In week six you will delve into two key chapters and two closely related subjects:
chapter 11 - Aggregate Planning and Chapter 13 - Inventory Management.
Before attacking this week's discussion forum, you will want to read, make notes from, and thoroughly understand several key concepts:
- Aggregate Planning
- Supply Chain Management
- Master Scheduling
- Inventory Management
- Demand Forecasting and Lead Times
- Economic Order models
- Economic Production Quantities
- Strategies for managing uneven demand
- Tools and/or systems used to control inventory, establish EOQs, and forecast demand
- Day-to-day scheduling methods and systems
Once you have a good handle on each of these concepts and how they affect a business, pick any 4 concepts that you want to evaluate where you work. If you are not familiar with planning, supply chain management, inventory management, and order models within your business, find someone who is and gather information as to how your organization manages planning and inventories. If you are in a service related business, how are some of the concepts related to your business?
Formatting & Referencing: APA