Course outline

Batch: 2019 - 2021 Term: II

Course : Operations and Supply Chains (Core Credits: 2.5
Subject)
Course Instructor: Jitendra Sharma.Sarbjit No. of Sessions: 24
Oberoi.

Course Description
Learning Objectives
Pedagogy
Course Requirements
Group Project
Case Study Assignments
Basic Text Book
OVERVIEW
The foundation course of operations management course in Term II
focused on designing and planning operations strategy of an
organization, aligned with its vision and mission statement. The next
step is to manage the designed systems to generate value throughout
the chain. This course fulfills this objective by incorporating essential
concepts, which play a vital role in planning & scheduling and inventory
management.
1. Apply standard inventory models to manage inventory more
efficiently.
2. Develop schedule for intermittent production operations.
3. Plan production for medium and short-term time horizons.
4. Apply lean manufacturing concepts to better utilize organizational
resources.
A combination of classroom teaching, real-life example discussion,
cases and articles, and in the end a live mini group project is to be
submitted and presented based on one or the major topics of
operations.
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-
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Heizer, J., Render, B. and Rajashekhar, J.,. Operations Management,
12th Edition, Pearson, New Delhi.
The Goal – Eliyahu Goldratt
Basic Reference Material

• Russell, R. S., and Taylor, B. W. (2006), Operations Management,

Wiley, India
• Chase, R. B., Shankar, R., Jacobs, F. R., and Aquilano, N. J. (2010),
Operations and Supply Management, 12th Ed., Tata McGraw Hill,
New Delhi
• Krajewski, L. J., and Ritzman, L. P. (2006), Operations Management
Processes and Value Chains, Prentice-Hall, India
• Hoppman, W. J., and Spearman, M. L., (2008), Factory Physics:
Foundations of Manufacturing Management, 3rd Ed., Waveland
Press Inc., USA
• Mahadevan B., (2009), Operations Management: Theory and
Practice, Pearson Education India
• Riggs, J.L.,(1987), Production Systems: Planning, Analysis and
Control, 4th Ed., John Wiley & Sons, New York
Reference Books -
Class rules / Expectations from -
students
Punctuality & Class Behavior -
Participation in Class Discussions -
E-Resource / Databases : (If Any) -
Additional Reference Resources -
Videos : (If Any) -
Any other Remarks
-

TOPICS / SUB-TOPICS

Topic No. 1.0

Topic Name
Brief outline of deliverables
Book reference
Pre-requisites for preparation
Introduction to the topics in OM-II and a brief discussion on the topics
studies under OM I
Discussion on the topics covered in OM-I and topics in OM-II
OM-I topics

Topic No. 2.0

Topic Name What is inventory, purpose of inventory, types of inventory, measure of
inventory management, Inventory Costs
Brief outline of deliverables Understanding of various types of inventory, costs and decision related
inventory management
Book reference
Pre-requisites for preparation Demand forecasting

Topic No. 3.0

Topic Name
Brief outline of deliverables
Book reference
Pre-requisites for preparation
Inventory costs and EOQ Model, sensitivity Analysis
Calculation of EOQ and apply it to various situation. Case study
authored by the faculty on Inventory (Case A)
Demand Forecasting

Topic No. 4.0

Topic Name
Brief outline of deliverables
Book reference
Pre-requisites for preparation
EOQ with Quantity discount
Determine EOQ when materials are subject to quantity discounts.
Case study authored by the faculty on Inventory (Case B)
Managing Inventory Janice Hammond Core Curriculum - HBR -
Product #: 8016-PDF-ENG
EOQ model

Topic No. 5.0

Topic Name POQ Model
Brief outline of deliverables Model for optimize lot size when replenishment is not instantaneous
Book reference Toffee Inc: A bitter sweet demand planning experience Jitendra
Sharma
Pre-requisites for preparation EOQ Model

Topic No. 6.0

Topic Name
Brief outline of deliverables
Book reference
Pre-requisites for preparation
P and Q model; Service Level, Safety Stock
Alternative approaches for selecting control of inventories. Case study
authored by the faculty on Inventory (Case C)
EOQ and POQ model

Topic No. 7.0

Topic Name Probabilistic Models; News boy problem
Brief outline of deliverables Inventory planning for a single-period demand
Book reference
Pre-requisites for preparation EOQ Model, Probability

Topic No. 8.0

Topic Name Forecasting Methods Qualitative and Quantitative
Brief outline of deliverables Introduction to FC
Book reference
Pre-requisites for preparation

Topic No. 9.0

Topic Name Quantitative FC: SMA, WMA and ES
Brief outline of deliverables Basic FC Methods - Time Series
Book reference
Pre-requisites for preparation

Topic No. 10.0

Topic Name FC - Associative Models
Brief outline of deliverables Correlation and Regression
Book reference
Pre-requisites for preparation

Topic No. 11.0

Topic Name
Brief outline of deliverables
Book reference
Pre-requisites for preparation
Forecasting Errors and interpretation
MAD, MAPD, Errors, Bias, RSFE, MSFE.
Forecasting at ACAT Corp. – Jitendra Sharma – Ivey Cases –
9B13D016W

Topic No. 12.0

Topic Name
Brief outline of deliverables
Book reference
Pre-requisites for preparation
What is aggregate planning, steps in aggregate planning, Aggregate
planning techniques, The need for aggregate operations planning,
Level strategies
What are the steps involved in an aggregate planning?
Operations Planning

Topic No. 13.0

Topic Name
Brief outline of deliverables
Book reference
Pre-requisites for preparation
Chase and mixed Strategy, Examples,Aggregate operations Planning
Methods
How to evaluate chase and mix level production strategies.
Operations planning

Topic No. 14.0

Topic Name
Brief outline of deliverables
Book reference
Pre-requisites for preparation
Optimal Methods of AOP, Aggregate operations Planning using
Transportation methods
Transportation methods,
Operations Planning

Topic No. 15.0

Topic Name
Brief outline of deliverables
Book reference
Pre-requisites for preparation
Independent and dependent demand,Introduction to Materials
Requirement Planning, MRP terminologies, MPS, BOM, Inventory
record, MRP Computations Inputs and Outputs of MRP
What are the building blocks of the materials planning methodology?
Demand Forecasting

Topic No. 16.0

Topic Name Determining Lot sizing in MRP, LFL,FOQ, POQ, Least cost Method
Brief outline of deliverables What are the steps involved in the MRP methodology?
Book reference ,MRP at ACAT Corp. - #W12868 HBPS/IVEY
Pre-requisites for preparation Demand Forecasting

Topic No. 17.0

Topic Name Operations Strategy
Brief outline of deliverables Competitiveness, Mission , Vision, Order Winners and Qualifiers
Book reference
Pre-requisites for preparation

Topic No. 18.0

Topic Name
Brief outline of deliverables
Book reference
Pre-requisites for preparation
Definition of lean manufacturing, describing types of wastes and waste
elimination as the core logic of lean;, value-added and non-value
added activities, JIT
What are the structural and planning elements required for a lean
manufacturing system?
Case on Kanban

Topic No. 19.0

Topic Name Value stream mapping, Basic elements of Lean system, small lot sizes,
kanban, poka-yoke, TPM, 5S
Brief outline of deliverables How is kanban used as a production planning and control tool in just-
in-time system?
Book reference
Pre-requisites for preparation Production planning

Topic No. 20.0

Topic Name
Brief outline of deliverables
Book reference
Pre-requisites for preparation
Supply Chain Management: Introduction, supply chain concept, major
supply chain issues
Understanding various concepts of supply chain management
Text Book, reference books

EVALUATION PARAMETERS
Sr. No. Parameter Weightage Exam Type Exam Mode Remarks
Name
1 AOL 20 N/A
Examination
2 Quiz Non ERP 20 N/A
3 Group 20 N/A
Assignment
4 End Term 40 Written closed book