Lesson details


 


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INVENTORY MANAGEMENT

2018-2019

EnIESEG School of Management ( IÉSEG )

Class code :

1819-IÉSEG-M1S1-OPS-MA-EI45UE

OPERATIONS MANAGEMENT


Level Year Period Language of instruction 
Master1S1EnEnglish
Academic responsibilityL.ZHANG
Lecturer(s)Linda ZHANG


Prerequisites

Statistics & Probability distributions. Note: if you do not have sufficient knowledge on Statistics and Probability distributions, attending this course is not suitable for you.

Learning outcomes

At the end of this course, the students are able to
- understand the types and functions of inventories;
- describe the impact of demand forecasting and aggregate planning on inventory management;
- apply demand forecasting and aggregate planning methods in different problem contexts;
- comprehend a number of inventory models;
- identify and apply appropriate inventory models to solve specific problems;
- comprehend JIT inventory systems and VMI;
- describe the essential elements contributing to successful JIT inventory systems and VMI.

Course description

• Demand forecasting
• Aggregate planning
• Inventory models
• JIT inventory systems
• VMI


Class type

Class structure

Type of courseNumbers of hoursComments
Independent study
Estimated personal workload4,00  
Group Project4,00  
Independent work
Reference manual 's readings8,00   Students need to read the teaching materials on demand forecasting, JIT inventory systems, and VMI.
Face to face
Interactive class16,00   Lecturing, watching video clips, in class exercises
Total student workload32,00  

Teaching methods

  • E-learning
  • Interactive class
  • Project work


Assessment

Assessment will be based on participation to class discussions, solution to group-based projects, and a final exam

Type of controlDurationNumberPercentage break-down
Others
Group Project0,00130,00
Final Exam
Written exam2,00150,00
Continuous assessment
Participation16,00120,00
TOTAL     100,00

Recommended reading

  • • Piasecki, D.J. (2009), Inventory Management Explained: A Focus on Forecasting, Lot Sizing, Safety Stock, and Ordering Systems, 1st ed., ISBN-13: 978-0972763110, Ops Publishing. -


Internet resources



 
* This information is non-binding and can be subject to change
 
 
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