Production planning and control as per new syllabus of leading universities dr. Now an important topic related to management of inventory systems, we intend discuss in detail. Inventory management is obliged for the goods in inventory, also to their inward flow and outward flow. Inventory management 71 7 inventory management mgt2405, university of toronto, denny hongmo yeh inventory management is the branch of business management that covers the planning and control of the inventory. Good accounting practices inventory management focuses on. Properly structured, accurate bom and tight control of engineering. What are the websites for nptel online assignment solutions. Anna university regulation 20 mech ie6605 ppc notes for all 5 units and mech 8th sem ie6605 production planning and control lecture handwritten notes are listed down for students to make perfect utilization and score maximum marks with our study materials. Inventory control study notes for mechanical engineering. Multiple quantity discount, multiple item inventory constraint on numbers of. This consists of strict polices and processes in regards to. Ie6605 ppc notes, production planning and control lecture.
Automatic control systems, farid golnaraghi and benjamin c kuo, 9th edition, john wiley and sons. Anthony kelly, in plant maintenance management set, 2006. Nptel has changed the links of pdf lecture notes since august 2019. Inventory management is a very important function that determines the health of the supply chain as well as the impacts the financial health of the balance sheet. These companies frequently have 1530% more inventory than they need and lower service levels. Mod04 lec10 inventory eoq model graphs, with backordering. Pradip kumar ray department of industrial and systems engineering indian institute of technology, kharagpur lecture 26 dynamic inventory problems under risk so, during the 6th week of our the lecture sessions.
Control and management processes work measurement plant layout and material handling inventory control scheduling cadcam and cnc human factorsergonomics engineering economy information systems. How to download notes directly in pdf format from nptel. We can also be defined inventory as a comprehensive list of movable items which are required for manufacturing the products and to maintain the plant facilities in working conditions. Organisation of engineering systems and human resources management.
Material management is an essential function for achieving economy. Application of industrial engineering theory and practice to the area of operations management and production planning control. There are some selective inventory control methods to have an effective control on the inventory. Inventory management and production planning and scheduling, john wiley. Nptel s assignments can be done by yourself, just try them once, trust me. With so many stake holders involved, the inventory management becomes a critical aspect of construction project management. Inventory control various types of analysis abc classification ved analysis. In most inventory models, just one product is being considered at a time. Lecture series on project and production management by prof. Inventory control is the process by which inventory is measured and regulated according to predetermined norms such as economic lot size for order or production. Srinivasan, department of management studies, iit madras. Majority of video courses on nptel do not offer lecture notes for download.
Free download engineering ebooks pdf ppt lecture notes. Inventory control eoq model reorder point lecture 2. Control systems full semester course classroom notes ebook. Sumit thakur april 1, 2017 free download inventory management ppt with pdf. By contrast, companies that reported using new optimization methods, commonly drove 2030% reductions in onhand inventory and 1020% improvements in time to market. Lectures notes on production and operation management vssut. In 20th century, with the advancing of the scientific management principles by f. Prof pradip kumar ray is a professor in the department of industrial and systems engineering, indian institute of technology iit, kharagpur, india. Vaidhyasubramaniam,department of management,iit madras. School of mechanical engineering sathyabama university.
Mod04 lec09 inventory models costs, eoq model youtube. Topics covered in the notes for control systems engineering pdf bakshi 1 introduction to control system 2 mathematical model of linear systems 3 transfer functions 4 block diagram 5 signal flow graphs 6 system stability 7 root locus plots 8 bode plots. Just one such policy will therefore be presented here, and then only in sufficient outline to illustrate the basic principles, the main. Nptel video courses information in supplementary formats pdf transcriptions, html5 support, video subtitles for media player web, video size total nptel video courses. A read is counted each time someone views a publication summary such as the title, abstract, and list of authors, clicks on a figure, or views or downloads the fulltext. Engineering costs and production economics 10 1986, pp. Inventory control techniques represent the operational aspect of inventory management and help realize the. Lecture notes logistics and supply chain management. Keeping control of your stock so that youre able to hold the least amount of inventory in your warehouses makes for easier organization, lower holding costs, better cash flow, and more space within your warehouses. Some courses might have presentations or quiz papers uploaded, but rest of them just have transcripts which is pretty useless to refer as notes. Issues in supply chain strategy pdf courtesy of don rosenfield. Unit i introduction objectives and benefits of planning and control functions. Arun kanda, department of mechanical engineering, iit delhi.
Inventory is defined as the list of movable goods which helps directly or indirectly in the production of goods for sale. The purpose of this note is to put quality management into perspective, and to highlight its critical importance, as well as to present indepth ideas on different methodologies, tools and techniques proposed for product and process improvement. Nptel provides elearning through online web and video courses various streams. Id name of the engineering discipline total video courses total video lectures size gb. Modern control engineering, katsuhiko ogata, pearson education inc. Find materials for this course in the pages linked along the left. Inventory control policies for fastmoving spares have been covered fairly extensively in various textbooks including the authors 1. Application of abc analysis for material management of a. Nptel management operations and supply chain management. Nptel provides elearning through online web and video courses in engineering, science and humanities streams. Construction industry involves multi echelon supply chain.
Both examples deal with one specific product speakers for a certain kind of television set or a certain bicycle model. The importance of inventory control in business increased dramatically with the. Forecast demand independently for each item based on usage history establish lot sizes independently for each item based on demand forecasts establish safety stocks independently for each item based on forecast errors which make the following assumptions. Inventory control an overview sciencedirect topics. Introduction the term inventory means the value or amount of materials or resource on hand. Lecture notes in html under construction january 10, 2019. In the previous chapters, we have discussed priority and capacity planning and control. Inventory control focuses on the process of movement and accountability of inventory. Materials management and inventory control nptel indian. Nptel provides elearning through online web and video courses various.