Production Planning and Inventory Control Strategies

Objectives

• Understand the principles of production planning and inventory control
• Develop skills to optimize production processes and inventory levels
• Implement strategies to reduce costs and enhance operational efficiency
• Analyze demand forecasting and its impact on production planning
• Utilize inventory control techniques to improve supply chain performance

Content

Introduction to Production Planning and Inventory Control

• Key concepts of production planning
• Importance of inventory control in manufacturing
• Balancing demand and supply in production
• Types of production systems and inventory

Techniques for Effective Production Planning

• Master production scheduling (MPS)
• Material requirements planning (MRP)
• Capacity planning and resource allocation
• Role of lean manufacturing in production efficiency

Inventory Control Strategies

• ABC analysis for inventory management
• Economic Order Quantity (EOQ) and Just-in-Time (JIT) methods
• Safety stock and reorder point determination
• Inventory tracking systems and tools

Integrating Production Planning and Inventory Management

• Aligning production plans with inventory goals
• Demand forecasting and inventory optimization
• Managing supply chain disruptions
• Measuring performance through KPIs and analytics

DATE:

1ST BATCH: 21st – 24th Jan,                                         2025    

2ND BATCH: 20th – 23rd May,                                    2025

3RD BATCH: 7th – 10th Oct,                                          2025