Nptel video courses pack pdf format nptel user pack. Budget and budgetory control lecture 31 budgeting and standard costing lecture 32 standard costing. It is the focal point of many seemingly conflicting interests and considerations both short range and long range. Environmental air pollution environmental air pollution. Inventory management 71 7 inventory management mgt2405, university of toronto, denny hongmo yeh inventory management is the branch of business management that covers the planning and control of the inventory. Lecture inventory control basics of inventory control. This explains the usual saying that inventories are the graveyard of a business.
Find materials for this course in the pages linked along the left. If management does not feel comfortable with training the employees andor there are not enough resources to properly train all the employees on how to use the inventory control software, it is in the firms best. Modeling and simulation 7th sem it veer surendra sai. Apr 25, 2019 twobin inventory control is an inventory control system used to determine when items or materials used in production should be replenished. Nptel video lecture topic list created by linuxpert systems, chennaiget digimat digital media access terminal for highspeed video streaming of nptel and educational video courses in lan. This video lecture, part of the series industrial engineering by prof. Industrial engineering study notes hand written free. For view pdf file here disabling the download manager or you may also be able to configure the. An inventory control method is a way of managing an organizations parts, products, and assets. Inventory control study notes for mechanical engineering. To ensure availability of the supply of stock at all time. M process, production system, models of production system.
Nptel video lectures, iit video lectures online, nptel youtube lectures. Forecast demand independently for each item based on usage history establish lot sizes independently for each item based on demand forecasts establish safety stocks independently for each item based on forecast errors which make the following assumptions. Service level and safety stock in inventory management, service level is the expected probability of not hitting a stockout during the next replenishment cycle or the probability of not losing sales. This course will show you the best inventory models available, to ensure your goods and services flow to your customers without delay. Mukesh sharma department of civil engineering iit kanpur. This consists of strict polices and processes in regards to. Inventory serves following purposes within the firm. Arun kanda, department of mechanical engineering, iit delhi. Inventory control systems are processes used to track and manage inventory to ensure the business has enough on hand, so it doesnt run out but. Video lesson mechanical engineering production planning and control video lecture training, list videos, quiz, materials, useful links, documents and discussions for mechanical engineering production planning and control video lecture training.
Gate mechanical engineering production planning and control. The terms quality control and quality assurance are often used incorrectly. Good accounting practices inventory management focuses on. Importance, productivity ratio, productivity measurement, productivity index lecture 2 awareness improvement maintenance a. Sequencing model december 2015 question paper and solution december 2016 question paper and solution.
Introduction the term inventory means the value or amount of materials or resource on hand. Inventory is a necessary part of doing business and provided by most organizations in any sector of economy. Methodology in manufacturing industry, an organization requires to maintain a proper balance between critical stockout and reducing inventory costs. Ppt inventory management powerpoint presentation free to. This proposed project aims at inventory control in the restaurant and catering industry. It is the volume of stock at which order is placed or total quantity of buy or sell order. Higher machine utilization less rejections high product quality reduced workinprocess and inventory better control over production justintime manufacturing minimally manned operation easier to expand. Application of abc analysis for material management of a. Inventory management is the subject of this module.
Inventory control is the activities that maintain stock keeping items at desired levels. Inventory control touches almost every facets if operations. Inventory classification guide action storage marketplace. Mar 23 2020 nptel industrialengineeringbymmahajan 33 pdf literature search and download pdf files for free. Production planning and control by mahajan pdf free 14 by. Production planning and control ppc functions look after the manufacturing activities. Operations research can also be treated as science in the sense it describing, understanding and. Computer model of queuing, inventory and scheduling systems. Nptel syllabus plantwide control of chemical processes video course course outline the issue of control structure selection, where the control system designer must make decisions as to what variables need to be controlled and the corresponding manipulated variables, is usually treated in a very perfunctory manner in courses on control theory. As a result we narrow our software down to our case study of an outlet of guckenheimer concentrating only on the basic resources utilized in inventory control of the outlet.
In the previous chapters, we have discussed priority and capacity planning and control. The central computer controls the overall operation and coordination amongst the various constituents of the fms system. Lecture 8 depreciation, inventory, goodwill lecture 9 inventory valuation, cash flow lecture 10 cash flow statement cases. Twobin system have a main stockpile of goods and a backup stockpile. How to download all of the lectures for a course in nptel.
If you have watched this lecture and know what it is about, particularly what mechanical engineering topics are discussed, please help us by commenting on this video with your suggested description and title. Mod04 lec09 inventory models costs, eoq model youtube. Nptel video lecture topic list created by linuxpert. Lesson plan for production and operation management subject code.
Go to nptel web site open the video which u wan to dowload on the top of the video u find three options videowatch on youtubevideo download click on the 3rd tab video download u find the options for download select the appropriate type of download u want and click on it. In inventory control is primarily concerned with the inventory cost control. Nov 03, 2012 inventory is a necessary part of doing business and provided by most organizations in any sector of economy. Pgchsm 20 inventory control techniques page 3 inventory control focuses on the process of movement and accountability of inventory. Nptel, gate, ibps, video lessons, engineering courses, job. Inventory control in a production environment many products, many component parts complex product indenture structure production creates lumpy demand major concepts dependent demand versus independent demand requirements calculation versus demand forecasting schedule flow versus stockpile assets information replaces inventory. It depends on materials, tools, machines, type of labor, working conditions etc. Nptel provides elearning through online web and video courses various streams.
Nptel online videos, courses iit video lectures well organized. Attracting potential candidates to seek position 3 2. These videos are provided by nptel elearning initiative. Fundamentals of operations research nptel online videos. Inventory control eoq model reorder point lecture 2. The twobin inventory control method is mainly used for. Mod09 lec35 introduction to supply chain management. Designing a sound inventory control system is in a large measure for balancing operations. Length of simulation runs, validation, variance reduction techniques. Material cost sums up to be more than 50% of the total cost which demands for the need of managing materials. Inventory control inventory models om20 p r o d u c t s i n i n v e n t o r y time q inventory control simple in theory one product, level demand, fixed delivery time etc. Lectures notes on production and operation management. Video attached herewith gives an overview of a fms system figure 1. Mar 23 2020 nptelindustrialengineeringbymmahajan 33 pdf literature search and download pdf files for free.
Inventory control focuses on the process of movement and accountability of inventory. Inventory management is a systematic approach to sourcing, storing, and selling inventoryboth raw materials components and finished goods products. Nov 27, 2018 prebook pen drive and g drive at teacademy. Sadly, inventory classification methods are also littered with abstruse acronyms, which can lead managers to avoid them like the plague. A proper balance must be struck to maintain proper inventory with the minimum financial impact on the customer. Lecture 30 budget and budgetory control lecture 31 budgeting and standard costing digimat the no. Nptel video lecture topic list created by linuxpert systems. Inventory exists because supply and demand are difficult to synchronize perfectly and it takes time to perform materialrelated operations.
Lecture notes soil behavior civil and environmental. Inventory control involves process, procedures, and infrastructure to maintain the inventory at the desired level. Quality control qc may be defined as a system that is used to maintain a desired level of quality in a product or service. In business terms, inventory management means the right stock, at the right levels, in the right place, at the right time, and at the right cost as well as price. Inventory control is the process by which inventory is measured and regulated according to predetermined norms such as economic lot size for order or production. Dwivedi, does not currently have a detailed description and video lecture title. Lecture notes operations management sloan school of.
Acca f2 lecture, acca f2 inventory control part a the. Production planning and control pdf notes ppc pdf notes. Jun 25, 2012 32 videos play all operations and supply chain management nptel yr11r21eg for the love of physics walter lewin may 16, 2011 duration. Process control and instrumentation nptel online videos.
Nptel video course management managerial accounting subject coordinator dr. Thus, the assumption pertaining to the order received at one point in time part of assumption two in module 5. Inventory control various types of analysis abc classification ved analysis. Minmax system set high and low inventory quantities. Discuss types of inventory cost within the materials management forums, part of the publish upload project or download reference project category. Filter bags ranging from 18 to 9 m long, can be utilized in a bag house filter arrangement the upper ends are closed and the lower ends are. John, im having a few questions but first i wanna say im enjoying my study here at open tuition well, i watched all the 6 videos on inventory control and was able to answer the unsolved questions of the course note myself but when i moved on to study bpp i found a lot of new formula there, e. Nptel video lectures, iit video lectures online, nptel youtube lectures, free video lectures, nptel online courses, youtube iit videos nptel courses. At its heart, grouping inventory or stock is a powerful way to determine the value of stored items to your business, improving transparency, speeding up storage tasks and enabling informed decision making.
It is a systematic control of various factors that affect the quality of the product. The service level is determined in a company by the level of stocks. The amount of inventory, a company should carry is determined by five basic variables. Quality control in production and operations management. Environmental air pollution introduction to atmosphere. Nptel aeronautical engineering 39 nptel atmospheric science 4 bank exam preparation 5. Srinivasan, department of management studies, iit madras. Ppc comprise the planning, routing, dispatching in the manufacturing process so that the movement of material, performance of machines and operation of labour however are subdivided and are directed and coordinated as to quantity, quality, time and place. In manufacturing since the focus is on physical product, inventory control focus on. Inventory must be viewed as a positive contributor to corporate profitability.
Lecture 1 lecture 2 lecture 3 lecture 4 lecture 5 lecture 6 lecture 7 lecture 8. Such a large domain would result in an equally as large scope of development. Environmental air pollution civil engineering course from iit kanpur nptel lecture videos by prof. Reference production planning and control notes pdf ppc notes pdf. Making these inventory management mistakes can result in running out of products, or overspending on holding and ordering costs, both of which are bad for business. Lecture series on project and production management by prof.
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