Intro to Business › Section J · Operations management › Topic J.4
Resource planning, inventory, and production control
A plan to build 10,000 bicycles is worthless if the wheels arrive late, the paint runs out or two teams need the same machine on the same day. Resource planning makes sure the right inputs are in place, and production control makes sure the work happens in the right order and on time.
In this topic
- Planning the inputs
- Make or buy
- Why inventory is a balancing act
- The economic order quantity
- Worked example: ordering bicycle tyres
- MRP, MRPII and ERP
- Routing and scheduling
- Critical path method and PERT
- Worked example: launching a product
- Common mistakes to avoid
- Key takeaways
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