- Key Modules of MPC
- How to identify the process of forecasting and characteristics of forecasts
- How to determine the right supply chain for your product
- Ways to develop causal forecasting models using regression approach
- Expertise in forecasting error measures
Manufacturing Planning & Control
Manufacturing Planning & Control
With the global marketplace constantly changing, it is crucial that your Manufacturing Planning and Control (MPC) system evolve to stay current with technology, product and market conditions. This course is essential if you are working in any capacity of operations in the supply chain because you’ll gain a thorough understanding of Manufacturing Planning and Control key elements. You’ll also master a variety of decision tools that can assist you in effective planning and execution.
Regardless of what industry or business you work in, understanding all the various systems involved in Manufacturing Planning and Control is ideal if you’re looking to advance your career and increase your organization’s bottom line.
What you will learn :
- How to compare and contrast static and adaptive models
- Ways to develop moving average, exponential smoothing and Holt’s models
- Ability to select the appropriate forecasting tool for your operations
- How to identify the differences between chase and level strategies
- Formulation of aggregate planning models using optimization techniques
- How to solve and interpret aggregate planning models using optimization methods
- Ways to make pricing and aggregate planning decisions
- Economic order quantity and aggregation models
- Strategies for cycle inventory reduction
- Formulation and solution of inventory models
- Implementation of continuous and periodic review policies
- How to set safety stocks for different inventory policies
- The effects of demand and supply uncertainty
- How to understand and develop inventory pooling models
- How to make network design decisions
- E-procurement tools that yield the greatest benefits
- Application of transportation and transshipment models
- Ways to formulate network models and obtain solutions
- Optimization models for supply chain network design
- How to identify the differences between independent and dependent demand items
- Effective implementation of MPS and time fences
- MRP: Table, definitions, inputs and outputs
- How to perform MRP calculations
- When and how to use ERP and APS systems
- Concepts of JIT and Lean Systems
Who Should Register?
Michigan State University’s Manufacturing Planning and Control training will benefit supply chain management professionals in any area of operations. It is especially valuable for managers and executives who are ultimately accountable for running a cost effective operation and balancing production and inventory levels with demand to support customer service levels. Students may find it helpful to have some familiarity with the fundamentals of an integrated supply chain, which are covered in the Supply Chain Management I and II courses.
High school diploma, relevant work experience and excellent understanding of the English language.
“Certificate of Completion” course certificate will be issued from Michigan State University with both MSU and UD authorized signatory, upon successful completion.