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Specialization (SP) Module 2: Inventory Management

Module name (EN):
Name of module in study programme. It should be precise and clear.
Specialization (SP) Module 2: Inventory Management
Degree programme:
Study Programme with validity of corresponding study regulations containing this module.
Business Administration, Bachelor, ASPO 01.10.2012
Module code: BBWL-532
Hours per semester week / Teaching method:
The count of hours per week is a combination of lecture (V for German Vorlesung), exercise (U for Übung), practice (P) oder project (PA). For example a course of the form 2V+2U has 2 hours of lecture and 2 hours of exercise per week.
4V (4 hours per week)
ECTS credits:
European Credit Transfer System. Points for successful completion of a course. Each ECTS point represents a workload of 30 hours.
5
Semester: 5, or 6
Mandatory course: no
Language of instruction:
German
Assessment:
Written exam (120 min. / Can be repeated semesterly)

[updated 02.01.2019]
Applicability / Curricular relevance:
All study programs (with year of the version of study regulations) containing the course.

BBWL-532 Business Administration, Bachelor, ASPO 01.10.2012 , optional course
BBWL-532/632 (P420-0081) Business Administration, Bachelor, ASPO 01.10.2016 , optional course
Workload:
Workload of student for successfully completing the course. Each ECTS credit represents 30 working hours. These are the combined effort of face-to-face time, post-processing the subject of the lecture, exercises and preparation for the exam.

The total workload is distributed on the semester (01.04.-30.09. during the summer term, 01.10.-31.03. during the winter term).
60 class hours (= 45 clock hours) over a 15-week period.
The total student study time is 150 hours (equivalent to 5 ECTS credits).
There are therefore 105 hours available for class preparation and follow-up work and exam preparation.
Recommended prerequisites (modules):
BBWL-410 Production, Logistics and Purchasing (Operations Management)


[updated 04.09.2012]
Recommended as prerequisite for:
Module coordinator:
Prof. Dr. Thomas Bousonville
Lecturer:
Prof. Dr. Thomas Bousonville
Prof. Dr. Steffen H. Hütter


[updated 04.09.2012]
Learning outcomes:
After successfully completing this module students will be able to:
- apply quantitative methods of transport and material flow planning
- describe the technical structure of warehouses
- assess the applicability of different order picking methods
- select a type of packaging depending on a specific product and apply common site-planning procedures
In addition, students will be able to:
  
 
- explain the importance of inventories and their costs for the company
- independently analyze stocks by using inventory KPIs and ABC/XYZ methods.
- confidently use terms such as optimal order quantity, order cycle, reorder point, safety stock and stock at disposal
 
- identify, evaluate and select quantitative inventory models for constant, dynamic and stochastic demand patterns and select a model according to context
 
- determine safety stock levels depending on service level
 
 


[updated 02.01.2019]
Module content:
- Material flow planning
- Warehouse management systems
- Order picking systems
- Packaging systems
- Functions and costs of stock
- Inventory KPIs
- Inventory analysis and classification: ABC and XYZ analyses; derived
  procurement strategies
- Demand forecasts: methods and error measures
- Inventory models for a constant demand pattern
- Dynamic dispatch
- Order policies in uncertain situations
- Determining safety stock
- Possible service level definitions


[updated 02.01.2019]
Teaching methods/Media:
Lecture, calculations, case study exercises, field trips  

[updated 02.01.2019]
Recommended or required reading:
- Jünemann, Reinhardt/Schmidt, Thorsten: Materialflußsysteme. Systemtechnische
  Grundlagen. 2. Aufl. Berlin et al. 2000.
- Ten Hompel, M., Schmidt, T.: Warehouse Management, 3., korr. Aufl., Berlin
  Heidelberg 2008.
- Arnold, D., Furmans, K.: Materialfluss in Logistiksystemen, 6., erweiterte
  Aufl., Berlin Heidelberg 2009.
- Hartmann, H.: Materialwirtschaft, 8., überarb. und erw. Aufl., Gernsbach 2002.
- Stölzle, W., Heusler, K. F., Karrer, M.: Erfolgsfaktor Bestandsmanagement:  
  Konzept, Anwendung, Perspektiven, Zürich 2004.
- Tempelmeier, H.: Material-Logistik, 6. Aufl., Berlin Heidelberg 2005.  


[updated 02.01.2019]
 
[Thu Nov 21 19:34:00 CET 2024, CKEY=bil, BKEY=bbw, CID=BBWL-532, LANGUAGE=en, DATE=21.11.2024]