Curriculum subject

Inventory Management

Subject
Subject code	TTJ026
Subject name	Inventory Management
Credit points	3 ECTS
Grading method	Exam

Curriculum subject
Curriculum	2013 TL
Study year	3
Semester	Fall semester
Subject type	Mandatory

General description
Demand in supply chain. Demand forecasting. Forrester’s effect. Inventory in supply chain. Inventory categories. Inventory in compay financial accounting and bookkeeping. Inventory rotation cycle. Inventory management in company. Inventory control in company. Inventory costs. Inventory management and methods. ABC analysis. XYZ analysis. Economical order quantity. Trade-off between transportation costs and storage costs. Inventory location in supply chain. Inventory centralization vs decentralization. Assortment analysis and management. Inventory management efficiency.

General aim
To give students knowledge about inventory management modes and methods, also economic order quantity.

Aim
The student knows • inventory management modes and methods • inventory optimization modes and methods The student is able to • analyze consumption and to forecast demand • analyze inventory and assortment • calculate and evaluate inventory cost

Form description
Lectures, interactive seminars, workshops.

Literature
Portfolio of lecturer materials.

Evaluation methods
Assessment is based on the following partial results: • test in interactive e-learning environment – 50% • solving of tasks – 50% Minimum positive grade - "satisfying" (2)

Current rounds
None