Students will learn applications of operations research methods to practical problems of production planning and inventory control; forecasting; aggregate planning; deterministic and stochastic ...

When reviewing job growth and salary information, it’s important to remember that actual numbers can vary due to many different factors—like years of experience in the role, industry of employment, ...

Learn the role of MRP in managing inventory and production, helping manufacturers plan materials, optimize workflows, reduce ...

Production and inventory-planning processes commonly used by companies, called sales & operations planning (S&OP), require predictable demand and supply to function properly. In the post-pandemic ...

Effective and efficient manufacturing operations require close integration between long-run planning and short-run production scheduling. A testament to this is the decades-old field of research and ...

Penn State Scranton’s Center for Business and Community Outreach prepares young business professionals in their early careers to pursue the APICS Certified in Production and Inventory Management ...

Non-connected, siloed data and rigidity of commercial production planning solutions hinder production processes for manufacturing and consumer goods businesses ...

Inventory planning and control are functions relating to inventory management. Business owners pay close attention to inventory as it usually represents the second largest expense in their businesses.

Inventory production management involves keeping track of products, suppliers, stock levels and purchase orders, reordering products, and managing information related to inventory and production.

Analyst Insight: AI revolutionizes initial inventory planning and stockpiling by estimating demand even when historical data is missing. This optimizes procurement, reduces costs, and prevents ...