Unit 1

Engineering Economics: cost concepts – types of costs – cost functions. Cost controls: reduction – tools & applications. Pricing policies – methods – problems.Process design and improvement – process capacity – process layout – process reengineering – job design. Work standards – work measurement – work sampling – problems.

Unit 2

Supply Chain Management – Basic Concepts, SC dynamics, push-pull boundary, integrated supply chain, logistics, customer relationship, supplier relationship – selection, rating and development, procurement, SC metrics and performance measurement – problems. Lean Manufacturing – concepts, wastes – tools viz., pull system, standardized work, takt time, kanban system, JIT, kaizen, SMED, 5S, value stream mapping, benefits of lean and implementation issues. Introduction to Six Sigma. Plant Location – globalization, factors affecting location decisions, facility location- Break-even method, rectilinear, factor-rating and centre of gravity – problems. Plant Layout – types, process layout, product layout, Systematic layout planning (SLP), Line Balancing problems. Capacity Planning – Aggregate Planning – importance, planning process, methods – problems.

Unit 3

Role of IT in business performance improvement – e-commerce – e-purchasing –Master Production Schedule, inventory lot sizing strategies, MRP basics – MRP explosion, Available to Promise(ATP) inventory – MRP calculations – MRP II – Scheduling – Gantt chart – Introduction to ERP – ERP software – ERP modules – ERP implementation.

Textbook(s)

• L J Krajewski, L.P.RitzmanMalhotra.M and Samir K. Srivastava, ‘Operations Management: Processes and Value chains, 11e, Pearson, 2015.
• R L Varshney & K L. Maheshwari, ‘Managerial Economics’, S Chand & Sons, 22e, 2014.

Reference(s)

• Richard B. Chase, Ravi Shankar, F. Robert Jacobs, ‘Operations and Supply Chain Management’ McGraw Hill Education (India) Private Limited.14e, 2017.
• E S Buffa and R K Sariss, ‘Modern Production/Operations Management’, Wiley India Private Limited, 8e, 2007.
• Harrison.B, Smith.C., and Davis.B.,, ‘Introductory Economics’, 2e Pr Macmillan, 2013.

Evaluation Pattern

Objectives

• To impart knowledge on the fundamentals of costing, pricing methods and strategies.
• To give an overview of production operations planning.
• To summarize various quantitative methods of plant location, layout and lean manufacturing.
• To familiarize the concepts of e-commerce, e-purchasing, MRP and ERP in business

Course Outcomes

At the end of the course, the student will be able to:

• CO1: Understand the concepts of cost and pricing of goods and appraise project proposals
• CO2: Design and analyze manufacturing and service processes and to measure the work performed.
• CO3: Understand and analyze the key issues of supply chain Management
• CO4: Understand the application of lean manufacturing tools and six sigma concepts
• CO5: Select appropriate plant location and their layout methods
• CO6: Create capacity plan, aggregate plan, schedule, ERP & MRP systems

CO – PO Mapping