TTK University of Applied Sciences
Login

Subject 'Inventory Management'

Name in Estonian: Varude haldamine ja optimeerimine

Year:   2015/2016    2016/2017    2017/2018    2018/2019    2019/2020    

State codeTTJ026
Study languageEstonian
ChairTransport ja logistika
Credit points 3 ECTS
Grading method Exam

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)

Is taught in following curricula

2020: TK  TK  
2019: TK  TK  TT*  
2018: TK  TK  TT*  
2017: TK  
2016: TK  
2013: TL  
* Optional subject
eten