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SUBJECT ELECTIVE (SE - IL) COURSES: Specialization – Operations & Supply Chain Management (OSCM)


Maximum 2 courses to be selected from the following list in Semester II

1.  Planning & Control of Operations: 
2. Productivity Management: 
3. Inventory Management: 
4. Theory of Constraints: 
5. Quality Management Standards: 
6. Service Value Chain Management: 
7. Industry 4.0: 

 Planning & Control of Operations: 

This subject elective course targets at describing the building blocks of Planning & Control of Operations. Understanding the need for aggregate planning and the steps in aggregate planning. Make use OF the various forecasting approaches in the context of operations planning process. Analysing how capacity planning is done in organizations and its relationship with MRP. Evaluating the importance of scheduling in operations management. Creating a Bill of Materials.


 Productivity Management: 

This subject elective course targets at defining various types and measures of productivity. Understanding the linkages between various measures of productivity. Applying Value Analysis and Value Engineering principles to simple situations related to operations management. Analysing various types of charts and diagrams to carry out work study and method study. Evaluating the Standard Time using Techniques of Work Measurement. Creating upon the concepts of JIT, Lean, 5S, TPM, BPR, Six Sigma, World Class manufacturing. 


 Inventory Management: 

This subject elective course targets at defining the key concepts referred Inventory Management. Classifying various types of inventory, and inventory costs. Calculating Economic Order Quantity and stock levels under various conditions. Analysing various methods of inventory control. Assessing various factors influencing Make or Buy decisions. Solving problems based on ABC classification of inventory.


 Theory of Constraints: 

This subject elective course targets at defining the key concepts of Theory Of Constraints (TOC). Identifying and mitigate both real constraints and managerial constraints. Analysing the tools and techniques that help in managing constraints to improve organizational performance. Evaluating the benefits an organization may reap through the successful implementation of the TOC. DEVELOP solutions to common problems in Project Management, Operations Management and Supply Chain Management using TOC principles and methods.

 Quality Management Standards: 

This subject elective course targets at describing the concepts of Quality and importance of the Quality

Management Principles. Interpreting the requirements of ISO 9001:2015 standard. Applying process based thinking and risk based thinking for managing and improving the functioning of an organization. Analysing, planning, conducting and follow-up of QMS audits directed towards maintenance and continual improvements of the QMS. Evaluating skills for Corrective Action Management and Continual Improvement Project management. Building stakeholder confidence by managing processes in line with the latest requirements.


 Service Value Chain Management: 

This subject elective course targets at defining the core concepts related to Service Value Chain, Service Profit Chain, Innovation, CRM, networks. Understanding the service process through service value chain. Identifying factors influencing Innovation and service organizational design. Analysing the inter-relationships between the Focal firm, Supplier Networks, Distribution Networks, etc. Evaluating the role of Business Networks as partners in value creation. Developing strategies built on Principles of Service Value Chain & Service Profit Chain for various types of organizations. 


 Industry 4.0: 

This subject elective course targets at the drivers, enablers and compelling forces for Industry 4.0’s advancement. Understanding the power of Cloud Computing in a networked economy. Identifying the opportunities, challenges brought about by Industry 4.0. Analysing the various systems used in a manufacturing plant and their role in an Industry 4.0 paradigm. Evaluating the smartness in Smart Factories, Smart cities, smart products and smart services. Creating how organizations and individuals should prepare to reap the benefits.

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