About the course

Basic Production Economy and Logistics gives you a broad introduction to production economics and logistics and explains how these areas are connected in modern production environments.

The course covers fundamental economic concepts, logistics, production planning, material flows and financial control. You will learn how resources, capital, production systems and logistics influence a company’s efficiency and profitability.

The course is particularly suitable for group studies and is divided into five parts. Each part can be completed as a separate study session, making it easy for teams or groups of participants to study and discuss the content together.

Learning objectives

The aim of the course is to give you an understanding of important economic relationships and concepts within logistics and production engineering.

After completing the course, you will have developed knowledge that can be used when analysing and evaluating different production solutions, planning material flows and understanding how production decisions affect costs, capital and profitability.

Course content

Companies, production and logistics

The first part introduces the basic principles of business operations, production and logistics. Topics include:

what a company is and how companies are formed
business economics
company stakeholders
meeting customer needs
the processing chain
development of production systems
production processes
the relationship between production and administration
contract manufacturing
the fundamentals of logistics
supply services
the development of logistics
reasons for keeping inventory
the difference between inventory and supplies

Financial concepts and profitability

You will learn about fundamental financial concepts used when evaluating production and logistics, including:

results and profitability
use of capital
the DuPont model
variable and fixed costs
direct and indirect costs
incremental and joint costs
capital tied up in inventory
inventory turnover

Financial analysis and budgeting

The course also covers how financial information can be used for planning and control. Topics include:

financial analysis
financial control
budgeting
the different phases of budgeting
preparing budgets
budget reviews

Production planning and control

You will gain an introduction to the systems and methods used for planning and controlling production, including:

production systems
manufacturing planning and control
product complexity
product structures for planning
flow times
production control
planning principles and objectives
material flows
convergent and divergent flows
capacity concepts

Material flow and logistics performance

The final part focuses on how production and logistics can be coordinated to improve overall performance. Topics include:

the planning process
factors affecting material flows
suboptimisation and the overall perspective
internal and external efficiency
meeting delivery times
material supply
key performance indicators in logistics

Who is the course for?

The course is designed for anyone who needs a basic introduction to production economics and logistics.

It is suitable for people working as operators, economists, logisticians, planners, purchasers or production engineers, as well as professionals working within quality, design or other production related functions.

Prerequisites

This is an introductory course and no specific previous knowledge is required.

Suitable for group studies

The course has been designed to work particularly well for group based learning. The content is divided into five parts, each suitable for approximately three hours of active study.

One possible approach is to organise five separate study sessions where participants work through one part of the course together.

How the course is delivered

Basic Production Economy and Logistics is a Premium online course delivered through the Instant Education e learning platform.

The online format allows participants to complete the training flexibly and organise their studies around their work and other commitments.

Study time and access

The course requires approximately 20 hours of active study, depending on previous knowledge and experience.

Each participant has access to the course for six months.

Price

The standard price is SEK 3,890 per participant, excluding VAT.

The online price is SEK 3,740 per participant, excluding VAT.

For larger training projects, a customised quotation can be provided.

Customise the course for your organisation

The course can be adapted with company specific information and content to better reflect your organisation, processes and training needs.

Contact and more information

Submit an enquiry if you would like more information about the course, training options or how the course can be used within your organisation.

Industriell ekonomi

Basic Production Economy and Logistics

Industriell ekonomi