gantt charts and network diagrams. Understanding these tools is crucial for visualizing project timelines and dependencies.

  • The module focuses on consistency and redundancy in project networks, exploring how to ensure efficient communication and resource allocation across project activities. Participants will learn techniques to minimize redundancy.

  • This module introduces basic scheduling techniques using Activity on Arrow (A-O-A) networks. Participants will learn how to create and interpret these networks to facilitate project scheduling.

  • Continuing from A-O-A, this module focuses on Activity on Node (A-O-N) networks, comparing both methods and demonstrating their applications in project scheduling and resource management.

  • This module covers project scheduling with probabilistic activities, focusing on uncertainty in project timelines and how to manage risks effectively to meet deadlines.

  • In this module, participants will learn about linear time-cost tradeoffs in projects, exploring how to optimize project schedules while minimizing costs. Techniques for analysis will be discussed.

  • This module focuses on project crashing techniques, discussing strategies for expediting project timelines while considering multiple objectives, such as cost, quality, and resource constraints.

  • Participants will learn about resource profiles and leveling techniques in this module, focusing on effective resource management to prevent overallocation and project delays.

  • This module covers limited resource allocation strategies, discussing how to allocate scarce resources effectively without compromising project integrity and timelines.

  • Participants will learn about project monitoring and control techniques using PERT and Cost systems, focusing on maintaining project progress and budget adherence.

  • This module emphasizes team building and leadership skills necessary for successful project management. Participants will learn about the dynamics of team collaboration and effective leadership styles.

  • This module addresses organizational and behavioral issues that affect project management, discussing how to navigate challenges and enhance team performance.

  • Participants will learn about the role of computers in project management, exploring various software tools that facilitate project planning, execution, and monitoring.

  • This module focuses on project completion and review processes, discussing best practices for closing projects and evaluating project success against objectives.

  • This module covers the life cycle of a production system, analyzing each phase from planning to execution and review, emphasizing continuous improvement.

  • In this module, participants will learn about the role of models in production management, examining various modeling techniques used for decision-making and process improvement.

  • This module focuses on the financial evaluation of capital decisions, emphasizing cost analysis, return on investment, and financial metrics for evaluating project viability.

  • Participants will explore decision trees and risk evaluation methods in this module, learning how to assess risks and make informed decisions in project management.

  • This module discusses strategies for introducing new products and services, covering market analysis, product development, and launch strategies for successful implementation.

  • Participants will learn about the economic evaluation of new products and services, focusing on cost-benefit analysis and market potential assessment to ensure successful outcomes.

  • This module covers product mix decisions and their impact on production efficiency and profitability, discussing strategies for optimizing product offerings in the market.

  • Participants will learn about product and process design principles, focusing on innovation, quality, and efficiency in developing new products and optimizing existing processes.

  • This module addresses issues in the location of facilities, emphasizing factors such as cost, accessibility, and market proximity that influence decision-making in facility placement.

  • Participants will explore mathematical models for facility location, learning how to apply quantitative methods to optimize facility placement for operational efficiency.

  • Lecture - 31 Layout planning
    Prof. Arun Kanda

    This module covers layout planning techniques, discussing how effective facility layout can enhance workflow, productivity, and overall operational efficiency.

  • Participants will learn about computerized layout planning tools that facilitate the design of efficient facility layouts, improving productivity and reducing waste.

  • This module discusses product layouts and assembly line balancing, focusing on strategies to optimize product flow and reduce bottlenecks in production.

  • Lecture - 34 Forecasting
    Prof. Arun Kanda

    This module covers forecasting techniques, emphasizing the importance of accurate demand forecasting for effective production planning and inventory management.

  • Participants will learn about the analysis of time series data, focusing on methods for interpreting historical data to make informed production and inventory decisions.

  • This module introduces aggregate production planning concepts, discussing strategies for aligning production capacity with demand while minimizing costs.

  • Participants will explore various modeling approaches for production planning, learning how to apply different models to optimize production processes and resource allocation.

  • This module covers basic inventory principles, focusing on inventory management techniques and their significance in ensuring adequate stock levels and minimizing costs.

  • Participants will learn about inventory modeling techniques, focusing on methods for optimizing inventory levels and improving supply chain efficiency.

  • This module discusses material requirements planning (MRP) systems, focusing on their role in aligning production schedules with inventory management for efficient operations.

  • Participants will explore scheduling techniques for job shops, focusing on methods for optimizing production schedules to enhance efficiency and meet customer demands.