TTK University of Applied Sciences
TTK University of Applied Sciences
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Curriculum subjectInventory Management
| Subject |
| Subject code |
TLM368 |
| Subject name |
Inventory Management |
| Credit points |
5 ECTS |
| Grading method |
Grade prelim |
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| Curriculum subject |
| Curriculum |
2009 LI |
| Study year |
3 |
| Semester |
Fall semester |
| Subject type |
Mandatory |
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| General description |
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The importance of the concept of Inventory
• inventory types and origins
• Inventory Management Strategies
o Continuous replenishment program, CRP
o The vendot managed inventory, VMI
• Demand forecasting
o Overview of forecasting methods and the practical possibilities for operating them
o Forecasting as Added Value to the business function of a company
• Inventory Management Analysis
o ABC Analysis
o XYZ Analysis
• Inventory management methods and models
o EOQ-economical optimal quantity
o JIT - just in time
o-QDM discounts of large ordering quantities
o ECR-effective response to consumer needs
o QR-Quick Response
o Inventory Management performance evaluation
o Ordering methods
• Inventory management costs |
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| General aim |
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| To give the students an overview of warehouses, warehousing, warehousing operations, the strategy of warehouse inventory management. |
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| Aim |
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A student
- knows the reasons and requirements of warehousing, can plan the supplies, is familiar with information system;
- knows different warehouse operations, ways of warehousing, can effectively organise work in the warehouse;
- knows warehouse technology and warehousing systems;
- can effectively organise the warehousing process. |
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| Form description |
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Applying theory in practice ( laboratory of logistics).
Practicing effective handling of goods, using warehous technology.
Solving practical tasks.
Company visits.
2 graded tests, solving of practical tasks. |
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| Literature |
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Ackerman K.B., 2000 Practical Handbook of Warehousing,
Best Practice in Inventory Management, Tony Wild, second edition, 2002
Effektivnoje ypravlenije zapasami, John Shribefedder, tõlg. Inglise keelest, 2008
Logistikakäsiraamat/Äripäev/, tunnikonspekt, erinevad publikatsioonid, internet |
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| Current rounds |
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| None |
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