Upon completion of this course, students will be able to:
1. Evaluate the role of production and procurement management and the productivity challenges facing various segments of the U.S. Aviation/Aerospace Industry today as they compete in a global economy.
2. Apply capacity planning decisions made through the concept of best operating level and capacity utilization rate calculations.
3. Analyze both qualitative and quantitative data pertaining to design, manufacture, and product support of aviation/aerospace systems.
4. Assess the types of inventory management systems and demonstrate an application of each.
5. Apply the functions of production and procurement forecasting to a particular segment of the aviation/aerospace industry.
6. Evaluate the link between materials management and production scheduling provided by Material Requirements Planning.
7. Analyze procurement processes and procedures as they relate to contract acquisition and implementation in the aviation/aerospace industry.
8. Evaluate the philosophies of continuous process improvement and their ability to have an impact on the quality of production and procurement processes and procedures.
9. Evaluate the production and procurement network in the multi-modal and global transportation system.
10. Evaluate inventory management methodologies i.e., Economic Order Quantity and the Poisson distribution.
11. Demonstrate appropriate selection and application of a research method and statistical analysis (where required), specific to the course subject matter (effective July 1, 2013).