LOGISTIC MANAGEMENT
Bachelor	TR-NQF-HE: Level 6	QF-EHEA: First Cycle	EQF-LLL: Level 6

Course Introduction and Application Information

Course Code	Course Name	Semester	Theoretical	Practical	Credit	ECTS
LOG4436	Inventory and Warehouse Management	Fall Spring	3	0	3	6

This catalog is for information purposes. Course status is determined by the relevant department at the beginning of semester.

Basic information

Language of instruction:	English
Type of course:	Departmental Elective
Course Level:	Bachelor’s Degree (First Cycle)
Mode of Delivery:	Face to face
Course Coordinator :	Prof. Dr. YAVUZ GÜNALAY
Recommended Optional Program Components:	None
Course Objectives:	Students learn to analytically solve problems and make decision considering forecasting, inventory planning and service levels, profitability, product range, supply chain dynamics, facility location, distribution, and routing.

Learning Outcomes

The students who have succeeded in this course;
The course provides an integrated methodology for strategy based inventory and product management in supply chains.

Course Content

Course introduction, Measures in logistics, ABCD analysis, Activity based costing, Du Pont -model, Turnover, Modeling in logistics, Trend adjustment: Holt’s method, Trend and seasonal variation adjustment: Winter’s model, optimizing the parameters for the above methods, Stochastic demand, Safety stocks, Single products with time-variable demand, dynamic programming, Wagner-Whitin method, Silver-Meal heuristics, Time supply, Lot- forlot, Least unit cost, Part-period balancing, Heuristics, Yield Management – stochastic demand, Bullwhip effect, Deterministic demand, Probabilistic demand, Arborescent system, Supply chain contracts, Distribution requirements planning, Multioperiod production planning, Repair crew planning.

Weekly Detailed Course Contents

Week	Subject	Related Preparation
1)	Course introduction, Measures in logistics, ABCD analysis
2)	Activity based costing
3)	Du-Pont Model, Turnover, Modeling in Logistics
4)	Trend adjustment: Holt’s method, Trend and seasonal variation adjustment: Winter’s model, optimizing the parameters for the above methods
5)	Stochastic demand, Safety stocks, Single products with time-variable demand, dynamic programming
6)	Wagner-Whitin method, Silver-Meal heuristics, Time supply, Lot- forlot, Least unit cost, Part-period balancing, Heuristics
7)	Yield Management – stochastic demand
8)	Midterms Week
9)	Bullwhip effect, Deterministic demand, Probabilistic demand, Arborescent system, Supply chain contracts, Distribution requirements planning
10)	Multioperiod production planning, Repair crew planning
11)	Case Capacent - preparation
12)	Case Capacent feedback session
13)	Course Wrapup; Case Sport Obermeyer feedback session
14)	Finals Week

Sources

Course Notes / Textbooks:	Silver, Edward A. (1998) Inventory management and production planning and scheduling. ISBN 0-471-11947-4.
References:	Ders Notları - Lecture material and course reading package.

Evaluation System

Semester Requirements	Number of Activities	Level of Contribution
Homework Assignments	5	% 30
Midterms	1	% 30
Final	1	% 40
Total		% 100
PERCENTAGE OF SEMESTER WORK		% 60
PERCENTAGE OF FINAL WORK		% 40
Total		% 100

ECTS / Workload Table

Activities	Number of Activities	Duration (Hours)	Workload
Course Hours	14	3	42
Study Hours Out of Class	14	3	42
Homework Assignments	5	12	60
Midterms	1	2	2
Final	1	2	2
Total Workload			148

Contribution of Learning Outcomes to Programme Outcomes

No Effect	1 Lowest	2 Low	3 Average	4 High	5 Highest

	Program Outcomes	Level of Contribution
1)	To correctly identify the problems and to be able to ask the correct questions	2
2)	To have the ability for problem solving and to utilize analytical approach in dealing with the problems	2
3)	To be able to identify business processes and use them to increase the productivity in logistics system.	3
4)	To be fully prepared for a graduate study	3
5)	Awareness of the new advancements in Information and Communications Technologies (ICT) and to be able to use them in logistics management effectively. internet and the electronic world	2
6)	To understand the components of logistics as well as the importance of the coordination among these components.	4
7)	To know the necessary ingredients for improving the productivity in business life	3
8)	To think innovatively and creatively in complex situations	1
9)	To act and think both regionally and internationally	3
10)	To understand the demands and particular questions of globalization	2
11)	Aware of the two way interaction between globalization and logistics; as well as to use this interaction for increasing the productivity.	4
12)	To be able to use at least one foreign language both for communication and academic purposes	2
13)	To acquire leadership qualities but also to know how to be a team member	4
14)	To understand the importance of business ethics and to apply business ethics as a principal guide in both business and academic environment	3