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