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Inventory Planning and Control OPMT 1192

Operations Management Course

International Fees

International fees are typically three times the amount of domestic fees. Exact cost will be calculated upon completion of registration.

Course details

This course presents and examines inventory concepts as applied in manufacturing and distribution environments and the inter-relationships between them. It covers the following: objectives, planning levels, demand types, forecasting, order point systems, MRP, different costing types, ABC analysis, purchasing, capacity and warehouse controls. Students will be encouraged to apply these concepts at their workplaces.

Prerequisite(s)

  • No prerequisites are required for this course.

Credits

3.0

Domestic fees

$539.32 - $580.18 See individual course offerings below for actual costs.

Course offerings

Winter 2024

Below are two offerings of OPMT 1192 for the Winter 2024 term.

CRN 88318

Duration

Mon Jan 08 - Mon Mar 25 (12 weeks)

  • 12 weeks
  • CRN 88318
  • Domestic fees $539.32
    International fees are typically three times the amount of domestic fees.
Class meeting times
Dates Days Times Locations
Jan 08 - Mar 25 N/A N/A Online
Instructor

Wayne Arondus

Course outline

View

Domestic fees

$539.32

Important information
  1. Internet delivery format.
  2. Important course information will be sent to you prior to your course start date. Check your myBCIT email account to access this information.
  3. International fees are typically three times the amount of domestic fees. Exact cost will be calculated upon completion of registration.
  4. This course is asynchronous, and does not require you to meet each and every week at a specific time, however, there will be specific timelines for assignments and exams. It is important you have a stable and consistent internet connection to access course content. Course content, type and quality of assignments, and general standards for this online course are the same as classroom courses. To be successful in this online course, plan to spend 7-10 hours per week on your studies, or more of it’s a condensed course, starting Week 1. Important course information will be sent to your myBCIT account prior to your course start date.
Status

In Progress and Full

This course offering is in progress and full. Please check back next term or subscribe to receive email updates.

CRN 12011

Duration

Tue Jan 09 - Tue Mar 26 (12 weeks)

  • 12 weeks
  • CRN 12011
  • Domestic fees $580.18
    International fees are typically three times the amount of domestic fees.
Class meeting times
Dates Days Times Locations
Jan 09 - Mar 26 Tue 18:45 - 21:45 Burnaby NE01 Rm. 422
Instructor

Wayne Arondus

Course outline

View

Domestic fees

$580.18

Important information
  1. International fees are typically three times the amount of domestic fees. Exact cost will be calculated upon completion of registration.
Status

In Progress and Full

This course offering is in progress and full. Please check back next term or subscribe to receive email updates.

Spring/Summer 2024

Below is one offering of OPMT 1192 for the Spring/Summer 2024 term.

CRN 67364

Duration

Wed Apr 10 - Wed Jun 26 (12 weeks)

  • 12 weeks
  • CRN 67364
  • Domestic fees $580.18
    International fees are typically three times the amount of domestic fees.
Class meeting times
Dates Days Times Locations
Apr 10 - Jun 26 Wed 18:30 - 21:30 Burnaby SE12 Rm. 309
Instructor

Wayne Arondus

Course outline

Course outline TBD — see Learning Outcomes in the interim.

Domestic fees

$580.18

Important information
  1. International fees are typically three times the amount of domestic fees. Exact cost will be calculated upon completion of registration.
Status

Full

This course offering is full. Please check back next term or subscribe to receive email updates.

Learning Outcomes

Upon successful completion of the course, the student will be able to:

  • Understand the conflicts between marketing (sales) finance and production when controlling supply, manufacturing planning, and physical distribution
  • Understand the hierarchy of controls as it relates to manufacturing - (SP, PP, MPS, MRP, PAC)
  • Know the basis of planning systems, achieving forecasts (budgets) and keeping desired inventory levels
  • Apply a master production schedule (MPS) to form the link between production planning and manufacturing, scheduling and load leveling
  • Establish a material requirements plan (MRP) using lead time and capacities
  • Recognize the importance of Capacity Planning and Capacity Management
  • Use the master production schedule and the materials requirements plan to release orders through the production activity control (PAC)
  • Know how and when to purchase at the right time and the right amount
  • Understand the fundamentals of forecasting techniques
  • Understand the functions of warehousing, distribution and transportation classifications
  • Know how to create effective physical controls and security of stock, inventory accuracy and records
  • Learn important formulas to calculate Order points, Safety Stock, Economic Order Quantities and other inventory parameters
  • Recognize the importance of inventory management and the effects it has on the business from all aspects including cash flow, aging accounts, purchasing and Owners Equity
  • Analyze the requirements for effective warehouse management, including the main elements to consider when determining the size, location, layout and material handling equipment
  • Understand basic principles of accounting and how to manages a company with the strategic business plan, S&OP planning through to the PP, MPS and MRP
  • Understand basic metrics and KPI's to effectively manage the different levels of the business to achieve the overall business strategic plans

Effective as of Winter 2021

Related Programs

Inventory Planning and Control (OPMT 1192) is offered as a part of the following programs:

School of Business + Media

  1. Operations Management (Industrial Engineering Option)
    Certificate Part-time
  2. Operations Management (Materials Management Option)
    Certificate Part-time
  3. Quality and Process Management
    Certificate Part-time

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