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inventory_management_and_control

Inventory Management and Control

Course length

This course is one-week long.

Marks overview

  • Assignment 1 25%
  • Assignment 2 25%
  • Daily activities 10%
  • Final exam 40%

Textbook

Assignment 1

  • Details of the case study for assignment 1
  • Due on Day 3, 25% of the final

Assignment 2

  • Details of the case study for assignment 2
  • Due on Day 5, 25% of the final

Valuable resources

We might use these throughout the course


Day 1

Learning Objectives

  • The Importance of Inventories
  • Managing Inventory
  • Inventory Counts

Index

Day 2

Learning Objectives

  • The Pareto Principle
  • The Quadrant Model
  • Inventory at Multiple Locations

Index

Day 3

Learning Objectives

  • Stockout Costs
  • Holding Costs
  • Ordering Costs
  • Setup Costs
  • Minimizing Costs

Index

Day 4

Learning Objectives

  • Dependent vs. Independent Demand
  • Pull vs. Push
  • Centralized / De-centralized
  • Fixed Order Quantities
  • Fixed Order Intervals
  • Distribution Cost Trade-offs

Index

  • Chapter 2, p. 43 — SCM
  • Chapter 3, p. 65 — SCM
  • Chapter 6, p. 186 — SCM (p. 554 in OP)
  • Chapter 7, p. 213 — SCM
  • Chapter 9, pp. 313-315, 316, 325, and 332 — SCM
  • Chapter 10, pp. 380-385 — SCM

Extras

1)
I’ll call this book OM in this document.
2)
I’ll call this book SCM in this document.
inventory_management_and_control.txt · Last modified: 2024/02/16 00:39 by Eric Bright