INVENTORY MANAGEMENT
| Title | ΔΙΑΧΕΙΡΙΣΗ ΑΠΟΘΕΜΑΤΩΝ / INVENTORY MANAGEMENT |
| Code | 10602-LSC-101 |
| Faculty | Economic and Political Sciences |
| School | Economics |
| Cycle / Level | 2nd / Postgraduate |
| Teaching Period | Winter |
| Coordinator | Christos Zikopoulos |
| Common | No |
| Status | Active |
| Course ID | 600001059 |
Programme of Study: Logistics & Supply Chain Management
Registered students: 30
| Orientation | Attendance Type | Semester | Year | ECTS |
|---|---|---|---|---|
| KORMOS | Compulsory Course | 1 | 1 | 6 |
| Academic Year | 2019 – 2020 |
| Class Period | Winter |
| Faculty Instructors |
|
| Weekly Hours | 3 |
| Class ID | 600155484
|
Type of the Course
- Scientific Area
Course Category
Specific Foundation / Core
Mode of Delivery
- Face to face
Digital Course Content
- e-Study Guide https://qa.auth.gr/en/class/1/600155484
Learning Outcomes
Upon successful completion of the course, students will be able to
- apply quantitative techniques necessary during decision making considering raw materials purchasing, production planning and inventory replenishment
- confront issues related to supply disruptions and to provide suitable service levels to its customers, taking into account at the same time the economic performance of the system
- forecast product demand
General Competences
- Apply knowledge in practice
- Make decisions
- Work autonomously
- Work in teams
Course Content (Syllabus)
The course presents the different types of inventory and the motivation for holding them, the importance of optimally managing them and proposes ways for grading the performance of existing solutions. In addition, forecasting techniques are presented and discussed, as well as the most prevailing quantitative methods for inventory management, under deterministic or stochastic demand. All topics’ presentation is supported by applications taken from real-life examples. The scope of the course also includes coping with large-scale problems using spreadsheets.
Keywords
warehousing, optimization, stochastic methods
Educational Material Types
- Slide presentations
- Book
Use of Information and Communication Technologies
Use of ICT
- Use of ICT in Course Teaching
- Use of ICT in Laboratory Teaching
- Use of ICT in Communication with Students
Course Organization
| Activities | Workload | ECTS | Individual | Teamwork | Erasmus |
|---|---|---|---|---|---|
| Lectures | 39 | ✓ | |||
| Reading Assigment | 48 | ✓ | |||
| Written assigments | 90 | ✓ | |||
| Exams | 3 | ||||
| Total | 180 |
Student Assessment
Description
Course’s grade (F) depends on the performance in written exams (E), on assignments grades (A) and mid-term examination grade (M), as follows:
F = 0,6 x E + 0,2 x A + 0,2 x M.
Student Assessment methods
- Written Exam with Short Answer Questions (Summative)
- Written Assignment (Summative)
- Written Exam with Problem Solving (Summative)
Bibliography
Additional bibliography for study
Nahmias, S. and Olsen, T.L. Production and Operations Analysis, 7th edition, McGraw-Hill, 2015.
Silver, E.A., Pyke, D.F. and Thomas, D.J. Inventory and Production Management in Supply Chains, 4th edition, CRC Press, 2017.
Chopra, S. and Meindl, P., Supply Chain Management, 6th edition, Pearson Education, 2016.
Last Update
21-11-2020
