33:799:301 Lecture Notes - Lecture 6: Manufacturing Resource Planning, Production Planning, Enterprise Resource Planning
11 Feb 2019
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Document Summary
Element of supply chain management for determining how best to satisfy the requirements created by demand plan. Objective is to balance supply and demand to realize financial and service objectives. Operations managers are involved in planning operations and resources to balance capacity and output. Combination of all planning and processes that are used across the supply chain. Planning for actionas like construction of facilities and major equipment purchases. Detailed planning process for components and parts to support master production schedule. Short range = operations managers, supervisors, foremans. Synchronizes purchasing of materials procurement plan with the master production schedule. System feeds back info about completed manufacture and materials on hand into mrp system so that plans can be adjusted accordingly. Computer based system that can create detailed production schedules using real time data. Coordinates arrival of materials with the availability of machine and labor.
