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