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Value Stream Management

Module name (EN):
Name of module in study programme. It should be precise and clear.
Value Stream Management
Degree programme:
Study Programme with validity of corresponding study regulations containing this module.
International Logistics Management, Bachelor, ASPO 01.10.2022
Module code: DFILM-315-EN
SAP-Submodule-No.:
The exam administration creates a SAP-Submodule-No for every exam type in every module. The SAP-Submodule-No is equal for the same module in different study programs.
P620-0593
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: 3
Mandatory course: yes
Language of instruction:
English
Assessment:
Final written exam (Klausur)

[updated 22.05.2023]
Applicability / Curricular relevance:
All study programs (with year of the version of study regulations) containing the course.

DFILM-315-EN (P620-0593) International Logistics Management, Bachelor, ASPO 01.10.2019 , semester 3, optional course
DFILM-315-EN (P620-0593) International Logistics Management, Bachelor, ASPO 01.10.2022 , semester 3, mandatory 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):
None.
Recommended as prerequisite for:
Module coordinator:
Prof. Dr. Thomas Bousonville
Lecturer:
Prof. Dr. Thomas Bousonville
Yvonne Ewen
Radu Vrincianu


[updated 11.05.2023]
Learning outcomes:
Warehousing and material flow management
After successfully completing this course 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
- calculate key performance indicators (KPI) to manage a warehouse
  
Inventory Management
After successfully completing this course students will be able to:
- explain the importance and functions of inventories and their costs for the company
- apply methods for analyzing inventory structures (Pareto-analysis, ABC-classification)
- devise procurement strategies based on SKU-types
- choose appropriate order scheduling methods in the presence of stable, dynamic and stochastic demand
- name and evaluate different KPI for product availability
- determine safety stock levels


[updated 22.05.2023]
Module content:
Warehousing and material flow management
- Material flow planning
- Warehouse management systems
- Order picking systems
- Packaging systems
- Warehouse KPI
- Basics of Lean Management
  
Inventory Management
  
- Functions and costs of stock
- Inventory analysis and classification
- Demand forecasts: methods and error measures
- Inventory models for constant demand
- Inventory models for dynamic demand
- Order policies in uncertain situations
- Determining safety stock
- Service level definitions


[updated 22.05.2023]
Teaching methods/Media:
Warehousing and material flow management
Lecture, calculations
  
Inventory Management
Lecture, calculations, case study exercises, field trip  


[updated 22.05.2023]
Recommended or required reading:
Warehousing and material flow management
-        Philip M. Price/ Natalie J. Harrison: Warehouse Management and Inventory control, 2nd edition, Access Education, 2015.  
- 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.
  
Inventory Management
•        Axsäter, S. (2015). Inventory control. 3rd ed. Heidelberg: Springer.
•        Chopra, S. and Meindl, P. (2016). Supply chain management. 6th ed. Harlow (Essex): Pearson.
•        Hopp, W. and Spearman, M. (2001). Factory physics. Boston: Irwin/McGraw-Hill.
•        Jacobs, F. and Chase, R. (2014). Operations and supply chain management. 14th ed. New York, NY: McGraw-Hill.
•        Krajewski, L., Malhotra, M. and Ritzman, L. (2016). Operations management. 11th ed. Harlow: Pearson Education Limited.
Silver, E., Pyke, D., Peterson, R. and Silver, E. (1998). Inventory management and production planning and scheduling. New York: Wiley.


[updated 22.05.2023]
 
[Fri May  3 21:04:41 CEST 2024, CKEY=dvsm, BKEY=dfilm3, CID=DFILM-315-EN, LANGUAGE=en, DATE=03.05.2024]