Introduction to Material-Management

Jun 28th, 2015
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Abilene Christian University
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Chapter One – Introduction to Materials Management • Lead time shrinks and inventory increases as you go from 1) engineer to order 2) make to order 3) assemble to order 4) make to stock

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Chapter One - Introduction to Materials Management- Lead time shrinks and inventory increases as you go from 1) engineer to order 2) make to order 3) assemble to order 4) make to stock - Three critical elements of the supply chain are 1) flow of materials 2) flow of information 3) fund transfers - Manufacturing Planning and Control consist of 1) Production Planning 2) Implementation and Control 3) Inventory Management - Production Planning includes 1) forecasting 2) master planning 3) material requirements planning 4) capacity planning - Implementation and Control includes 1) Production Activity Control 2) Purchasing - Five basic inputs to the Manufacturing Input and Control system are 1) Product description / bill of material 2) Process specifications 3) Time needed to perform operations, in standard time 4) Available facilities and human resources 5) Quantities required - Physical supply and distribution includes 1) transportation 2) distribution inventory 3) warehousing 4) packaging 5) materials handling 6) order entry Chapter Two - Production Planning System- Priority - what is needed, how many and when; Capacity is the capability to produce goods and services. In the long run, they must be in balance - Manufacturing Planning and Control System has five levels (sorted by level of detail): 1. Strategic Business Plan 2. Production Plan 3. Master Production Schedule 4. Material Requirements Plan 5. Production Activity Co

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