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

$542.82

Fall 2021

Below are five offerings of this course for the Fall 2021 term.

CRN 47328

Tue Sep 07 - Tue Nov 23 12 Weeks

Class Meeting Times

Dates Days Times Locations
Sep 07 - Nov 23 Tue 18:30 - 21:30 BBY SW01 Rm. 2010

Instructor

Wayne Arondus

Course Outline

TBD – see Learning Outcomes in the interim

Cost

$542.82

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 46266

Wed Sep 08 - Wed Nov 24 12 Weeks

Class Meeting Times

Dates Days Times Locations
Sep 08 - Nov 24 Wed 18:30 - 21:30 BBY SE12 Rm. 313

Instructor

Wayne Arondus

Course Outline

TBD – see Learning Outcomes in the interim

Cost

$542.82

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 47329

Thu Sep 09 - Thu Dec 09 12 Weeks

Class Meeting Times

Dates Days Times Locations
Sep 09 - Dec 09 Thu 18:30 - 21:30 BBY

Instructor

TBD

Course Outline

TBD – see Learning Outcomes in the interim

Cost

$542.82

Notes

  1. No class on November 11
  2. 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 has been cancelled. Please check back next term or subscribe to receive email updates.

Cancelled

CRN 30826

Mon Sep 13 - Mon Dec 06 12 Weeks

Class Meeting Times

Dates Days Times Locations
Sep 13 - Dec 06 Mon 18:30 - 21:30 BBY SE06 Rm. 114

Instructor

Wayne Arondus

Course Outline

TBD – see Learning Outcomes in the interim

Cost

$542.82

Notes

  1. No class on Monday October 11
  2. 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 48653

Thu Sep 16 - Thu Dec 16 12 Weeks

Class Meeting Times

Dates Days Times Locations
Sep 16 - Dec 16 Thu 18:30 - 21:30 Online

Instructor

Wayne Arondus

Course Outline

TBD – see Learning Outcomes in the interim

Cost

$542.82

Notes

  1. Internet delivery format.
  2. No class on Sept 30 and Nov 11. You have registered for a course that will be held entirely online, however this is a synchronous course which requires you to be online on the posted days and times shown on your myBCIT schedule. In this course, you will be using an online teaching tool called the Learning Hub, also known as D2L or Brightspace. The Learning Hub is where your instructor will share information, resources, assignments, deadlines and this is where you will submit your work, and communicate with both your instructor and classmates. Ensure that you are able to log in before your course starts. To log in, view your courses, set up notifications, and access the tools you need, please go directly to the Learning Hub at https://learn.bcit.ca/d2l/home. Access to this course will be available either on or shortly before the start date. It is important you have a stable and consistent internet connection to access course content. Please check the following link to ensure you meet the computer requirements for the class. https://www.bcit.ca/files/business/pdf/bcit-sobm-byod.pdf Now that you are registered for a course, please check your myBCIT account daily for messages from BCIT and/or your instructor. https://my.bcit.ca/cp/home/displaylogin

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

In Progress

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 Fall 2021 term.

The sneak preview for the Winter 2022 term starts Fri, Oct 22 at 8:30 am (PDT).

Students may register for Winter 2022 term courses online or by phone starting Wed, Oct 27 at 9:00 am (PDT).

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