Course Details
Course Outline
5 days course
Introduction to Manufacturing and production Planning and Control (MPPC) and Forecasting
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Key Modules of MPPC
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How to identify the process of forecasting and characteristics of forecasts
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How to determine the right supply chain for your product
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Ways to develop causal forecasting models using regression approach
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Expertise in forecasting error measures
Causal, Static and Adaptive Forecasting
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How to compare and contrast static and adaptive models
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Ways to develop moving average, exponential smoothing and Holt’s models
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Ability to select the appropriate forecasting tool for your operations
Forecasting and Aggregate Production Planning
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How to identify the differences between chase and level strategies
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Formulation of aggregate planning models using optimization techniques
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How to solve and interpret aggregate planning models using optimization methods
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Ways to make pricing and aggregate planning decisions
Aggregate Planning and Cycle Inventory
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Economic order quantity and aggregation models
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Strategies for cycle inventory reduction
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Formulation and solution of inventory models
Cycle and Safety Inventory
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Implementation of continuous and periodic review policies
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How to set safety stocks for different inventory policies
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The effects of demand and supply uncertainty
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How to understand and develop inventory pooling models
Safety Inventory and Network Design in Supply Chains
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How to make network design decisions
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E-procurement tools that yield the greatest benefits
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Application of transportation and transhipment models
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Ways to formulate network models and obtain solutions
Network Design and Material Requirement Planning & ERP Systems
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Optimization models for supply chain network design
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How to identify the differences between independent and dependent demand items
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Effective implementation of MPS and time fences
Material Requirement Planning & ERP Systems
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MRP: Table, definitions, inputs and outputs
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How to perform MRP calculations
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When and how to use ERP and APS systems
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Concepts of JIT and Lean Systems
