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Lecture 28 Aggregate Production Planning
 
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Aggregate Planning Objectives of Aggregate Planning Quantitative Techniques For Aggregate Planning
Material requirement planning (MRP)
 
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MRP is a very important and a very simple engine that drives material planning in most manufacturing companies. In this video, I try to explain the conceptual idea of MRP.
Views: 49098 Piyush Shah
What is PRODUCTION PLANNING? What does PRODUCTION PLANNING mean? PRODUCTION PLANNING meaning
 
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What is PRODUCTION PLANNING? What does PRODUCTION PLANNING mean? PRODUCTION PLANNING meaning - PRODUCTION PLANNING definition - PRODUCTION PLANNING explanation. Source: Wikipedia.org article, adapted under https://creativecommons.org/licenses/by-sa/3.0/ license. Production planning is the planning of production and manufacturing modules in a company or industry. It utilizes the resource allocation of activities of employees, materials and production capacity, in order to serve different customers. Different types of production methods, such as single item manufacturing, batch production, mass production, continuous production etc. have their own type of production planning. Production planning can be combined with production control into production planning and control, or it can be combined and or integrated into enterprise resource planning. Production planning is used in companies in several different industries, including agriculture, industry, amusement industry, etc. Production planning is a plan for the future production, in which the facilities needed are determined and arranged. A production planning is made periodically for a specific time period, called the planning horizon. It can comprise the following activities: Determination of the required product mix and factory load to satisfy customers needs. Matching the required level of production to the existing resources. Scheduling and choosing the actual work to be started in the manufacturing facility" Setting up and delivering production orders to production facilities. In order to develop production plans, the production planner or production planning department needs to work closely together with the marketing department and sales department. They can provide sales forecasts, or a listing of customer orders." The "work is usually selected from a variety of product types which may require different resources and serve different customers. Therefore, the selection must optimize customer-independent performance measures such as cycle time and customer-dependent performance measures such as on-time delivery." A critical factor in production planning is "the accurate estimation of the productive capacity of available resources, yet this is one of the most difficult tasks to perform well." Production planning should always take "into account material availability, resource availability and knowledge of future demand."
Views: 23033 The Audiopedia
Aggregate Planning
 
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Covers aggregate planning and includes topics such as, - aggregate planning inputs and outputs - demand and capacity options - master schedule and scheduling process - time fences
Views: 29204 Bharatendra Rai
How to Optimize Your Production Processes
 
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Whether for plant and system engineering or for series production, optimum utilization of all resources, minimum stock on hand, and a high delivery reliability are major success factors for all medium-sized industrial companies. The increasing number of changes on short notice make it necessary to reschedule material, tools, machines, personnel as well as areas, plants, or transport options constantly and in real time. The solution is Advance Planning and Schedule (APS). This function of the ERP software proALPHA not only includes all resources in production planning. The APS also allows to meet delivery dates even in the case of short-term changes. Let the hidden champions show you how! More information on the topic of production can be found here: http://www.proalpha.com/en/erp-system/production.html Topics of this video: - Production planning and control (PPS) - Real-time optimization in production - Integrated multi-resource planning - Avoiding overtime or outsourcing of work orders to the extended workbench due to bottlenecks - Determination and monitoring of dates - Project management - Reduction of the shortage rate and management of shortage parts - Reduction of stock on hand - Advanced Planning and Scheduling (APS)
Views: 4662 proALPHA ERP
What is AGGREGATE PLANNING? What does AGGREGATE PLANNING mean? AGGREGATE PLANNING meaning
 
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What is AGGREGATE PLANNING? What does AGGREGATE PLANNING mean? AGGREGATE PLANNING meaning - AGGREGATE PLANNING definition - AGGREGATE PLANNING explanation. Source: Wikipedia.org article, adapted under https://creativecommons.org/licenses/by-sa/3.0/ license. Aggregate planning is an operational activity that does an aggregate plan for the production process, in advance of 6 to 18 months, to give an idea to management as to what quantity of materials and other resources are to be procured and when, so that the total cost of operations of the organization is kept to the minimum over that period. The quantity of outsourcing, subcontracting of items, overtime of labour, numbers to be hired and fired in each period and the amount of inventory to be held in stock and to be backlogged for each period are decided. All of these activities are done within the framework of the company ethics, policies, and long term commitment to the society, community and the country of operation. Aggregate planning has certain prerequired inputs which are inevitable. They include: 1. Information about the resources and the facilities available. 2. Demand forecast for the period for which the planning has to be done. 3. Cost of various alternatives and resources. This includes cost of holding inventory, ordering cost, cost of production through various production alternatives like subcontracting, backordering and overtime. 4. Organizational policies regarding the usage of above alternatives. "Aggregate Planning is concerned with matching supply and demand of output over the medium time range, up to approximately 12 months into the future. The term aggregate implies that the planning is done for a single overall measure of output or, at the most, a few aggregated product categories. The aim of aggregate planning is to set overall output levels in the near to medium future in the face of fluctuating or uncertain demands. Aggregate planning might seek to influence demand as well as supply.
Views: 12595 The Audiopedia
Production Planning - Liebetrau GmbH & Co. KG
 
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With the PRODUCTION PLANNING, you can plan and schedule your orders subject to most diverse dependencies, e.g. current resources and their limited capacities. That way you create transparency along your entire planning and ensure a quick and smooth order flow.
Views: 436 DMG MORI
Efficient manpower planning with bottleneck analysis
 
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Efficient manpower planning with bottleneck analysis
Views: 24105 rtdknowledge
The Toyota Production System
 
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The Toyota Production System is widely studied by business schools and manufacturing plants, but what exactly is the Toyota Production System and, more importantly, how do end-users and customers benefit?
Views: 190958 Toyota Forklift
Production Planning and control ( 1 )
 
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Production planning is the planning of production and manufacturing modules in a company or industry. It utilizes the resource allocation of activities of employees, materials and production capacity, in order to serve different customers.[1] Different types of production methods, such as single item manufacturing, batch production, mass production, continuous production etc. have their own type of production planning. Production planning can be combined with production control into production planning and control, or it can be combined and or integrated into enterprise resource planning. Production planning is used in companies in several different industries, including agriculture, industry, amusement industry, etc. Production planning is a plan for the future production, in which the facilities needed are determined and arranged.[2] A production planning is made periodically for a specific time period, called the planning horizon. It can comprise the following activities: Determination of the required product mix and factory load to satisfy customers needs.[3] Matching the required level of production to the existing resources.[4] Scheduling and choosing the actual work to be started in the manufacturing facility"[1][1] Setting up and delivering production orders to production facilities.[5] In order to develop production plans, the production planner or production planning department needs to work closely together with the marketing department and sales department. They can provide sales forecasts, or a listing of customer orders."[6] The "work is usually selected from a variety of product types which may require different resources and serve different customers. Therefore, the selection must optimize customer-independent performance measures such as cycle time and customer-dependent performance measures such as on-time delivery."[1] A critical factor in production planning is "the accurate estimation of the productive capacity of available resources, yet this is one of the most difficult tasks to perform well."[7] Production planning should always take "into account material availability, resource availability and knowledge of future demand."[5]
Views: 15196 Malzma
MATERIAL REQUIREMENT PLANNING IN HINDI | Meaning | Objectives | Operations Management | BBA/MBA ppt
 
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#YouTubeTaughtMe PRODUCTION AND OPERATIONS MANAGEMENT (POM) This video consists of followings: 1. Concept and meaning of Materials Requirement Planning (MRP): Material Requirement Planning is a special technique to plan the requirements of materials for production. For the manufacturing company to produce the end items to meet demands the availability of sufficient production capacity must be coordinated with the availability of all raw materials and purchased items from which, the end items are to be produced. MRP is a computer-based system in which the given MPS (master production schedule) is exploded into the required amounts of raw materials, parts and sub-assemblies needed to produce the end items in each time period (week or month) of the planning horizon. The gross requirement of these materials is reduced to net requirements by taking into account the materials that are in inventory or on order. 2. Objectives of Material Requirement Planning: i. It determines the quantity and timing of finished goods demanded. ii. It determines the time phased requirements of the demand for materials, components and sub-assemblies over a specified planning time horizon. iii. It computes the inventories, work-in-process batch sizes and manufacturing and packing lead times. iv. It controls inventory by ordering materials and components in relation to orders received rather than ordering them from stock level point of view. v. It improves customer service by meeting delivery schedules promised and shortening the delivery lead times. vi. It reduces inventory cost by reducing inventory levels. vii. It improves plant operating efficiency by better use of productive resources. Check out my BLOG : http://www.pptwalablog.blogspot.in/ Reference books for Production management: 1. Production and Operations Management by S. Chary (Author) - https://amzn.to/2qheyi5 *** BEST ONE *** 2. Production and Operations Management by Panneerselvam (Author) - https://amzn.to/2GL3rJ5 3. Modern Production / Operations Management, 8ed - by Buffa (Author), Sarin (Author) - https://amzn.to/2uWe2LV 4. Production and Operations Management by Kanishka Bedi (Author) - https://amzn.to/2qfbQKK TAGS FOR VIDEO: material requirement planning material requirement planning ppt material requirement planning process material requirement planning example material requirement planning notes material requirement planning 2 material requirement planning nptel material requirement planning definition material requirement planning objectives material requirement planning in hindi material requirement planning pdf material requirement planning meaning material requirement planning algorithm the material requirements planning the material planning requirements process is run advantages of material requirement planning objectives of material requirement planning benefits of material requirement planning importance of material requirement planning disadvantages of material requirement planning components of material requirement planning elements of material requirement planning definition of material requirement planning material requirement planning benefits material requirement planning book pdf material requirement planning books material requirement planning basics material requirement planning case study material requirement planning concept material requirement planning calculation material requirement planning chart material requirement planning components material requirement planning calculation example material requirement planning case study ppt material requirement planning conclusion material requirement planning courses material requirement planning checklist material requirement planning diagram material requirement planning disadvantages material requirement planning database material requirement planning details material requirements planning doc material requirement planning job description material requirement planning for dummies material requirement planning excel template material requirement planning example ppt material requirement planning elements material requirement planning example pdf material requirement planning exercise material requirement planning explanation material requirement planning explosion material requirement planning formula material requirement planning functions material requirement planning flow chart material requirement planning format material requirement planning for small scale industries material requirement planning free ebooks material requirement planning framework material requirements planning gcss material requirement planning gross requirements oracle material requirement planning user guide give the material requirement planning systems structure material requirement planning history material requirement planning in hospital material requirement planning meaning in hindi
Views: 10653 Sonu Singh - PPT wale
Aggregate Planning
 
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Based on Chapter 13 of Heizer and Render
Views: 64781 Dr. Harvi Millar
Build a Material Planning Tool in Ten Minutes
 
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Build a material planning tool in an Excel spreadsheet. Quick and simple technique to project shortages and generate purchase requirements from demand, on-hand inventory and open purchase orders. Fully automated - takes inputs directly from MRP.
Views: 42970 ProductionScheduling
Lecture 45 Master Production Scheduling (MPS)
 
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Master Production Schedule Functions of Master Production Schedule Master Production Schedule Examples Benefits of Master Production Scheduling
Resource Capacity Planner - Excel Template - Team Capacity  (Hours) Planning
 
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In this article, we will be taking up monthly capacity planning for a team. We will be using the Resource Capacity Planner Excel Template in this exercise. (Link: https://indzara.com/product/resource-capacity-planner-excel-template/) SCENARIO: We are responsible for planning our team’s capacity every month. We need to have a realistic view of how much work can be done by our team next month, taking into account the availability of each of our team members during the month. This will allow us to commit to our leadership on deliverables’ scope and if needed ask for more resource or to reduce the deliverables. Resource Capacity Planner Excel template is helpful in understanding the available resource capacity, comparing with demand and identifying surplus/deficit capacity by skill groups. The template takes the resource availability, holidays, weekends, overtime and vacation data to calculate capacity. Then, based on your input demand data, it can calculate the surplus/deficit capacity. In addition, you can generate an employee availability report. It can be used in different environments. For example, a manager leading a team can use this to plan capacity of his team every month. A project manager who is working on a multi-month long project can plan the resource capacity for the entire duration. This can also be used outside corporate environments wherever you want to compare demand vs capacity. Simple and Effective Excel Templates: http://www.indzara.com/ Free Excel Templates: http://www.indzara.com/free-excel-tem... Premium Excel Templates: http://www.indzara.com/shop/ Project Management Templates: http://www.indzara.com/project-manage... Inventory Management Templates: http://www.indzara.com/inventory-mana... Free Excel Course: http://www.indzara.com/useful-excel-f... Social: Subscribe to YouTube: http://www.youtube.com/user/theindzar... Facebook: https://www.facebook.com/theindzara YouTube: https://www.youtube.com/user/theindzara LinkedIn: https://www.linkedin.com/company/indzara Twitter: https://www.youtube.com/user/theindzara
Views: 45496 Indzara
MRP - Material Requirements Plan
 
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6 more Project Management Videos for you at http://eddansereau.com/projectmanagement.html Basic MRP plus examples, text, and quizzes. All rights reserved, copyright 2014 by Ed Dansereau
Views: 214382 Ed Dansereau
Production, Techniques & Technology
 
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From the lecture; Intensive Production Systems for Urban Farms. Filmed at Northereastern University, Boston, MA, March 4, 2017. SUB: http://bit.ly/2d7dQgd POPULAR VIDEOS: http://bit.ly/2cmcFLe ↓↓↓↓↓↓↓↓↓ CLICK “SHOW MORE” FOR RESOURCES ↓↓↓↓↓↓↓↓↓↓ Support through Patreon: http://bit.ly/2h050EF DONATE TO THE SHOW!! $5 - http://bit.ly/2hJxHUT $10 - http://bit.ly/2hOFgth $20 - http://bit.ly/2gPJrmM Donate any amount - http://bit.ly/2h0KfKw UPCOMING 2017 IN-FIELD WORKSHOPS: www.theurbanfarmer.co/events Music by Otis McDonald. facebook.com/GreenCityAcres twitter.com/GreenCityAcres ___ FARM EQUIPMENT I USE: Quick Cut Greens Harvester: http://bit.ly/1W3nLGb Knife and Tool Sharpener: http://bit.ly/29DHlos Jang Seeder: http://goo.gl/XGvJtl Row Bags: http://goo.gl/eI1CLp Insect Netting: http://goo.gl/rjyimK The Coolbot: http://bit.ly/2l6DhEx ___ CAMERA EQUIPMENT I USE: http://bit.ly/2jXwgmk
Production Planning as Linear Programming
 
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The video explains the use of Linear Programming to optimise production planning. The problem is formulated in the form of a transportation model and Microsoft Excel Solver is used to solve this formulation.
Views: 88259 Piyush Shah
Excel Graphical Production Planning and Control Planner, Manufacturing BOM Scheduling, Demo Part 1
 
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Excel Graphical Production Planning and Control Planner that is graphical and intuitive with 1 level of Bill of Materials look up and real time consumption Proposal and Demo.
Views: 120892 Toney Kim
Mod-1 Lec-1 Production Planning and Control
 
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Lecture Series on Industrial Engineering by Prof. P.K.Jain, Department of Mechanical and Industrial Engineering, IIT Roorkee. For more details on NPTEL visit http://nptel.iitm.ac.in
Views: 235138 nptelhrd
The Process Control Plan: A Tool To Avoid Rework & Scrap
 
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A short video that explains how to use the process control plan, a very useful and standardized tool to improve quality in a factory. Get expert help to fix your, or your supplier's, Chinese factory here: http://www.cmc-consultants.com/ Take a look at our free 'China Manufacturing Knowledge Library' for a lot of eBooks, guides, and more to help you improve your production, quality, processes, and more: http://www.cmc-consultants.com/china-manufacturing-resources-library
Lecture 26 Production Planning and Control
 
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Definition of PPC Objectives of PPC Functions of PPC Benefits and Limitations of PPC
Solve optimization and scheduling problems with business resource planning
 
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Red Hat® JBoss® BPM Suite includes powerful new tools for optimizing and scheduling business resources. Learn how the Business Resource Planner can tackle a wide range of planning problems, from delivery routing to shift scheduling and even managing compute resources in the cloud. Learn more about JBoss BPM Suite and the business resource planner at http://redhat.com/bpmsuite
Views: 51221 Red Hat Middleware
Resource Planning with Microsoft Project
 
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In this video viewers will learn how to create Work, Cost and Material resources within Microsoft Project. They will learn various methods of assigning resources, the 'Assignment Planning Variables', what 'Effort driven' is, and how to make detailed assignments.
Views: 66746 Tom Henry
What is "Just in Time"? - Whiteboard Wednesday
 
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Learn more at: http://www.fishbowlinventory.com/quick-tour/. What is Just in Time (or JIT)? It is a lean manufacturing process that helps companies keep as little inventory on hand as possible. They only order products when a need arises, and they try to get products to customers as quickly as possible without having to store lots of products in warehouses. This frees up money, space, and other resources that can be put toward more worthy pursuits. You have to be extremely careful when using a JIT model because if anything goes wrong, you don't have much backup to fall back on. So you have to use a very precise inventory management system to keep track of everything. Fishbowl's Whiteboard Wednesday series explains complex inventory management topics in a just a few minutes. Fishbowl is the No. 1 manufacturing and warehouse management solution for QuickBooks users, and it also integrates with Xero.
Views: 80243 Fishbowl
Lecture 41 Production Control
 
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Introduction and Definition of Production Control Outline of Production Control Gantt Chart
Lecture - 34 Forecasting
 
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Lecture series on Project and Production Management by Prof. Arun kanda, Department of Mechanical Engineering, IIT Delhi. For more details on NPTEL visit http://nptel.iitm.ac.in
Views: 149606 nptelhrd
CPM - Critical Path Method||Project Management Techniques||Operations Research|| Solved Problem
 
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▓▓▓▓░░░░───CONTRIBUTION ───░░░▓▓▓▓ If you like this video and wish to support this kauserwise channel, please contribute via, * Paytm a/c : 7401428918 * Paypal a/c : www.paypal.me/kauserwisetutorial [Every contribution is helpful] Thanks & All the Best!!! ─────────────────────────── Please watch this video to understand full CPM concept, and I have given the necessary theory explanation with an example problem, Project Management - CPM [Critical Path Method] Critical Path Network, Project completion time, Total floats and Free floats in simple explanation. How to construct CPM network? What is Project management - cpm? What is forward pass and backward pass in CPM? What is Earliest time and latest completion time? How to find Free floats and total floats? To watch more tutorials pls visit: www.youtube.com/c/kauserwise * Financial Accounts * Corporate accounts * Cost and Management accounts * Operations Research Playlists: For Financial accounting - https://www.youtube.com/playlist?list=PLabr9RWfBcnojfVAucCUHGmcAay_1ov46 For Cost and Management accounting - https://www.youtube.com/playlist?list=PLabr9RWfBcnpgUjlVR-znIRMFVF0A_aaA For Corporate accounting - https://www.youtube.com/playlist?list=PLabr9RWfBcnorJc6lonRWP4b39sZgUEhx For Operations Research - https://www.youtube.com/playlist?list=PLabr9RWfBcnoLyXr4Y7MzmHSu3bDjLvhu
Views: 1220047 Kauser Wise
Production and Operation Management
 
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Subject:Human Resource Management paper:Development of Management Thoughts,Principles and Types
Views: 3291 Vidya-mitra
Job Profile of a Planning Analyst
 
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At Marathon Oil, we offer compelling challenges that have real-world implications.
Views: 2442 MarathonOilCorp
Utilization, Scheduling, Resourcing & Capacity Forecasting
 
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Learn how to more efficiently manage your team, time, and resources to ensure every project stays on track and nobody gets burned out. You'll also learn how to better forecast and monitor utilization so that budgets don't bust and deadlines get met.
Views: 1497 Accelo
Mod-03 Lec-06 Aggregate Planning, Transportation model
 
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Operations and Supply Chain Management by Prof. G. Srinivasan , Department of Management Studies, IIT Madras. For more details on NPTEL visit http://nptel.iitm.ac.in
Views: 29260 nptelhrd
How to Improve Your Sales Process and Increase Business
 
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For detailed notes and links to resources mentioned in this video, visit http://patrickbetdavid.com/sales-process Visit the official Valuetainment Store for gear: https://www.valuetainmentstore.com/ Whether you're an entrepreneur or just an independent contractor, you're a salesperson. So when somebody says, "I'm not a salesperson, I'm an entrepreneur," they don't really understand the meaning of entrepreneur. Every entrepreneur is a salesperson. So today I want you to look at this from the perspective of asking yourself where in the selling process you mess up. In this video I get into the following six parts of the sales process. #1: Prospecting - 1:56   #2: Approach and Contact - 6:40   #3: Presentation - 8:53   #4: Follow Up - 11:36   #5: Referrals -- 15:05 #6: Maintain Customer Relationships - 17:26 Subscribe to the channel: http://www.youtube.com/valuetainment?... Valuetainment- The best channel for new, startup and established entrepreneurs. Schedule: New episodes every Tuesday and Thursday on a broad array of entrepreneurial topics. For detailed notes and links to resources mentioned in this video, visit http://patrickbetdavid.com/sales-process
Views: 353560 Valuetainment
Lecture 25 Tools and Techniques used For Plant Layout Planning
 
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Operation Process Chart Flow Process Chart Flow Diagrams Scale Models
Production Engineering Career Opportunities Field Salary Colleges by BrainChecker
 
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http://www.brainchecker.in Production Engineering Career by BrainChecker Stay tuned for regular updates from BrainChecker Channel. We provide excellent education related tips and excellent career guidance. Contact: https://goo.gl/forms/cmB1rRC4v5qF2rf73 Fill the form above and we would get in touch with you Welcome to the YouTube Channel of Brain Checker, India’s largest Career Counseling Company!! Our video starts with - Introduction - Nature of work. - Eligibility and Professional Courses available. - Colleges - Career prospects and salary Students are requested to perform their own research before choosing a career. You can check the description for additional details and assistance from BrainChecker. Introduction Industrial and Production Engineeringinvolves the study of improving, understanding, innovating, implementing and evaluating the integrated systems of money, equipment, people, material, and other industrial processes.One is responsible for designing industrial facilities normally used for production needs. Buildings, equipment’s, infrastructure, material handling systems, information systems, manufacturing systems, and the whole workplace. Other processes which are integral to the production process are also managed by these engineers. Processes like IEs analysis, production systems planning and control, resource allocation, logistics, quality management, personnel allocation, resource management, safety and inventory management. The main aim is to improve on the production techniques and make them more efficient, and economical. It is a sub-branch of mechanical engineering, so the subjects that are taught as almost similar. Nature of Work Production or Industrial Engineers work includes designing the production process for a product and also planning, measuring and controlling all activities within the organization. An Industrial or Production Engineer is responsible for the overall industrial production and management. He is moreover involved with the human and organizational aspects of developing the desired system. Understanding the existing technology trends and improving upon them for better efficiency is one of the core tasks of a Production Engineer. Multiple industries would benefit from improved processes since they reduce the processing time and save on resources.Industries like automobile manufacturing, spare parts production, food industry, all have certain bottleneck areas which are restricting the capacity. With time, and the advent of better technology, these areas are further minimized, in order to achieve the ultimate goal of increased production and a subsequent rise in revenue. Eligibility and Professional Courses • A Science background is necessary with a 10+2 in Physics, Chemistry and Maths. A minimum 50% aggregate is needed for eligibility to colleges. • One can give any entrance exams like NEET, IIT JEE, BITSAT, CET, or any other state exam. It should be noted here that few colleges like VIT or SRM, have their own exams which have to be given for becoming eligible to those select colleges. • For pursuing MTech, the candidate needs to qualify for GATE. • Individuals with interests in research and development can take up the PhD program after their post-graduation. • One can pursue MTech in Industrial and Production Engineering after successful completion of BE/B.Tech. We at BrainChecker help Students in choosing their career. A right career choice can work wonders in the long term. Colleges - Punjab Engineering College - SRM Institute of Science and Technology - NIT - IITs - Pune University - Nagpur University - IISc Bangalore - VIT Career Prospects Industrial and production engineers can work in various sector like, banks, hospitals, public utilities, retail, agriculture, transport, construction, and even government departments via UPSC exams, conducted by the Engineering division every year to appoint skilled personnel to the various Central government service. Other specific areas include, Root cause analysis and process improvement, Various posts which they can hold include - Plant Engineer - Quality Engineer - Project Manager - Process Engineer - Industrial Managers - Manufacturing Engineer - Industrial Sales Engineer - Product Specialist - Industrial Automation Project Designer - Assistant Professor at any university The starting salary can be in the range of 40,000 to 60,000 INR for freshers. Thank you for listening, if you loved this BrainChecker video please like, share and subscribe to us. Bye!!
MBA, management course
 
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MBA, management course, Management is the process of reaching organizational goals by working with and through people and other organizational resources. Management has the following 3 characteristics: It is a process or series of continuing and related activities. It involves and concentrates on reaching organizational goals. It reaches these goals by working with and through people and other organizational resources. MANAGEMENT FUNCTIONS: The 4 basic management functions that make up the management process are described in the following sections: PLANNING ORGANIZING INFLUENCING CONTROLLING. PLANNING: Planning involves choosing tasks that must be performed to attain organizational goals, outlining how the tasks must be performed, and indicating when they should be performed. Planning activity focuses on attaining goals. Managers outline exactly what organizations should do to be successful. Planning is concerned with the success of the organization in the short term as well as in the long term. ORGANIZING: Organizing can be thought of as assigning the tasks developed in the planning stages, to various individuals or groups within the organization. Organizing is to create a mechanism to put plans into action. People within the organization are given work assignments that contribute to the company’s goals. Tasks are organized so that the output of each individual contributes to the success of departments, which, in turn, contributes to the success of divisions, which ultimately contributes to the success of the organization. INFLUENCING: Influencing is also referred to as motivating,leading or directing.Influencing can be defined as guiding the activities of organization members in he direction that helps the organization move towards the fulfillment of the goals. The purpose of influencing is to increase productivity. Human-oriented work situations usually generate higher levels of production over the long term than do task oriented work situations because people find the latter type distasteful. CONTROLLING: Controlling is the following roles played by the manager: Gather information that measures performance Compare present performance to pre established performance norms. Determine the next action plan and modifications for meeting the desired performance parameters. Controlling is an ongoing process.
Mod-06 Lec-24 Sequencing and scheduling -- Assumptions, objectives and shop settings
 
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Operations and Supply Chain Management by Prof. G. Srinivasan , Department of Management Studies, IIT Madras. For more details on NPTEL visit http://nptel.iitm.ac.in
Views: 39148 nptelhrd
The Business Model Canvas - 9 Steps to Creating a Successful Business Model - Startup Tips
 
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The Business Model Canvas - 9 Steps to Creating a Successful Business Model - Startup Tips The Business Model Canvas, is a strategic management and entrepreneurial tool. It allows you to describe, design, challenge, invent, and pivot your business model. The Business Model Canvas is comprised of 9 key segments: The left hand section of the Business Model Canvas is the Infrastructure section and comprises three key areas: Key Activities: The most important activities in executing a company's value proposition. Key Resources: The resources that are necessary to create value for the customer. Partner Network: In order to optimize operations and reduce risks of a business model, organization usually cultivate buyer-supplier relationships so they can focus on their core activity. The middle section of the canvas describes the business offering and is the value proposition delivered to different customer segments. Value Propositions: The collection of products and services a business offers to meet the needs of its customers. According to Osterwalder, (2004), a company's value proposition is what distinguishes itself from its competitors. The value proposition provides value through various elements such as newness, performance, customization, "getting the job done", design, brand/status, price, cost reduction, risk reduction, accessibility, and convenience/usability. The value propositions may be: Quantitative – price and efficiency Qualitative – overall customer experience and outcome The right hand side of the Business Model Canvas describes the customers, the channels through which you deliver services and and the relationships you have with your customers. Customer Segments: To build an effective business model, a company must identify which customers it tries to serve. Various sets of customers can be segmented based on the different needs and attributes to ensure appropriate implementation of corporate strategy meets the characteristics of selected group of clients. Channels: A company can deliver its value proposition to its targeted customers through different channels. Effective channels will distribute a company’s value proposition in ways that are fast, efficient and cost effective. An organization can reach its clients either through its own channels (store front), partner channels (major distributors), or a combination of both. Customer Relationships: To ensure the survival and success of any businesses, companies must identify the type of relationship they want to create with their customer segments. The bottom section of the canvas describes the finances. Cost Structure: This describes the most important monetary consequences while operating under different business models. A company's DOC. Revenue Streams: The way a company makes income from each customer segment. https://www.youtube.com/channel/UCIypuA7lS-FsVG6cMlNCK2w?sub_confirmation=1 Check out some of our other videos Compensation claims - how long should it take https://youtu.be/NuxfrgSTg78 LLC vs S Corp https://youtu.be/4xNCnf9hitw Minizing tax https://youtu.be/ybSnFb6rx6Y How to fund a startup https://youtu.be/ctzDb59sw5M Kickstarter success Ep 1 https://youtu.be/2EG78JNZ7nA Kickstarter success Ep 2 https://youtu.be/ZMlq5CmUNz8 How to pitch to investors with Guy Kawasaki https://youtu.be/-epR-uGlv4M If you are interested in sustainability issues then check this video out The Sustainable Business Model Canvas https://youtu.be/gVimMEI2u2w
Views: 546394 The Business Channel
Exact Planner
 
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Automated production scheduling can reduce tied up cash in raw material, Work in Progress (WIP) and finished goods by 20%. Schedule and reschedule jobs based on exceptions, resources, priorities, what-if analyses and changing customer requirements. By connecting purchasing with production planning, you can address the scheduling complexity of many Hi Mix Low Volume manufacturers. Money goes back into the company pocket when you stop the hidden leakage of cash from the shop floor. Cash flow is improved, the need for borrowed capital is reduced and stressful stock write-offs are avoided.
Views: 1143 Macola Software
Lecture 01 Operations Management: Basics
 
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Introduction to Operations Management What Is Operations Management? Why Operations Management?
WORK STUDY
 
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Work study is a systematic examination or investigation of system or method of organization for work done to improve the utilization of resources like men, machine, material etc and setup standard for all activities of organization for improving productivity.
Views: 66788 Krishna Verma
Product Planning / PPAP - Production Process | SE APQP-PPAP | SoftExpert
 
06:27
SE Advance Product Quality Planning, or APQP - https://www.softexpert.com/produto/apqp-ppap/ , is a software developed to automate the methods for managing the development and change of products. It serves as a guide in the product development process, while also standardizing the methods of sharing results between suppliers and manufacturers. The solution helps ensure simple and effective control in the development of new products as well as using the appropriate resources to guarantee customer satisfaction, early identification of required changes, and quality products delivered on time and at the lowest possible cost. SE APQP uses a powerful mechanism that ensures all activities and deadlines throughout the APQP process are completed within a timely manner. The solution also meets the requirements established by international standards and regulations such as ISO/TS 16949, VDA, and others.
Views: 6529 SoftExpert Software
64.01 Setting Master and Scheduling
 
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Let's register the master data for the mold injection manufacturing process and create a finite capacity schedule. Scheduling that takes into account production capacity, production quantity, and manufacturing equipment load requires information such as item processes and production capacity. Scheduling becomes possible when this information is registered to the Integrated Master Editor table and the manufacturing orders for the items to be manufactured are registered. Final item Product1 is manufactured by assembling molded parts Component1 and Component2. First, let's register the integrated master for Component1. Component1 being a molded product, it is manufactured using an injection molding machine and a mold. As no integrated master and item have been registered yet, Component1 is the first item. When Component 1 is registered to the integrated master table, it is also automatically added to the item table. Component1 is manufactured using an injection process. We register injection molding machine Injection as the manufacturing equipment. The production capacity of Injection is 15 minutes per piece. Further, Mold1 is also required for injection molding. Because Mold1 is used while set in the injection molding machine, we make it dependent on the production time of Injection. At this time, the resource used for calculating the production time is set as the "main resource". Since the production time is determined by the production time of injection molding machine Injection, we make Injection the main resource. We register Mold1 as a sub resource. These resources are also registered to the resource table. If the process requires workers, we would also register workers. This is explained in detail in a later video, so we will not register workers here. This completes the creation of the integrated master for Component1. During operation, this integrated master can be imported from the database used to manage items and integrated master or from an external system. Here, let's register also Component2 and Product1 in order to better understand the registration method. Next, let's register the part Component2. Component2 being the same molded part as Component1, the process is similar, so let's copy and edit the data that was registered for Component1. Component2 uses a different mold than that for Component1, so we change the mold to Mold2. The production capacity is 10 minutes per piece. In the case of molds, this is the number of cavities, but I will explain this in detail in a later video. Lastly, let's register the integrated master for product Product1. We input the two parts Component1 and Component2. At this time, let's set a separate instruction code for each. An instruction code is like a [Group], so only one is adopted when multiple instances of the same instruction code exist. Here, we want to input a separate instruction code for each of Component1 and Component2, so we register the instruction codes as "In1" and "In2". The assembly process is performed using a type of equipment called Assembly. It can assemble one product in one minute. We have now registered the integrated master for three items. Let's check the entire process consisting of the molding of parts and the assembly of products in the graphical master. Component1 and Component2 are both made using an injection molding machine, but since their shapes differ, a different injection molding machine is used for each. Product Product1 is manufactured by assembling Component1 and Component2. Before creating the schedule, let's register the display colors of the resources in the resource Gantt chart. Let's also register the manufacturing orders to be scheduled. We will manufacture 100 pieces of Product1 by 20:00 of July 11, 2016. To accomplish this, we need 100 pieces each of Component1 and Component2. We have the Scheduler automatically perform the calculations required to manufacture these parts in just the needed quantity. Set auto-replenishment in the Item table. Here, we use "full build-to-order manufacturing" that replenishes products on an individual manufacturing order basis as the model. In a later video, I will explain "repetitive manufacturing" that replenishes products in bulk in lot sizes. Now, let's perform scheduling. A schedule has been created under which parts Component1 and Component2 are automatically replenished to fill their respective manufacturing orders. The parts are assigned to the appropriate equipment according to their registered integrated master. Also, the production time is calculated. 100 pieces of Product 1 can thus be manufactured in a timely manner. If we change the quantity of the manufacturing order for Product1, the production time will change according to the production quantity. By registering processes and production capacities in this way, realizable plans can be scheduled quickly. Now, let's step a little further into the world of scheduling.
PPM - Project Planning & Management - The need for it...
 
01:15
PROJECT PLANNING & MANAGEMENT Every Day is a Project! A project consists of resources time, people and money. Successful companies maximize the benefits from these resources! Scientific Project Planning Management techniques help you to Cut cost Eliminate cost over run Finish activities / Projects on time You know that a Penny saved is a Penny earned! CADD Centre offers comprehensive training on Project Management covering the following key areas. Introduction Need for Project Management Project Management Processes Project Scope Management Project Time Management Project Cost Management Project Human Resources Management Project Risk Management Project Planning & Management using Microsoft Project / Primavera
Views: 1097 CADDCENTRE VIJAYNAGAR
Transportation problem [ MODI method - U V method - Optimal  Solution ] :-by #kauserwise
 
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NOTE: Formula "pij = ui+vi-Cij" according to this formula the optimal values should be Zero or less than Zero which mean Zero or negative values, and in this formula if we did not reach the optimality then we should select the maximum positive value to proceed further. If you use this Cij-(u1+vj) formula then the values should be zero or positive value to reach the optimality, and in this formula if we did not reach the optimality then we should select the maximum negative value to proceed further. We can apply either any any one of the formula to find out the optimality. So both the formulas are doing same thing only but the values of sign (- +) will be differ. Here is the video about Transportation problem in Modi method-U V method using north west corner method, optimum solution in operation research, with sample problem in simple manner. Hope this will help you to get the subject knowledge at the end. Thanks and All the best. To watch more tutorials pls use this: www.youtube.com/c/kauserwise * Financial Accounts * Corporate accounts * Cost and Management accounts * Operations Research * Statistics ▓▓▓▓░░░░───CONTRIBUTION ───░░░▓▓▓▓ If you like this video and wish to contribute lls use Paytm. * Paytm a/c : 7401428918 [Every contribution is helpful] Thanks & All the Best!!! ───────────────────────────
Views: 1769984 Kauser Wise
Lecture 31 Project Scheduling
 
26:37
Objectives of Project Scheduling Network Representation Why Network Diagrams?

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