Fundamentals of Operation Planning and MRP Systems 

Learners who want to gain an understanding of the various models that are applicable to operations planning

Discuss the single-period model or newsboy problem

Explain the concept of discrete and continuous stocking levels

Identify the requirements for effective inventory management

Discuss the concept of material requirements planning and MRP inputs

Identify the terms used in MRP processing

Explain the concept of lot sizing and various models of lot sizing

Discuss intermediate planning and aggregate planning in perspective

Identify the supply chain and various demand options

Discuss the basic strategies for meeting uneven demands

This online fundamental of operations planning and MRP systems will teach you about the single-period model which is known as the Newsboy problem, as well as the requirements for effective inventory control and management

You will also learn about the concept of material requirements planning (MRP), as well as the various types of improvements in the MRP system and lot-sizing models

This course is also helpful when you are looking to improve your understanding of the requirements for inventory control and management