- International Fees
International fees are typically 3.12 times the domestic tuition. Exact cost will be calculated upon completion of registration.
Course Overview
This course presents and examines inventory concepts as applied in manufacturing and distribution environments and the inter-relationships between them. It covers the following: objectives, planning levels, demand types, forecasting, order point systems, MRP, different costing types, ABC analysis, purchasing, capacity and warehouse controls. Students will be encouraged to apply these concepts at their workplaces.
Prerequisite(s)
- No prerequisites are required for this course.
Credits
3.0
Domestic fees
$550.30 - $592.34 See individual course offerings below for actual costs.
Learning Outcomes
Upon successful completion of the course, the student will be able to:
- Understand the conflicts between marketing (sales) finance and production when controlling supply, manufacturing planning, and physical distribution
- Understand the hierarchy of controls as it relates to manufacturing - (SP, PP, MPS, MRP, PAC)
- Know the basis of planning systems, achieving forecasts (budgets) and keeping desired inventory levels
- Apply a master production schedule (MPS) to form the link between production planning and manufacturing, scheduling and load leveling
- Establish a material requirements plan (MRP) using lead time and capacities
- Recognize the importance of Capacity Planning and Capacity Management
- Use the master production schedule and the materials requirements plan to release orders through the production activity control (PAC)
- Know how and when to purchase at the right time and the right amount
- Understand the fundamentals of forecasting techniques
- Understand the functions of warehousing, distribution and transportation classifications
- Know how to create effective physical controls and security of stock, inventory accuracy and records
- Learn important formulas to calculate Order points, Safety Stock, Economic Order Quantities and other inventory parameters
- Recognize the importance of inventory management and the effects it has on the business from all aspects including cash flow, aging accounts, purchasing and Owners Equity
- Analyze the requirements for effective warehouse management, including the main elements to consider when determining the size, location, layout and material handling equipment
- Understand basic principles of accounting and how to manages a company with the strategic business plan, S&OP planning through to the PP, MPS and MRP
- Understand basic metrics and KPI's to effectively manage the different levels of the business to achieve the overall business strategic plans
Effective as of Winter 2021
Related Programs
Inventory Planning and Control (OPMT 1192) is offered as a part of the following programs:
- Indicates programs accepting international students.
- Indicates programs with a co-op option.
School of Business + Media
- Operations Management (Industrial Engineering Option)
Certificate Part-time
- Operations Management (Materials Management Option)
Certificate Part-time
- Quality and Process Management
Certificate Part-time
Course Offerings
Fall 2024
Below are two offerings of OPMT 1192 for the Fall 2024 term.
CRN 30826
Dates
Tue Sep 10 - Tue Nov 26
- 12 weeks
- CRN 30826
- Domestic fees $592.34
Status
In Progress and Full
This course offering is in progress and full. Please check back next term or subscribe to receive email updates.
CRN 48653
Dates
Thu Sep 12 - Thu Nov 28
- 12 weeks
- CRN 48653
- Domestic fees $589.39
Status
In Progress and Full
This course offering is in progress and full. Please check back next term or subscribe to receive email updates.
Class meeting times
Dates | Days | Times | Locations |
---|---|---|---|
Sep 12 - Nov 28 | Thu | 18:30 - 21:30 | Online |
Instructor
Wayne Arondus
Course outline
Important information
- Internet delivery format.
- International fees are typically 3.12 times the domestic tuition. Exact cost will be calculated upon completion of registration.
- This is a synchronous online course and you will be expected to be available and online on the posted days and times shown on your registration schedule. It is important you have a stable and consistent internet connection to access course content. Course content, type and quality of assignments, and general standards for this online course are the same as classroom courses. To be successful in this online course, plan to spend 7-10 hours per week on your studies or more if it is a condensed course starting Week 1. Important course information will be sent to your myBCIT account prior to your course start date.
Winter 2025
Below are two offerings of OPMT 1192 for the Winter 2025 term.
CRN 88318
Dates
Mon Jan 06 - Mon Mar 24
- 12 weeks
- CRN 88318
- Domestic fees $550.30
Status
Full
This course offering is full. Please check back next term or subscribe to receive email updates.
Class meeting times
Dates | Days | Times | Locations |
---|---|---|---|
Jan 06 - Mar 24 | N/A | N/A | Online |
Instructor
Wayne Arondus
Course outline
Course outline TBD — see Learning Outcomes in the interim.
Important information
- Internet delivery format.
- Important course information will be sent to you prior to your course start date. Check your myBCIT email account to access this information.
- International fees are typically 3.12 times the domestic tuition. Exact cost will be calculated upon completion of registration.
- This course is asynchronous, and does not require you to meet each and every week at a specific time, however, there will be specific timelines for assignments and exams. It is important you have a stable and consistent internet connection to access course content. Course content, type and quality of assignments, and general standards for this online course are the same as classroom courses. To be successful in this online course, plan to spend 7-10 hours per week on your studies, or more of it’s a condensed course, starting Week 1. Important course information will be sent to your myBCIT account prior to your course start date.
CRN 12011
Dates
Tue Jan 07 - Tue Mar 25
- 12 weeks
- CRN 12011
- Domestic fees $592.34
Status
Full
This course offering is full. Please check back next term or subscribe to receive email updates.
Class meeting times
Dates | Days | Times | Locations |
---|---|---|---|
Jan 07 - Mar 25 | Tue | 18:45 - 21:45 | Burnaby NE01 Rm. 209 |
Instructor
Wayne Arondus
Course outline
Course outline TBD — see Learning Outcomes in the interim.
Important information
- International fees are typically 3.12 times the domestic tuition. Exact cost will be calculated upon completion of registration.
Programs and courses are subject to change without notice.