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Topics include the role of operations; the link between strategy and operations; productivity; decisions in the operations area; planning and control of inventory, projects and the transformation process including Total Quality management, Just-in-Time, kanban and ''lean production'' systems.
LECTUR E1 LSM 733Production Operations Management OSMAN BIN SAIF Self Introduction • • Finance Graduate; – MSC Accounting and Finance (University of Exeter, UK) – MBA- Finance (SZABIST, Islamabad) – Certified Financial Consultant (IFC , Canada) – Certifications in Project Management, Monitoring and Evaluation and Research Policy Development and Futures Consultant with SDPI Agenda for this Session • Course Mission • Course Objectives • Expected Student Learning Outcomes – General – Specific • Generic Skills • Recommended Reading Text Book Agenda for this Session (Contd.) • • Class Procedures – Presence – Participation – Internet exploration Assessment System – Quiz Test – Mid term exam – Final Exam Agenda for this Session (Contd.) • Course Structure / Contents • Grading System • Guidelines for written work, assessment and plagiarism COURSE MISSION • The Production Operations Management course prepares students for leadership positions in the production and service industries SUBJECT OVERVIEW • Topics include the role of operations; the link between strategy and operations; productivity; decisions in the operations area; planning and control of inventory, projects and the transformation process including Total Quality management, Justin-Time, kanban and 'lean production' systems SUBJECT OVERVIEW (Contd.) • Students will understand the principles and practice of factors which influence the capacity to compete effectively in manufacturing and service operations COURSE OBJECTIVES Understand the role of operations management in the overall business strategy of a firm Understanding the interdependence of the operating system with other key functional areas, like marketing, finance, accounting, human resource, etc COURSE OBJECTIVES (Contd.) Identifying and evaluating key factors and the interdependence of these factors in the design and control of effective operating systems Learning how to use a range of concepts and analytical tools to solve common operational problems such as demand forecasting, capacity planning, quality 10 control, production planning, material COURSE STRUCTURE/ CONTENTS (Contd.) • Chapter 3: Aggregate Scheduling – The planning process – The nature of aggregate planning – Aggregate planning strategies – Methods of aggregate planning – Aggregate planning in services – Yield management 40 COURSE STRUCTURE/ CONTENTS (Contd.) • Chapter 4: Material Requirement Planning – Dependant demand – Dependant inventory model requirements – MRP structure – MRP management – Lot sizing techniques – Extensions of MRP 41 COURSE STRUCTURE/ CONTENTS (Contd.) • Chapter 5: JIT, Lean operations – JIT – JIT layout – JIT inventory – JIT scheduling – JIT quality – Lean operations – Lean operations in services 42 COURSE STRUCTURE/ CONTENTS (Contd.) • Chapter 6: Maintenance and Reliability Operations – The strategic importance of maintenance and reliability – Reliability – Maintenance – Total productive maintenance – Techniques for enhancing maintenence 43 COURSE STRUCTURE/ CONTENTS (Contd.) • Section 4: Quantitative Modules – Chapter 1: Decision Modeling • The decision process in operations • Fundamentals of decision making • Decision tables • Decision trees 44 COURSE STRUCTURE/ CONTENTS (Contd.) • Chapter 2:Transportation Modeling – Transportation modeling – Developing an initial solution – The stepping stone method – Special issues in modeling 45 COURSE STRUCTURE/ CONTENTS (Contd.) • Chapter 3: Queuing Models – Queuing theory – Characteristics of the waiting line models – Queuing costs – The variety of queuing models – Other queuing approaches 46 GRADING SYSTEM GRADE A % B 80-100 70-79 C D F 60-69 50-59 0-49 47 GRADING SYSTEM (Contd.) • • • D (50-59) means that you are able to summarize and order readings relevant to the topic • C (60-69) means that you this with some greater precision and flair or more comprehensively and/or accessibly 48 GRADING SYSTEM (Contd.) • • • B (70-79) indicates that you have shown evidences of substantial and well argued independence of thoughts, insightful evaluation, or original research • A (80-100) indicates that you have added significant new values to existing knowledge or understanding through logic or evidence of some ingenuity, creativity, or excellence 49 • GUIDELINES FOR WRITTEN WORK, ASSESSMENT, AND At the University level, a high quality PLAGIARISM presentation and content is required All works should be typewritten, proofread, and checked for accuracy before submission Marks will be deducted for lack of referencing The University has strict rules regarding honesty inassessment 50 • GUIDELINES FOR WRITTEN WORK, ASSESSMENT, AND All students should be aware of the rules PLAGIARISM (Contd.) concerning misconducts in-assessment, which prohibit certain behaviors, such as: • • No part of the work has been copied from any other person’s work except where due acknowledgement is made in the text, 51 • GUIDELINES FOR WRITTEN WORK, ASSESSMENT, AND • No PLAGIARISM part of the work has(Contd.) been written by any other person except where such collaboration has been authorized by the lecturer concerned, and • • No part of the work has been submitted for assessment in another course in this or another part of the university except where authorized by the lecturer concerned 52 Summary of this Session • Self Introduction • Course outline, Procedures and Structure 53 THANK YOU 54 ... CONTENTS (Contd.) • Section 1: Introduction to Production Operations Management – Chapter 1: Introduction to Production Operations Management • What is production operations management? • Organizing... GRADE A % B 80 -1 0 0 7 0-7 9 C D F 6 0-6 9 5 0-5 9 0-4 9 47 GRADING SYSTEM (Contd.) • • • D (5 0-5 9) means that you are able to summarize and order readings relevant to the topic • C (6 0-6 9) means that... practical problems 19 RECOMMENDED READING TEXT BOOKS: • Operations Management by Jay Heizer and Barry Render, 10 th Edition 20 RECOMMENDED READING TEXT BOOKS (Contd.) • Modern Production / Operations