Mar 28, 2024  
2020-2021 Course Catalog 
    
2020-2021 Course Catalog [ARCHIVED CATALOG]

Add to Portfolio (opens a new window)

MFG 523 - Controlling Mfg Business Costs

Credits: 2
Lecture Hours: 2
Lab Hours: 0
Practicum Hours: 0
Work Experience: 0
Course Type: Voc/Tech
The purpose of this course is to provide an understanding of the principles and concepts of production and work costs, the cost impact of shop floor activities and the various contributions company employees have on costs and profitability. Emphasis is placed on the effect an individual has on costs on a day-to-day basis.
Competencies
  1. Introduction and Overview
    1. Introduction - controlling costs
    2. Why control costs?
    3. What impact do you have?
    4. Competitiveness - Global
    5. Overview of course materials
    6. Overview of course content
    7. Competencies
  2. Direct Labor
    1. Definition - Formulation
    2. ACcounting Procedures
    3. Direct labor versus total costs
    4. Direct labor versus profit
    5. Direct labor versus international
  3. Material Versus Overhead Versus Productivity
    1. Material costs, costing, structure
    2. Bill of materials
    3. Overhead Figures
    4. Productivity versus efficiency
    5. Relationship of material, overhead and productivity
    6. Cycle times
  4. Quality Versus Cost
    1. Quality
    2. Quality Costs (cost of unquality)
    3. Quality versus productivity
    4. Quality and competitiveness
  5. Work Improvement (continuous improvement)
    1. Poke-Yoke
    2. Visual workplace
    3. Theory of constraints
    4. Team work
    5. Total Quality, ISO 9000
  6. Ability to incorporate, Accept, Utilize Change
    1. Accepting change (not invented-here syndrome)
    2. When change is good, when it is not
    3. Bench Marking
    4. Listening to the customer
    5. Emerging Technology
  7. Production Flow/Layou
    1. Line manufacturing
    2. Cellular manufacturing
    3. Job shop manufacturing
    4. Layout pitfalls (OOPS factor)
    5. Production scheduling/costs
  8. Inventory Control
    1. Min-max principles
    2. Kan-Ban (two bin system
    3. Batch versus JIT
    4. MRP and MRP II
    5. Forecasting versus inventory
  9. Case Studies/Workbooks/Work Sheets
    1. Problem Solving
    2. Analysis 
  10. Recap, Review, Application
    1. Review Costing



Add to Portfolio (opens a new window)