Course detail
Supply Management
FP-BmzPAcad. year: 2020/2021
Students will be made familiar with:
Material requirements planning system of production process; normative basis for consumption calculation. Order processing. Purchasing strategy for markets. Inventory management – inventory technologies base methods. Inventory sorting with Pareto analysis. Warehouse systems. Goods identification. Order processing and packing.
Language of instruction
Czech
Number of ECTS credits
6
Mode of study
Not applicable.
Guarantor
Department
Learning outcomes of the course unit
Students will be able to analyse and sort structure of inventory. Beside students will be able to make strategic decision in the field of warehouse projecting; warehouse technology and question how to effective manage material flows. The application of prediction tools and techniques of inventory both inventory management in practise is emphasized.
Prerequisites
Students are expected to have the following knowledge and skills when they begin the course – Logistics, Mathematics and Statistics. The course develops all completed knowledge from economy; technical science; informatics and production management.
Co-requisites
Not applicable.
Planned learning activities and teaching methods
Teaching methods depend on the type of course unit as specified in the article 7 of BUT Rules for Studies and Examinations.
Lectures will be conducted with the use of educational technology for the use of Power Point.
Seminars will be calculated as well as a seminar.
Lectures will be conducted with the use of educational technology for the use of Power Point.
Seminars will be calculated as well as a seminar.
Assesment methods and criteria linked to learning outcomes
The evaluation of the course is based on the systematic, continuous work of the students during whole semester.
The course assessment is based on students team semester project(s) solution; case study solution; semester project(s) presentation; seminars in computer laboratory and written exam. The maximum number of points is 100. Scoring of each component is following: semester project(s) solution (maximum 30 points/total); case study solution (20); semester project presentation (maximum 10 points) and written exam (maximum 40 points).
Additional activities (maximum 4) will be included during the semester. Additional activities are especially external lectures (5 points/lecture) or practical training (5 points/training) or excursions (5 points/excursion), which can be used for obtaining additional points to pass minimum points requirements.
Chosen semester project topics should be sent via Forms by the end of 3th week of the semester. Students have to hand over a written semestral projects via e-learning by the end of 6th week of the semester in the form project file: „teamleadername“. Late submission (inc. Case study solution) will be penalized by 20% from the total score of solution.
Attendance at additional activities (i. e. external lecture, practical training and excursion) is systematically controlled.
The course requirements grade are course-unit credit and exam. Course-unit credit maximum is 60 points (inc. project(s) and case study solution, project solution presentation). Course-unit credit is given under successful fulfilling the conditions of min. 30 points. At least 15 points have to be from semester project(s) solution. At least 10 points have to be from case study solution. The written exam (maximum 40 points) contains set of open and close questions, which focus on practicle understanding and application of general inventory management knowledge.
Course Course Completion for Students with Individual Study Plan:Course assessment is conditional on submitting and presentation of the semestral project solution, case study solution in the required scope and time. Conditions for awarding the course-unit credits: Working out the semestral project(s) (inc. presentation) and case study solution. The exam contains set of open and close questions, which focus on practical understanding and application of logistics approach.
Distance Course Completion:All full time education activities are replaced by adequate online education form. Student’s attendance is checked by selected topics solution or online discussion. The online exam contains set of open and closed questions, which focus on practical understanding and application of inventory management knowledge. Detail specifications are published in e-learning.
The course assessment is based on students team semester project(s) solution; case study solution; semester project(s) presentation; seminars in computer laboratory and written exam. The maximum number of points is 100. Scoring of each component is following: semester project(s) solution (maximum 30 points/total); case study solution (20); semester project presentation (maximum 10 points) and written exam (maximum 40 points).
Additional activities (maximum 4) will be included during the semester. Additional activities are especially external lectures (5 points/lecture) or practical training (5 points/training) or excursions (5 points/excursion), which can be used for obtaining additional points to pass minimum points requirements.
Chosen semester project topics should be sent via Forms by the end of 3th week of the semester. Students have to hand over a written semestral projects via e-learning by the end of 6th week of the semester in the form project file: „teamleadername“. Late submission (inc. Case study solution) will be penalized by 20% from the total score of solution.
Attendance at additional activities (i. e. external lecture, practical training and excursion) is systematically controlled.
The course requirements grade are course-unit credit and exam. Course-unit credit maximum is 60 points (inc. project(s) and case study solution, project solution presentation). Course-unit credit is given under successful fulfilling the conditions of min. 30 points. At least 15 points have to be from semester project(s) solution. At least 10 points have to be from case study solution. The written exam (maximum 40 points) contains set of open and close questions, which focus on practicle understanding and application of general inventory management knowledge.
Course Course Completion for Students with Individual Study Plan:Course assessment is conditional on submitting and presentation of the semestral project solution, case study solution in the required scope and time. Conditions for awarding the course-unit credits: Working out the semestral project(s) (inc. presentation) and case study solution. The exam contains set of open and close questions, which focus on practical understanding and application of logistics approach.
Distance Course Completion:All full time education activities are replaced by adequate online education form. Student’s attendance is checked by selected topics solution or online discussion. The online exam contains set of open and closed questions, which focus on practical understanding and application of inventory management knowledge. Detail specifications are published in e-learning.
Course curriculum
Procurement. Purchasing logistics. Strategic sourcing. Introduction to Materials Management. Material Requirements Planning. Inventory fundamentals. Basic inventory management goals, roles, concepts, purposes, and terminology. Analysis and inventory classification. Inventory prediction. Inventory controlling. Forecasting and demand management. Order quantities. Independent demand ordering systems. Warehouse function. Physical location. Warehouse technology. Warehouse management system. Package and packing technology. Marking and identification. Automatic identification. Additional inventory management processes and concepts. Collaborative approach of inventory management.
Work placements
Not applicable.
Aims
System approach how to understand of inventory management is a key activity of each company. The objective of the course is to provide students with the necessary supply management function of enterprise; economy and strategy point of view of inventory management in present global environment.
Specification of controlled education, way of implementation and compensation for absences
Full time attendance is replaced by semester project and case study solution, as well as the partial activities solution during the semester. Attendance at additional activities (i. e. external lecture, practical training and excursion) is systematically controlled.
Recommended optional programme components
Not applicable.
Prerequisites and corequisites
Not applicable.
Basic literature
EMMETT, S. Řízení zásob. 1. vyd. Brno: Computer Press 2008, 298 s. ISBN 978-80-251-1828-3. (CS)
HORÁKOVÁ, H., KUBÁT, J. Řízení zásob: logistické pojetí, metody, aplikace, praktické úlohy. Praha Profess Consulting 1998, 236 s. ISBN 80-85235-55-2. (CS)
LAMBERT, D. M. Logistika. 2. vyd. Brno: Computer Press, 2005. 589 s. ISBN 80-251-0504-0. (CS)
HORÁKOVÁ, H., KUBÁT, J. Řízení zásob: logistické pojetí, metody, aplikace, praktické úlohy. Praha Profess Consulting 1998, 236 s. ISBN 80-85235-55-2. (CS)
LAMBERT, D. M. Logistika. 2. vyd. Brno: Computer Press, 2005. 589 s. ISBN 80-251-0504-0. (CS)
Recommended reading
CHRISTOPHER,M. Logistika v marketingu. Přel.Prokeš R., Praha Management Press 2000, 166s. ISBN 80-7261-007-4. (CS)
LAMBERT,D.M.,STOCK,J.R.,ELLRAM,L.M. Logistika. Přel.Nevrlá,E. Praha Computer Press 2000, 589s. ISBN 80-7226-221-1. (CS)
TOMEK,G.,TOMEK, J.Nákupní marketing.1 vyd. Praha: GRADA Publishing 1996, 176s. ISBN 80-85623-96-X. (CS)
LAMBERT,D.M.,STOCK,J.R.,ELLRAM,L.M. Logistika. Přel.Nevrlá,E. Praha Computer Press 2000, 589s. ISBN 80-7226-221-1. (CS)
TOMEK,G.,TOMEK, J.Nákupní marketing.1 vyd. Praha: GRADA Publishing 1996, 176s. ISBN 80-85623-96-X. (CS)
Elearning
eLearning: currently opened course
Classification of course in study plans
Type of course unit
Lecture
20 hod., optionally
Teacher / Lecturer
Syllabus
1. Logistics of supply management, Sourcing of Supply Management
2. Purchasing, function Purchasing and purchasing strategy
3. Strategy and Systems of Inventory Management
4. Economics of Inventory – Demand forecasting and prediction.
5. Warehouse systems, warehouse technology and trends in stock, standardization
6. Packing; Packaging and its function. Packaging techniques and standardization
7. Marking forms, identification of material flows and goods. EAN and further systems
8. Automation Identification
9. – 10. Collaborative approaches of inventory management - VMI strategy; Consignment stock inventory
2. Purchasing, function Purchasing and purchasing strategy
3. Strategy and Systems of Inventory Management
4. Economics of Inventory – Demand forecasting and prediction.
5. Warehouse systems, warehouse technology and trends in stock, standardization
6. Packing; Packaging and its function. Packaging techniques and standardization
7. Marking forms, identification of material flows and goods. EAN and further systems
8. Automation Identification
9. – 10. Collaborative approaches of inventory management - VMI strategy; Consignment stock inventory
Exercise
20 hod., compulsory
Teacher / Lecturer
Syllabus
1. Case study setting. The role of inventory, function of inventory in enterprise.
2. Quantification of inventory costs.
3. Range of inventory in logistic system.
4. Ordering systems; point of decoupling – mathematical and statistical methods of demand calculation
5. Purchasing strategy decision making
6. Systems and models of inventory management
7. Optimal ordering quantity
8. Analysis and methods of inventory classification
9. Case study
10. Course unit credit. Presentation of case study solution
2. Quantification of inventory costs.
3. Range of inventory in logistic system.
4. Ordering systems; point of decoupling – mathematical and statistical methods of demand calculation
5. Purchasing strategy decision making
6. Systems and models of inventory management
7. Optimal ordering quantity
8. Analysis and methods of inventory classification
9. Case study
10. Course unit credit. Presentation of case study solution
Elearning
eLearning: currently opened course