MGMT617 Production Planning and Inventory Control Notes, MCQs & Assignments | Query Point Official

MGMT617 ||| Production Planning and Inventory Control

MGMT617 – Production Planning and Inventory Control focuses on planning, organizing, and controlling production processes and inventory systems in manufacturing and service organizations to achieve efficiency and cost effectiveness.

Course Introduction

This course provides an understanding of production systems, forecasting, capacity planning, inventory models, and control techniques used to manage materials, resources, and operations efficiently.

Course Learning Objectives

• Understand production planning concepts and strategies
• Learn demand forecasting techniques
• Analyze inventory control models
• Manage materials and production schedules
• Reduce operational and inventory costs

Major Topics / Syllabus

• Introduction to Production Planning and Control
• Production Systems and Processes
• Demand Forecasting Methods
• Aggregate Production Planning
• Master Production Scheduling (MPS)
• Material Requirements Planning (MRP)
• Inventory Management Concepts
• Economic Order Quantity (EOQ)
• Just-In-Time (JIT) Systems
• Capacity Planning and Control

Inventory Control Techniques

• EOQ Model
• ABC Analysis
• Safety Stock Management
• Reorder Level Systems
• JIT Inventory Systems

Production Planning Tools

• Forecasting Models
• Production Scheduling
• Capacity Planning
• MRP Systems
• Lean Production Techniques

Practice Areas

• MCQs on production planning concepts
• Numerical problems on EOQ and forecasting
• Short questions on inventory control
• Long questions on production systems
• Case studies on inventory optimization

Exam Preparation Tips

• Understand formulas and numerical models
• Practice EOQ and forecasting problems
• Learn definitions and key terms
• Relate theory with real-world examples
• Solve MCQs regularly

MGMT617 Production Planning MCQs

MGMT617 MCQs (click here)

MGMT617 Short & Long Questions

Production Planning Questions (click here)

MGMT617 Assignment Questions

Assignments (click here)

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