Prerequisites: Sophomore Standing; minimum grade of "C-" in SCMG 332 or SCMG 332H or SCMG 232 or SCMG 232H; INFS 247 or INFS 247H; ISSCM 241 or ISSCM 241H or STAT 103.
This course explores strategies for efficient and environmentally sustainable management of inventory in supply chains. Topics include inventory tracking and classification, warehousing activities, and inventory replenishment strategies. Emphasis is placed on the development and implementation of quantitative decision-making models.
Outcomes: Students will understand how material flows through a warehouse and the primary tasks involved in a warehouse (receiving, order picking, put-away, etc); Understand how to measure and improve key performance indicators related to warehousing and inventory management (inventory turns, days of supply, etc); Identify, understand, and implement different inventory review strategies (periodic vs continuous) and replenishment policies; Gain experience with using spreadsheet tools and simulation software to support supply chain decision-making.
This course explores strategies for efficient and environmentally sustainable management of inventory in supply chains. Topics include inventory tracking and classification, warehousing activities, and inventory replenishment strategies. Emphasis is placed on the development and implementation of quantitative decision-making models.
Outcomes: Students will understand how material flows through a warehouse and the primary tasks involved in a warehouse (receiving, order picking, put-away, etc); Understand how to measure and improve key performance indicators related to warehousing and inventory management (inventory turns, days of supply, etc); Identify, understand, and implement different inventory review strategies (periodic vs continuous) and replenishment policies; Gain experience with using spreadsheet tools and simulation software to support supply chain decision-making.