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IMN503 :OPERATION MANAGEMNT-I
Module-1 :Nature & Scope of Production & Operations Management :
Nature of Production, Production as a system, Production as an organization function,Decision making in production, Importance of production function, Scope of Production &Operations management, Evolution of production function, Characteristics of ModernProduction & Operations function, Productive system – examples, products vs. services.
Module-II:Forecasting for Operations: Nature and use of forecast, Sources of Data,
Forecasting model – Quantitative or Time series Methods (simple Moving Average,
weighted Moving Average, Exponential Smoothing Models, Forecast errors) Qualitative or
judgmental methods (Delphi method, Market survey, Historical Analogy), Accuracy of forecasting Methods.
Module-III: Product Design and Analysis:
Concept, Product development –concept and steps; Product Life Cycle, Process design, Interrelationship of product design & process design, Process technology, Process technology life cycle, Economic analysis of production processes (cost function of processing alternatives, operating leverage, break even analysis, financial analysis). Five year Integrated MBA Syllabus for admission batch 2016-17
Module-IV: Inventory Management: Meaning & definition, Objectives of inventories, Inventory Management & control, Factors influencing
inventory management & control, Benefits, Process of Inventory mgmt. & control,
Inventory control techniques – ABC, HML, VED, SDE, FSN, EOQ, MRP & JIT, Kanban,
Japanese Inventory system.