Thursday, May 2, 2019

April - Industrial Engineering Knowledge Revision Plan

April 1st Week (1 to 5 April)

1 to 2 April

Production/Manufacturing/Operations Management continued

Material Requirements Planning - Review Notes

Operations Scheduling - Review Notes

Financial Analysis - Review Notes

Operations Technology - Review Notes

Supply Chain Management

3 to 5 April

Understanding the Supply Chain
Supply Chain Performance: Achieving Strategic Fit

Supply Chain Drivers and Obstacles - Review Notes
Designing the Distribution Network in a Supply Chain

Facility Decisions: Network Design in the Supply Chain
Network Design in an Uncertain Environment

2nd Week

Demand Forecasting in a Supply Chain
Aggregate Planning in the Supply Chain - Review Notes

Planning Supply and Demand in the Supply Chain: Managing Predictable Variability

Managing Uncertainty in the Supply Chain: Safety Inventory
Determining Optimal Level of Product Availability

Sourcing Decisions in a Supply Chain
Transportation in the Supply Chain - Chopra and Meindl

Pricing and Revenue Management in the Supply Chain
Coordination in the Supply Chain - Review Notes

Supply Chain Industrial Engineering and Cost Reduction/Management Ideas

3rd Week

15 April

Information Technology and the Supply Chain
e-business and the Supply Chain

Financial Accounting

Industrial Engineering Proper starts from now on. Earlier we covered Principles of Management, Marketing Management, Operations Management and Supply Chain Management. Industrial Engineers provide a service to management and therefore they have to understand these management areas and have to understand opportunities in those management areas to provide industrial engineering services and add value to the value activities (value chain) of the organization.

Industrial engineering is redesign of the engineering products and processes in response to the industry data to make them more profitable and acceptable to the industry stakeholders. Cost data and human factor data are the two most used and applied data in industrial engineering. The definition of Industrial Engineering as "Industrial Engineering is System Efficiency Engineering and Human Effort Engineering" captures both these data - Cost data and Human Factor Data.

Therefore industrial engineers  have to understand the measurement of costs and their presentation in various statements and cost objectives.

16 to 19 April

Accounting: The Language of Business
Measuring Income to Assess Performance - Review Notes

Recording Transactions - Review Notes
Accrual Accounting and Financial Statements - Revision

Statement of Cash Flows - Review Notes
Accounting for Sales - Review Notes

Inventories and Cost of Goods Sold - Review Notes
Long-Lived Assets and Depreciation - Review Notes

4th Week
Liabilities and Interest - Review Notes
Intercorporate Investments and Consolidations - Revision Notes

Financial Statement Analysis - Review Notes
Cost Measurement - Essential Activity of Industrial Engineering

Introduction to Cost Terms - Review Notes
Traditional Cost Objectives and Their Utility

Job Costing - Review Notes
Cost Allocation: Joint Products and By Products

Activity-Based Costing and Activity-Based Budgeting
Process Costing - Review Notes

One Year Industrial Engineering Knowledge Revision Plan

January - February - March - April - May - June

July - August - September - October - November - December

Updated  3 May 2019,  9 April 2018, 13 April 2017, 25 March 2016

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