OPERATIONS MANAGEMENT PAPER/MBA

DEMAND FORECASTING 2 ( QUANTITATIVE METHODS) OPERATION MANAGEMENT

ACCEPTANCE SAMPLING STATISTICAL QUALITY CONTROL

DEMAND FORECASTING METHODS 2(QUANTITATIVE METHODS) OPERATION MANAGEMENT

·         QUANTITATIVE METHODS DEMAND FORECASTING/DEMAND FORECASTING 2

·         OPERATION MANAGEMENT

·         MANAGERIAL( MICRO) ECONOMICS

•       TIME SERIES ANALYSIS

INVENTORY MANAGEMENT TECHNIQUES 2 UPDATED

INVENTORY MANAGEMENT TECHNIQUES 1

TECHNIQUES OF MATERIAL CONTROL/INVENTORY MANAGEMENT

·         TECHNIQUES OF MATERIAL CONTROL/INVENTORY MANAGEMENT

·         COST ACCOUNTING

·         FINANCIAL MANAGEMENT

·         WORKING CAPITAL MGMT

·         OPERATION MGMT

·         MGMT ACCOUNTING

• MATERIAL CONTROL
• MATERIAL CONTROL MEANS A SYSTEM WHICH ENSURES THAT RIGHT QUALITY OF MATERIAL IS AVAILABLE IN THE RIGHT QUANTITY AT THE RIGHT TIME AND RIGHT PLACE WITH THE RIGHT AMOUNT OF INVESTMENT
• IN SIMPLE WORDS WE COULD SAY THAT MATERIAL CONTROL IS A SYSTEMATIC CONTROL OVER THE PURCHASING,STORING AND USING OF MATERIALS SO AS TO HAVE THE MINIMUM POSSIBLE COST OF MATERIALS.

SEQUENCING PROBLEMS 2 PROCESSING OF N JOBS THROUGH 3 MACHINES

SEQUENCING OPERATION MANAGEMENT/OPERATION RESEARCH

STATISTICAL QUALITY CONTROL 2 OPERATION MANAGEMENT

DEMAND FORECASTING 1

• DEMAND FORECASTING 1
  OPERATION MANAGEMENT
  MEANING AND DEFINITION

STATISTICAL QUALITY CONTROL 1

STATISTICAL QUALITY CONTROL 1

• STATISTICAL QUALITY CONTROL
  OPERATION MANAGEMENT
  BUSINESS STATISTICS

TYPES OF LAYOUT :PROCESS AND PRODUCT LAYOUT

FIXED ORDER PERIOD SYSTEM OR P SYSTEM OPERATION MANAGEMENT

FIXED ORDER QUANTITY SYSTEM OR Q SYSTEM OPERATION MANAGEMENT

ECONOMIC ORDER QUANTITY

·  ECONOMIC ORDER QUANTITY
INVENTORY MANAGEMENT TECHNIQUES
OPERATION MANAGEMENT

   OVERVIEW

1. ECONOMIC ORDER QUANTITY IS THE ORDER QUANTITY THAT MINIMIZES THE TOTAL HOLDING COST AND ORDERING COST.
2. ONE OF THE OLDEST CLASSICAL PRODUCTION SCHEDULING MODELS DEVELOPED BY FORD W.HARRIS IN 1913 BUT R.H.WILSON WHO USED IT A LOT AND K .ANDLER ARE GIVEN CREDIT FOR THEIR IN DEPTH ANALYSIS.
3. ECONOMIC ORDER QUANTITY IS THE SIZE OF THE LOT TO BE PURCHASED WHICH IS ECONOMICALLY VIABLE. THIS IS THE QUANTITY OF MATERIALS WHICH CAN BE PURCHASED AT MINIMUM COST. ECONOMIC ORDER QUANTITY IS THE POINT AT WHICH INVENTORY CARRYING COSTS ARE EQUAL TO ORDER COSTS.
4. TOTAL COST OF A MATERIAL =TOTAL  ACQUISITION COST + TOTAL ORDERING COST + TOTAL CARRYING COST