This course covers basic concepts in managing the complete flow of materials in a supply chain and provides a complete overview of material flow from internal and external suppliers to and from an organization.

Major Topics

• Businesswide concepts
• Demand planning
• Transformation of demand into supply
• Supply

Objectives

• Understand the role, objectives, and responsibilities of materials management
• Describe basic forecasting principles and techniques
• Understand the functions of production planning and master scheduling
• Explain the role of material requirements planning in the planning process
• Describe the objectives of capacity management and how it relates to priority planning • Describe the purpose of inventory and the objectives of inventory
• management
• Define purchasing, purchasing objectives, and the purchasing cycle
• Define Just-in-Time (JIT)
• Demonstrate how total quality management (TQM) can reduce lot size, lead time, and work in process