Engineering Economics: cost concepts - types of costs - cost functions. Cost controls: reduction – tools & applications. Pricing policies – methods – problems.
Process design and improvement – process capacity – process layout – process reengineering – job design. Work standards – work measurement – work sampling – problems.
Supply Chain Management – Basic Concepts, SC dynamics, push-pull boundary, integrated supply chain, logistics, customer relationship, supplier relationship – selection, rating and development, procurement, SC metrics and performance measurement - problems. Lean Manufacturing – concepts, wastes – tools viz., pull system, standardized work, takt time, kanban system, JIT, kaizen, SMED, 5S, value stream mapping, benefits of lean and implementation issues. Introduction to Six Sigma. Plant Location – globalization, factors affecting location decisions, facility location - Break-even method, rectilinear, factor-rating and centre of gravity – problems. Plant Layout – types, process layout, product layout, Systematic layout planning (SLP), Line Balancing problems. Capacity Planning – Aggregate Planning – importance, planning process, methods – problems.
Role of IT in business performance improvement – e-commerce – e-purchasing – Master Production Schedule, inventory lot sizing strategies, MRP basics – MRP explosion, Available to Promise (ATP) inventory – MRP calculations – MRP II – Scheduling – Gantt chart – Introduction to ERP – ERP software – ERP modules –ERP implementation.