Fundamentals of Operation Planning and MRP Systems

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In this course you will learn about the single-period model which is known as the Newsboy problem as well as how it is applicable in aggregate sales and operations planning. The various discrete stocking levels and the requirements for effective inventory control and management will also be covered in this course. Then the course will teach you about the concept of material requirements planning (MRP) as well as the various types of improvements in the MRP system.Then this course will teach you about the process of lot-sizing in MRP systems as well as the various models that are used in lot sizing. Furthermore this course will teach you about the concept of enterprise resources planning (ERP) and then introduce you to aggregate sales. Lastly this course will teach you about operations planning with regards to aggregate sales demand options and aggregate sales supply options.This course is helpful for learners who want to gain an understanding of the various models that are applicable to operations planning. This course is also helpful when you are looking to improve your understanding of the requirements for inventory control and management. Begin this course now to improve your knowledge of material requirements planning (MRP) systems and how they are applied in operations planning.