Planning is not only working on the issues of planning but also it is related to the management of the inventory. The book "Production Planning and Inventory Control" is designed to be an essential resource for both the student of the field as well as the practicing professional. Mastery of the contents provides a solid foundation on which comprehensive, firm-specific implementations can be developed. It is our contention that each firm has unique requirements dependent on special supplier and market requirements. A sustainable competitive advantage comes from taking an innovative approach to how material and inventory is managed. A comprehensive understanding of the key concepts and techniques is provided, which is essential to structuring and implementing the supply chain material and inventory planning system. A logical-based discussion has been tried to make for better understanding of the subject matter.
Preface
1. Manufacturing and Service Strategies
1. Introduction
2. Manufacturing strategy
3. Keys to a winning manufacturing strategy
4. Strategies used in production planning and control
5. Types of production planning strategy
6. Service strategies
7. Conclusion
References
2. Forecasting: Special Topics in Forecasting
1. Introduction
2. Manufacturing demand forecasting methods
3. Need of forecast
4. Forecasting, planning and goals
5. Forecasting fundamentals
6. Techniques of forecasting
7. Techniques of sales forecasting: production planning
8. Inventory forecasting
9. Conclusion
References
3. Basic Inventory Systems
1. Introduction
2. Principle of inventory proportionality
3. Types of inventory control systems
4. Business inventory
5. Inventory management methods
6. Inventory record accuracy
7. Inventory control
8. Conclusion
References
4. Inventory Systems under Risk
1. Introduction
2. Types of inventory risk
3. Warehouse inventory issues
4. Inventory shrink
5. Factors affecting inventory control policies
6. Detection of inventory fraud
7. Radio frequency identification for inventory
8. Advantages of inventory planning and control
9. Supply side inventory risks
10. Demand side inventory risks
11. Risk and cost of holding inventory in a firm
12. To assess inventory management control risk
13. To reduce inventory risk in your business
14. Inventory supply chain risk management
15. Conclusion
References
5. Aggregate Planning
1. Introduction
2. Aggregate planning strategies
3. Objectives of aggregate planning
4. Techniques for aggregate planning
5. Need of aggregate production planning
6. Importance of aggregate planning
7. Problems in aggregate planning
8.. Mathematical approaches to aggregate planning
9. How do inventories influence aggregate planning?
10. Aggregate planning in supply chain management
11. Conclusion
References
6. The Master Production Schedule
1. Introduction
2. Master production schedule process
3. The final assembly schedule
4. Functions of master production scheduling (mps)
5. Mps development
6. Parts of a master production schedule
7. How an mps works
8. Different master production scheduling techniques
9. Mps is at the heart of a manufacturing erp system
10. Key benefits of master production scheduling
11. Relationship between mps and mrp
Conclusion
References
7. The Planning of Material Requirements
1. Introduction
2. Meaning of material requirement planning
3. Material requirements planning objectives
4. Material requirement planning system inputs
5. Mrp system outputs
6. Problems with mrp systems
7. Time phasing
8. Inventory system categories
9. Prerequisites and assumptions of mrp
10. Limitations of mrp
11. Part numbers
12. Bills of material (boms)
13. Advantages of mrp
14. Conclusion
References
8. Capacity Planning and Control
1. Introduction
2. History of capacity planning
3. Strategic capacity planning
4. Concept of capacity planning
5. Complexity of capacity planning in large organizations
6. Procedure for capacity planning
7. Determinants of effective capacity
8. Capacity planning techniques
9. Importance of capacity planning
10. Conclusion
References
9. High-Volume Production Activity Control and Just-in-Time
Systems
1. Introduction
2. Production activity control process
3. Important functions of production control
4. Just-in-time systems
5. Significance of JIT concept
6. Just in time (JIT) production
7. Importance of production control
8. Just-in-time (JIT) inventory management
9. Conclusion
References
10. Project Management Techniques
1. Introduction
2. Definition of project management
3. Process of project management
4. Approaches of project management
5. Project management types
6. Characteristics of projects
7. Conclusion
References
Index
Meda Teel pursued her Ph.D. in Industrial Engineering from Public Research University, Sheffield. Her elementary areas of scholarly interests lie in the fields of subtractive manufacturing, automatic control and manufacturing processes. She serves as a Guest Lecturer at University College, Lisbon. Teel has contributed several articles and research papers on all aspects of supply chain, production management, manufacturing operations and technology. She has been also an eminent speaker in seminars across Europe, America.
