Material Requirement Planning (MRP) is a computer-based inventory management technique for determining the quantity and timing of acquisitions of dependent demand items needed to satisfy master schedule requirements. The Terminology used in MRP is: Dependent Deman…

Dynamic programming is a sequential decision-making technique. It is a recursive technique, moving from the final stage to the initial stages. A decision taken at one stage influences the decisions in other stages. This technique is useful in a large number of multi-p…

Program Evaluation and Review Technique (PERT)  and  Critical path Method (CPM) are the most commonly used methods for project management. There are some similarities and differences between PERT and CPM. PERT can be applied to any field requiring planned, controlled …

This article on heat treatment processes summarizes and definitions of standard heat treatment processes like annealed, normalized, quench, hardened and tempered. Annealed: Annealed is the condition of a metal that has been heated above a specific temperature, depend…

Material Requirement Planning (MRP) is a computer-based inventory management technique used for determining the quantity and timing for the acquisition of dependent demand items needed to satisfy master schedule requirements. Terminology used in MRP are: Dependent Dem…

Dynamic programming is sequential decision making technique. It is a recursive technique we come from final stage to initial stages. A decision taken at one stage influences the decisions in other stages. Dynamic programming technique is useful in a large number of mu…

Production planning and control (PPC) generally involves planning the manufacturing process. Mainly it consists of the planning of routing, scheduling, dispatching, inspection and coordination, control of materials. Methods, machines, tools and operating times etc. The…