Module I (6 h): Cost Accounting and Break Even Analysis
Fundamentals of Cost Accounting: Introduction to Cost Accounting, Objectives and Advantages
of Cost Accounting, Cost Concepts and Classifications, Cost Components, Calculation of Prime Cost, Factory Cost, and Total Cost, Problem-Solving on Material, Labour, and Overhead Allocation.
Break-Even Analysis: Introduction, Break-Even Point (BEP), Break-Even Analysis, Sensitivity Analysis, PV chart, Multi-Product Break-Even Analysis, Decision-Making with Break-Even Models, Applications of Break-Even Analysis in Different Industries.

Module II (6 h): Inventory Management and Control
Inventory Control: Introduction, Role of Inventory in Business Operations, Inventory Cost Components, Economic Order Quantity (EOQ) Models (Basic EOQ Model, EOQ with Production Quantity, EOQ with Shortages), Quantity Discounts and Multi-Item Inventory Models, Probabilistic Inventory Models, Inventory Control with Uncertain Demand, Reorder Levels and Service Levels, Selective Inventory Control Techniques, Information Systems for Inventory Management, Q-System and P-System Comparison.

Module III (6 h): Investment Decisions
Investment Decision: Introduction, Time Value of Money, Cash Flow Diagram, Interest Formulas, present worth method of comparison future worth method annual equivalent method rate of return method.

Module IV (6 h): Maintenance Management
Replacement and maintenance analysis: Introduction, Types of Maintenance, Types of Replacement Problem, Determination of Economic Life of an Asset, Replacement of Existing Asset with a New Asset, Capital Recovery with Return, Concept of Challenger and Defender, Simple Probabilistic Model for Items Which Fail Completely.

Module V (6 h): Supply Chain Management
Supply Chain Management: Introduction, Domain Applications, SCM– The Breakthrough Article, Supply Chain Management, Views on Supply Chain, Bullwhip Effect in SCM, Collaborative Supply Chain, Financial Supply Chain – A New Revolution within the SCM Fold.

Module VI (6 h): Product/ Production Relationships, Manufacturing metrics and economics
Production quantity and product variety, product and part complexity, cycle time and production rate, production capacity and utilization, manufacturing lead time and work-in-process, cost of equipment usage, cost of manufacturing part

To develop an understanding of how the operations, have strategic importance and can provide a competitive advantage in the workplace.

To understand the relationship between operations and other business functions.

CO1: Develop skills to operate competitively in the current business scenario.
CO2: Apply inventory control principles to optimize operations and manage resources.
CO3: Apply cost accounting and break-even analysis to support decision-making in business context.
CO4: Evaluate investment, replacement, and maintenance strategies to enhance asset management, ensure economic sustainability, and improve supply chain efficiency.
CO5: Understand various supply chain strategies for creating sustainable business environment.

Buffa, Sarin, Modern Production/Operations management (8th ed.)., John Wiley and Sons. , 2007

Aswathappa,K., Bhat,S., Production and Operations management (3rd ed.), Mumbai: Himalaya Publication House. , 2024

Paneerselvam, R., Production and Operations management (3rd ed.)., PHI Leaning. , 2012

Stevenson, W. J., Operations Management (13th ed.)., McGraw-Hill. , 2022