Lecture 1

Lecture 1 - 540:453 Production Control Lecture 1...

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540:453 Production Control Lecture 1: Introduction, Course Overview Class Meeting: W2 10:20-11:40am (SEC-117) F5 3:20-4:40pm (SEC-117) Prof. Thomas Boucher 1
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Staff Information Instructor: T.O. Boucher Office: CoRE Building, Rm. 224 E-mail: [email protected] Phone: 732-445-3657 Office Hours: Wed. 1.00-3.00 pm TA: Byunghoon Kim ([email protected]) TA Office: RUTCOR 101 Office Hours: Tuesday, 10am - noon 2
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Course Information Text Books Analysis and Control of Production Systems, 2 nd ed., Elsayed and Boucher, Prentice-Hall, 1994 Course Logistics – Homework: 15% – Midterm: 35% – Final: 50% 3
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Topic Areas in Production and Operations Analysis • Forecasting • Inventory Control: Deterministic Environments • Inventory Control: Stochastic Environments • Aggregate Production Planning • Production Control Systems: MRP and JIT (and ERP) • Operations Scheduling 4
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Different Production System Organizations
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Production Environment
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Production Environment
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Operations as Core of the Firm 10
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Importance of Supply Chain Management In 2000, the US companies spent $1 trillion (10% of GNP) on supply-related activities (movement, storage, and control of products across supply chains). Supply chain managers are seeking to exploit advances in Information Technology to integrate activities across the firm's supply chain network, thereby reducing costs, increasing profits, and enhancing customer service. Eliminating inefficiencies in supply chains can save millions of $. Source: State of Logistics Report 11
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What can Better Supply Chain do? P&G (Proctor & Gamble) estimates it saved retail customers $65 M (in 18 months) by collaboration with retailers resulting in a better match of supply and demand. Estimated that the grocery industry could save $30 billion (10% of operating cost) by using effective logistics and supply chain strategies – A typical box of cereal spends 104 days from factory to sale – A typical car spends 15 days from factory to dealership – Faster turnaround of the goods is better? Laura Ashley (retailer of women and children clothes) turns its inventory
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This note was uploaded on 11/13/2011 for the course PHY 341 taught by Professor Gawsier during the Spring '11 term at Rutgers.

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Lecture 1 - 540:453 Production Control Lecture 1...

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