TTK University of Applied Sciences
Subject 'Inventory Management'Name in Estonian: Varude haldamine ja optimeerimine
General descriptionDemand 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 aimTo give students knowledge about inventory management modes and methods, also economic order quantity.
AimThe 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 descriptionLectures, interactive seminars, workshops.
LiteraturePortfolio of lecturer materials.
Evaluation methodsAssessment 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 curricula2017: TK 2016: TK 2013: TL * Optional subject
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