Subject 'Inventory Management'

Year:   2010/2011    2011/2012    2012/2013    2013/2014    2014/2015    

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

To give the students an overview of warehouses, warehousing, warehousing operations, the strategy of warehouse inventory management.

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.

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.

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

2012: LI  

2011: LI  

2010: LI  

2009: LI