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👉 Check Latest PriceProduction planning and the need for it is the main focus of this course. Learn about the activities carried out under production planning and control and how you can engage properly in this process. Study the concepts of aggregate planning material master production schedule the stages of planning and production control.This course also introduces you to capacity planning including different methods used to deal with long- and short-term capacity planning. You will also learn about scheduling and priority sequencing.Following this you will focus on inventory especially in how it relates to engineering projects. You will learn about the ABC analysis of inventory the QR model and the periodic inventory models. You will also learn how to establish optimum lot size formula and how to take into account the lead time in determining the reorder point. Finally you will be introduced to the Wilson model and the gradual replenishment model of inventory.