British Columbia Institute of Technologywww.bcit.ca/study/courses/opmt1192

Important Notice: COVID-19 Institute response

BCIT

OPMT 1192 - Inventory Planning and Control

Operations Management Part-time Studies Course

School of Business + Media

BCIT is planning for a substantial return to on-campus activity for the fall 2021 term as informed by BC Public Health Officer guidelines. Refer to each course listing for details.

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.

Credits

3.0

Cost

$531.31

Spring/Summer 2021

Below are three offerings of this course for the Spring/Summer 2021 term.

CRN 66825

Tue Apr 06 - Tue Jun 22 12 Weeks

Class Meeting Times

Dates Days Times Locations
Apr 06 - Jun 22 Tue 18:30 - 21:30 Online Delivery
See Notes below

Instructor

Wayne Arondus

Course Outline

TBD – see Learning Outcomes in the interim

Cost

$531.31

Notes

  1. Important course information will be sent to you prior to your course start date. Check your myBCIT email account to access this information.

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

In Progress and Full

CRN 67364

Wed Apr 07 - Wed Jun 23 12 Weeks

Class Meeting Times

Dates Days Times Locations
Apr 07 - Jun 23 Wed 18:30 - 21:30 Online Delivery
See Notes below

Instructor

Wayne Arondus

Course Outline

TBD – see Learning Outcomes in the interim

Cost

$531.31

Notes

  1. Important course information will be sent to you prior to your course start date. Check your myBCIT email account to access this information.

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

In Progress and Full

CRN 67365

Thu Apr 08 - Thu Jun 24 12 Weeks

Class Meeting Times

Dates Days Times Locations
Apr 08 - Jun 24 Thu 18:30 - 21:30 Online Delivery
See Notes below

Instructor

Wayne Arondus

Course Outline

TBD – see Learning Outcomes in the interim

Cost

$531.31

Notes

  1. Important course information will be sent to you prior to your course start date. Check your myBCIT email account to access this information.

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

In Progress and Full

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

OPMT 1192 is offered as a part of the following programs:

School of Business + Media

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

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Registration is currently open for the Spring/Summer 2021 term.

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