PPT-5.7 Stock Control & Production Planning

IB BUS MGT SL 57 Production Planning Exam Expectations Recognize the need for optimum stock levels prepare and analyse appropriate graphs Explain different stock control methods and . As a 64257rst step we investigate the di64256erences between conventional architectures and fully distributed systems As a conventional system we understand here a system with a central control entity that plans and optimizes in advance the distribu What is MRP?. MRP answers the following questions:. What materials are required?. How many of the materials are required?. When are the materials required?. A Few Key Terms. PIR – Planned Independent Requirements. 1) The . First World War completely devastated Europe. Entire cities were destroyed, farmlands were marred by trenches and artillery craters, and close to nine million young men had been killed in the fighting. The European economy lay in ruin, but the extremely punitive war . The Cost of Logistics can be enormous. “If you're thinking that it's gotten a lot more costly lately to transport and warehouse your manufactured products, you're exactly right. Total costs for business logistics in the United States were up 10.4% in 2010, reaching $1.2 trillion. That total accounts for 8.3% of the U.S. gross domestic product.”.. What is MRP?. MRP answers the following questions:. What materials are required?. How many of the materials are required?. When are the materials required?. A Few Key Terms. PIR – Planned Independent Requirements. Supplier Overview . Training. Document CQD-116; . Rev. 1; 1/15/15. Advanced Product Quality Planning Cycle. Advanced Product Quality Planning . method . to . assure that a product satisfies the customer . Higher Business Management. 2015/16. Contents. Methods of Production. Job/Batch/Flow. Capital/Labour Intensive. Stock Management. Systems. JIT. Warehousing. Quality. QM/Standards/Benchmarking/Circles/Mystery Shopper. $14.3billion . 6 million. 92. Stock control - the basics. Firms tend to hold . three types . of stock . There is an . opportunity cost . of stock . Stock control charts . are used to manage the levels of stock . 0. The Context for MPC. Globalization/Internationalization. Even small firms have customers around the world, and many have foreign sources of supply as well, not to mention large firms such as Dell, Solectron, Wal-Mart, etc.. place, but has been able to continually expand market share over the past few years (VDMA 2013). The population of Germany will continue to decrease in the coming years. Current forecasts predict appr Objectives and importance. Elements. Routing- Meaning. Objectives & Advantages. Scheduling – meaning. Objectives . Types. Production planning and control can be viewed as the nervous system of the production operation. This function aims at efficient utilization of material resources, people and facilities in any undertaking through planning, coordination and controlling the production activities that transform the raw material into finished products or components as a most optimal manner.. Assistant Professor. Department of Management studies,. Bon Secours College for women, . Thanjavur. .. Goals and Aims of the Course. To let you know. …. What is . Production . Management . (PM. )?. CONTROL. DAIRY PLANT MANAGEMENT (DTT-421. A K JHA. Production. Production is the process by which goods or services are created. . It is a means of converting raw materials into finished product by performing a set of manufacturing operations in a... Strategic Role Of Forecasting. Forecasting Methods. Capacity Planning. Aggregate Production Planning. Forecasting. Predicting future events. Usually . demand behavior. over a . time frame. Qualitative methods.