Supply
Chain Logistics and Operations Management
(Dr. L. Lei,
Text book: Production and Operations Analysis
(5th Edition), Steven Nahmias, Irwin, 2004. ISBN# 0-07-231265-3
Instructor: Dr. L. Lei, 213 Ackerson Hall, Phone
(973)353-5185, Fax (973)353-5003
Objectives: This course focuses on managing business operations
in a supply chain environment. It is about managing the process to achieve the profitability
of a business. It helps students with an
understanding of critical issues encountered in managing the
operations of supply chains. It gives students the concept of business engineering. It offers students quantitative techniques and
best-practice strategies for cost-effective solutions to these critical issues
and for continuous improvement of a company’s operation efficiency and
strategic position in today’s highly dynamic and competitive marketplace.
Major topics (Suggested
reading material):
1. Introduction (Chapters 1, 6)
.
Cost, profitability, and business processes
. Designing the supply chain
for the
profitability
. The bullwhip effect and
supply chain coordination
. Paper: It’s a Flat World, After all. T. L. Friedman. The
2. Strategic Demand-Supply Planning Techniques (Chapter 3)
. Overview of demand-supply
planning strategies
. Aggregate planning techniques
and analysis
. Linear programming as a demand-supply
planning tool
. Case study: Demand-supply planning
optimization for Energy Boat Corp. L. DeCandia and L.
Lei.
. Case study: The P&T Company case. Introduction to Operations Research,
F. Hillier and
J. Lieberman. McGraw Hill, seventh-edition, 2001.
3. Planning and managing inventories in a supply chain
(Chapters 4, 5)
. The impact of inventory
policies on profit margin
. Theoretical inventory models
. Quantity discount analysis
. Optimal inventory policies
for multi-player supply chains
. The role of safety stocks
in a supply chain
. The classical newsboy
model: deriving the optimal inventory control policies and applications
. The lot size - reorder
point (Q, R) systems
. The service level
approaches
. Managing safety inventory
in a supply network and the Square Root Law
. Case study: A make or buy analysis for Wagner Fabricating Company, An
Introduction to Management Science.
D. Anderson, D. Sweeney and T. Williams, 1997, West Publishing.
4. Project Management and Risk Control (Chapter 9)
. Introduction to project
planning and control
. The critical path method
(CPM)
. The program evaluation and
review technique (PERT)
. Risk management and Parkinson’s Law
. Project budgeting, resource
leveling, and tradeoff analysis
. Case study: Van Allen Construction Company,
from <Project
Management: Tools and Trade-offs>, T. Klastorin, 2004, Wiley Publishing Company.
5. Supply Chain Distribution Network Designs (Handout #1)
.
The needs for supply chain network design/redesign
.
Strategic & operational factors for distribution mgmnt
.
Managing the process of network design
.
Optimization techniques for facility location decisions
- Gravity location models
- Mathematical Programming based network
optimization models
. Case study: Relocation Decisions for the Dairy Plant, from <Strategic
Supply Chain Logistics Management>, L. DeCandia and L. Lei, 2008
. Paper: Where is the World ? The Best
Locations for Supply Chain Management Facilities. T.A. Foster. Global Logistics & Supply Chain
Strategies, March 2005.
6. Quality Management (Chapter 11)
.
Introduction to total quality management and six-sigma
.
The cost and effect diagram and the Pareto charts
.
Overview of statistical process control tools
. Case study: C&R Catalysts, Operations
Now. Byron J. Finch. McGraw-Hill
and Irwin, 2006.
Grading: Midterm
40%, Final 50%, Participation 10%