IE 301 – Production planning and control I

IE 301 – Production planning and control I ; Weekly hours: 2+1, ECTS: 6
Describe the importance of operations strategy and how the operations function can be used as a competitive weapon in the global marketplace. Compare and contrast the operations function in manufacturing versus service firms. Understand the aggregate planning process and describe quantitative techniques used to solve aggregate planning problems. Discuss the role of demand forecasting and demonstrate the use of forecasting models in operations management. Distinguish situations appropriate for dependent and independent inventory management. Understand and interpret results of break-even analysis, exponential smoothing, and EOQ models used in operations management. Identify and discuss key issues in product/service and process design.