ECTS - Purchase and Inventory Management
Purchase and Inventory Management (LOJ502) Course Detail
| Course Name | Course Code | Season | Lecture Hours | Application Hours | Lab Hours | Credit | ECTS |
|---|---|---|---|---|---|---|---|
| Purchase and Inventory Management | LOJ502 | General Elective | 3 | 0 | 0 | 3 | 5 |
| Pre-requisite Course(s) |
|---|
| N/A |
| Course Language | English |
|---|---|
| Course Type | Elective Courses (Group A) |
| Course Level | Social Sciences Master's Degree |
| Mode of Delivery | Face To Face |
| Learning and Teaching Strategies | Lecture, Discussion, Question and Answer, Drill and Practice. |
| Course Lecturer(s) |
|
| Course Objectives | The main objective of this course is to provide students with knowledge of the nature, importance, and role of inventory management and warehousing within international supply chain and logistics systems. Warehousing provides time and space benefits for raw materials, industrial products, and finished goods, while also offering companies a value-added competitive advantage through customer service. Similarly, the goal of inventory management is simply to meet customer demands. Therefore, fundamental warehousing, inventory decision-making, operational issues, and the reasons for holding inventory will be covered in this course. |
| Course Learning Outcomes |
The students who succeeded in this course;
|
| Course Content | Materials handling, packaging, bar-coding, cross docking, inventory control system, ABC classification, economic order quantity models. |
Weekly Subjects and Releated Preparation Studies
| Week | Subjects | Preparation |
|---|---|---|
| 1 | The principles, nature, and importance of warehousing; the role of warehousing within the logistics system. | Part 4 (15): Logistics & Distribution Management, by Alan Rushton, Phil Croucher, Peter Baker |
| 2 | Objectives of material handling | Part 4 (16): Logistics & Distribution Management, by Alan Rushton, Phil Croucher, Peter Baker |
| 3 | The role of packaging and barcoding | Part 4 (21): Logistics & Distribution Management, by Alan Rushton, Phil Croucher, Peter Baker |
| 4 | Functions of cross-docking and warehousing | Part 4 (19): Logistics & Distribution Management, by Alan Rushton, Phil Croucher, Peter Baker |
| 5 | Strategic storage | Part 4: Logistics & Distribution Management, by Alan Rushton, Part 2: Warehousing in The Global Supply Chain, by Riccardo Manzini |
| 6 | Global warehousing strategies, International logistics in warehousing. | Part 4 : Logistics & Distribution Management, by Alan Rushton, Phil Croucher, Peter Baker Part 2: Warehousing in The Global Supply Chain, by Riccardo Manzini |
| 7 | Storage and distribution, Storage Activities | Part 1: Logistics & Distribution Management, by Alan Rushton, Phil Croucher, Peter Baker Bölüm |
| 8 | Midterm Exam | |
| 9 | Types of inventory, inventory control systems and reasons for inventory keeping. | Part 1: Essentials of Inventory Management, by Max Muller |
| 10 | Inventory status and cost within the supply chain. | Part 2: Essentials of Inventory Management, by Max Muller |
| 11 | The goals of inventory management. | Part 5: Essentials of Inventory Management, by Max Muller |
| 12 | Unified planning and inventory management | Part 6: Essentials of Inventory Management, by Max Muller |
| 13 | ABC classification | Part 6: Essentials of Inventory Management, by Max Muller |
| 14 | Inventory cost relationship and inventory models | Part 6: Essentials of Inventory Management, by Max Muller |
| 15 | Economic order quantity models (EQOM) and Pareto analysis | Part 5: Essentials of Inventory Management, by Max Muller |
| 16 | Final Exam |
Sources
| Course Book | 1. Logistics & Distribution Management, by Alan Rushton, Phil Croucher, Peter Baker, Kogan Page Limited, 2006 |
|---|---|
| 2. Warehousing in The Global Supply Chain, Riccardo Manzini, Springer, 2011 Essentials of Inventory Management, Max Muller, 2nd Edition, AMACOM, 2011 |
Evaluation System
| Requirements | Number | Percentage of Grade |
|---|---|---|
| Attendance/Participation | - | - |
| Laboratory | - | - |
| Application | - | - |
| Field Work | - | - |
| Special Course Internship | - | - |
| Quizzes/Studio Critics | - | - |
| Homework Assignments | 4 | 35 |
| Presentation | - | - |
| Project | - | - |
| Report | - | - |
| Seminar | - | - |
| Midterms Exams/Midterms Jury | 1 | 25 |
| Final Exam/Final Jury | 1 | 40 |
| Toplam | 6 | 100 |
| Percentage of Semester Work | |
|---|---|
| Percentage of Final Work | 100 |
| Total | 100 |
Course Category
| Core Courses | |
|---|---|
| Major Area Courses | X |
| Supportive Courses | |
| Media and Managment Skills Courses | |
| Transferable Skill Courses |
The Relation Between Course Learning Competencies and Program Qualifications
| # | Program Qualifications / Competencies | Level of Contribution | ||||
|---|---|---|---|---|---|---|
| 1 | 2 | 3 | 4 | 5 | ||
| 1 | Obtaining wide knowledge about both Turkey and Global World Trade along with economics. | |||||
| 2 | Increasing skills on trade and logistics by getting modern and current trade and logistics knowledge. | |||||
| 3 | Getting current extensive knowledge about international business, global marketing, international distribution, international management, logistics, microeconomics, macroeconomics, international economics and policy, international trade theory, foreign trade regulation, customs procedures, international marketing research and international investment. | |||||
| 4 | Getting analytical and conceptual foresight and evaluation skills on international business, international logistics, international economics, international trade. | |||||
| 5 | Getting knowledge about logistics, distribution channels and its sub chanelles, wholesaling and retailing, on an international level. | |||||
| 6 | Getting opportunity working in current positions and being candidate upper positions in the future along with international trade and logistics field. | |||||
| 7 | Getting opportunity to evaluate international business, trade and economics along with global perspective. | |||||
| 8 | Getting wide knowledge about export and import transactions and their applications. | |||||
| 9 | Improving management skills by the knowledge that is usable in daily life. | |||||
| 10 | Getting knowledge about international trade law and regulations. | |||||
| 11 | Getting a wider perspective and evaluating opportunities on macro environment of international business. | |||||
ECTS/Workload Table
| Activities | Number | Duration (Hours) | Total Workload |
|---|---|---|---|
| Course Hours (Including Exam Week: 16 x Total Hours) | 16 | 3 | 48 |
| Laboratory | |||
| Application | |||
| Special Course Internship | |||
| Field Work | |||
| Study Hours Out of Class | 14 | 6 | 84 |
| Presentation/Seminar Prepration | |||
| Project | |||
| Report | |||
| Homework Assignments | 4 | 15 | 60 |
| Quizzes/Studio Critics | |||
| Prepration of Midterm Exams/Midterm Jury | 1 | 20 | 20 |
| Prepration of Final Exams/Final Jury | 1 | 40 | 40 |
| Total Workload | 252 | ||