Course Detail
Course Description
| Course | Code | Semester | T+P (Hour) | Credit | ECTS |
|---|---|---|---|---|---|
| STORAGE and INVENTORY MANAGEMENT | - | Fall Semester | 3+0 | 3 | 4 |
| Course Program |
| Prerequisites Courses | |
| Recommended Elective Courses |
| Language of Course | English |
| Course Level | First Cycle (Bachelor's Degree) |
| Course Type | Required |
| Course Coordinator | Assist.Prof. Gonca Reyhan AKKARTAL |
| Name of Lecturer(s) | Assist.Prof. Gonca Reyhan AKKARTAL |
| Assistant(s) | |
| Aim | Observing the competitive advantage of stock and inventory management and the decrease in costs. Calculating the economic order quantity and consequently ensuring the sustainability of the production and supply line with very little stock |
| Course Content | This course contains; Importance within the business Organization and supply chain, Materials management and objectives, Materials' types and encoding system,Types Of Stored Materials, Storage types, Warehouse classification, Stock and Inventory concepts, Logistics management and Stock,Comparison of rent and owned Storehouses, Storage-based Logistics Models, Stock types, The purpose and function of the Stock Management,Single or Multiple site warehouse selection, ABC analysis of inventory items, Single and Multi-criteria inventory items’ classification,Storage location selection methods, Factor-Points method, Center of Gravity method, Calculation of Inventory costs,Storage Processes, basic and support processes, relationship between inventory and capital, Purchases and sales-term effects on the cost of the stock,Storage areas, Exterior and Interior environment, Independent demand inventory control model for the structure of basic demand, maximum and minimum inventory levels and ordering,Workforce planning and placement in the Storage systems, Loading/Unloading Techniques, Economic order and production quantities according to the calculations for the methods of determining inventory,Addressing Systems, ABC Analysis, Goods movements (FIFI, LIFO, e.t.c.), Stocks and factors affecting Safety, Demand quantity and methods for reduction of aberrations in the duration of supply,Warehouse equipment and containers, Simple Inventory and Pending Orders (Backordering) Inventory control models, Inventory control model based on quantity discount price,Warehouse Information Systems, dependent demand based Inventory systems and master production schedule and Bill of Materials,Cost and Performance management in warehouse, Material Requirements Planning (MRP) System,Warehouse Design, determining net Requirements and Scheduling-matrix method,Distribution systems, determination of the order quantity in MRP (lot sizing). |
| Dersin Öğrenme Kazanımları | Teaching Methods | Assessment Methods |
| 1.0. Will Be Able To Understand the Fundamentals of Warehouse and Inventory Management | 10, 16, 9 | A |
| 1.1. Understands what inventory is | 10, 16, 9 | A |
| 1.2. Understands the Importance of Warehouse Management | 10, 16, 9 | A |
| 2.0. Will Be Able To Learn Warehouse Design and Organization | 10, 16, 9 | A |
| 2.1. Understands Warehouse Design Principles | 10, 16, 9 | A |
| 2.2. Understands Stock Area Management | 10, 16, 9 | A |
| 3.0. Will Be Able To Learning Inventory Calculation and Classification | 10, 16, 9 | A |
| 3.1. Could be able to do ABC Analysis | 10, 16, 9 | A |
| 3.2. Accounts EOQ | 10, 16, 9 | A |
| 4.0. Will Be Able To Track and Control Inventory | 10, 16, 9 | A |
| 4.1. Learns Warehouse Operations and Tracking | 10, 16, 9 | A |
| 4.2. Manages the stock cycle | 10, 16, 9 | A |
| 5.0. Will Be Able To Learn to Use Technology in Warehouse and Inventory Management | 10, 16, 9 | A |
| 5.1. Performs Automation and RFID Applications | 10, 16, 9 | A |
| 5.2. Learns Inventory Management Software | 10, 16, 9 | A |
| Teaching Methods: | 10: Discussion Method, 16: Question - Answer Technique, 9: Lecture Method |
| Assessment Methods: | A: Traditional Written Exam |
Course Outline
| Order | Subjects | Preliminary Work |
|---|---|---|
| 1 | Importance within the business Organization and supply chain, Materials management and objectives, Materials' types and encoding system | Supplying the documents |
| 2 | Types Of Stored Materials, Storage types, Warehouse classification, Stock and Inventory concepts, Logistics management and Stock | |
| 3 | Comparison of rent and owned Storehouses, Storage-based Logistics Models, Stock types, The purpose and function of the Stock Management | |
| 4 | Single or Multiple site warehouse selection, ABC analysis of inventory items, Single and Multi-criteria inventory items’ classification | |
| 5 | Storage location selection methods, Factor-Points method, Center of Gravity method, Calculation of Inventory costs | |
| 6 | Storage Processes, basic and support processes, relationship between inventory and capital, Purchases and sales-term effects on the cost of the stock | |
| 7 | Storage areas, Exterior and Interior environment, Independent demand inventory control model for the structure of basic demand, maximum and minimum inventory levels and ordering | |
| 8 | Workforce planning and placement in the Storage systems, Loading/Unloading Techniques, Economic order and production quantities according to the calculations for the methods of determining inventory | |
| 9 | Addressing Systems, ABC Analysis, Goods movements (FIFI, LIFO, e.t.c.), Stocks and factors affecting Safety, Demand quantity and methods for reduction of aberrations in the duration of supply | |
| 10 | Warehouse equipment and containers, Simple Inventory and Pending Orders (Backordering) Inventory control models, Inventory control model based on quantity discount price | |
| 11 | Warehouse Information Systems, dependent demand based Inventory systems and master production schedule and Bill of Materials | |
| 12 | Cost and Performance management in warehouse, Material Requirements Planning (MRP) System | |
| 13 | Warehouse Design, determining net Requirements and Scheduling-matrix method | |
| 14 | Distribution systems, determination of the order quantity in MRP (lot sizing) |
| Resources |
| Excellence in Warehouse Management How to Minimise Costs and Maximise Value By Stuart Emmett · 2015 |
| Warehouse Management The Definitive Guide to Improving Efficiency and Minimizing Costs in the Modern Warehouse By Gwynne Richards · 2021 |
Course Contribution to Program Qualifications
| Course Contribution to Program Qualifications | |||||||
| No | Program Qualification | Contribution Level | |||||
| 1 | 2 | 3 | 4 | 5 | |||
| 1 | Uluslararası lojistik ve tedarik zinciri yönetimi alanında teorik bilgileri tanımlar. | X | |||||
| 2 | Uluslararası lojistik ve tedarik zinciri yönetimi alanında gerekli matematiksel ve istatistiki yöntemleri anlatır. | X | |||||
| 3 | Uluslararası lojistik ve tedarik zinciri yönetimi alanında gerekli en az bir bilgisayar programını kullanır. | ||||||
| 4 | Uluslararası lojistik ve tedarik zinciri yönetimi alanında gerekli olan mesleki yabancı dil yeterliliğini gösterir. | X | |||||
| 5 | Alanına dair projeler hazırlar ve takım çalışmalarını yönetir. | X | |||||
| 6 | Mesleki alanda yaşam boyu öğrenmenin bilinciyle uluslararası lojistik ve tedarik zinciri yönetimi alanında gelişmeleri izleyerek kendini sürekli yenileyip edindiği bilgi ve becerileri eleştirel olarak değerlendirir. | X | |||||
| 7 | Uluslararası lojistik ve tedarik zinciri yönetimi alanında teorik ve uygulamaya yönelik bilgileri kullanır. | X | |||||
| 8 | En az A1 düzeyinde bir yabancı dili kullanarak güncel teknolojileri takip eder, sözlü/yazılı iletişim kurar. | X | |||||
| 9 | Örgüt/kurumsal, iş ve toplumsal etik değerlerini benimser ve kullanır. | X | |||||
| 10 | Topluma hizmet duyarlılığı çerçevesinde, sosyal sorumluluk ilkelerini benimser ve gerektiğinde inisiyatif alır. | X | |||||
| 11 | Disiplinler arası çalışmalar yürütebilmek için farklı disiplinlerde temel bilgileri ve verileri analiz ederek alanında kullanır. | X | |||||
| 12 | Uluslararası lojistik ve tedarik zinciri yönetimi sektörlerindeki sorunlar karşısında hem mikro hem makro çerçevede uygun öneriler sunar. | X | |||||
Assessment Methods
| Contribution Level | Absolute Evaluation | |
| Rate of Midterm Exam to Success | 40 | |
| Rate of Final Exam to Success | 60 | |
| Total | 100 | |
| ECTS / Workload Table | ||||||
| Activities | Number of | Duration(Hour) | Total Workload(Hour) | |||
| Course Hours | 14 | 3 | 42 | |||
| Guided Problem Solving | 1 | 5 | 5 | |||
| Resolution of Homework Problems and Submission as a Report | 1 | 10 | 10 | |||
| Term Project | 1 | 8 | 8 | |||
| Presentation of Project / Seminar | 1 | 10 | 10 | |||
| Quiz | 1 | 10 | 10 | |||
| Midterm Exam | 1 | 15 | 15 | |||
| General Exam | 1 | 20 | 20 | |||
| Performance Task, Maintenance Plan | 0 | 0 | 0 | |||
| Total Workload(Hour) | 120 | |||||
| Dersin AKTS Kredisi = Toplam İş Yükü (Saat)/30*=(120/30) | 4 | |||||
| ECTS of the course: 30 hours of work is counted as 1 ECTS credit. | ||||||
Detail Informations of the Course
Course Description
| Course | Code | Semester | T+P (Hour) | Credit | ECTS |
|---|---|---|---|---|---|
| STORAGE and INVENTORY MANAGEMENT | - | Fall Semester | 3+0 | 3 | 4 |
| Course Program |
| Prerequisites Courses | |
| Recommended Elective Courses |
| Language of Course | English |
| Course Level | First Cycle (Bachelor's Degree) |
| Course Type | Required |
| Course Coordinator | Assist.Prof. Gonca Reyhan AKKARTAL |
| Name of Lecturer(s) | Assist.Prof. Gonca Reyhan AKKARTAL |
| Assistant(s) | |
| Aim | Observing the competitive advantage of stock and inventory management and the decrease in costs. Calculating the economic order quantity and consequently ensuring the sustainability of the production and supply line with very little stock |
| Course Content | This course contains; Importance within the business Organization and supply chain, Materials management and objectives, Materials' types and encoding system,Types Of Stored Materials, Storage types, Warehouse classification, Stock and Inventory concepts, Logistics management and Stock,Comparison of rent and owned Storehouses, Storage-based Logistics Models, Stock types, The purpose and function of the Stock Management,Single or Multiple site warehouse selection, ABC analysis of inventory items, Single and Multi-criteria inventory items’ classification,Storage location selection methods, Factor-Points method, Center of Gravity method, Calculation of Inventory costs,Storage Processes, basic and support processes, relationship between inventory and capital, Purchases and sales-term effects on the cost of the stock,Storage areas, Exterior and Interior environment, Independent demand inventory control model for the structure of basic demand, maximum and minimum inventory levels and ordering,Workforce planning and placement in the Storage systems, Loading/Unloading Techniques, Economic order and production quantities according to the calculations for the methods of determining inventory,Addressing Systems, ABC Analysis, Goods movements (FIFI, LIFO, e.t.c.), Stocks and factors affecting Safety, Demand quantity and methods for reduction of aberrations in the duration of supply,Warehouse equipment and containers, Simple Inventory and Pending Orders (Backordering) Inventory control models, Inventory control model based on quantity discount price,Warehouse Information Systems, dependent demand based Inventory systems and master production schedule and Bill of Materials,Cost and Performance management in warehouse, Material Requirements Planning (MRP) System,Warehouse Design, determining net Requirements and Scheduling-matrix method,Distribution systems, determination of the order quantity in MRP (lot sizing). |
| Dersin Öğrenme Kazanımları | Teaching Methods | Assessment Methods |
| 1.0. Will Be Able To Understand the Fundamentals of Warehouse and Inventory Management | 10, 16, 9 | A |
| 1.1. Understands what inventory is | 10, 16, 9 | A |
| 1.2. Understands the Importance of Warehouse Management | 10, 16, 9 | A |
| 2.0. Will Be Able To Learn Warehouse Design and Organization | 10, 16, 9 | A |
| 2.1. Understands Warehouse Design Principles | 10, 16, 9 | A |
| 2.2. Understands Stock Area Management | 10, 16, 9 | A |
| 3.0. Will Be Able To Learning Inventory Calculation and Classification | 10, 16, 9 | A |
| 3.1. Could be able to do ABC Analysis | 10, 16, 9 | A |
| 3.2. Accounts EOQ | 10, 16, 9 | A |
| 4.0. Will Be Able To Track and Control Inventory | 10, 16, 9 | A |
| 4.1. Learns Warehouse Operations and Tracking | 10, 16, 9 | A |
| 4.2. Manages the stock cycle | 10, 16, 9 | A |
| 5.0. Will Be Able To Learn to Use Technology in Warehouse and Inventory Management | 10, 16, 9 | A |
| 5.1. Performs Automation and RFID Applications | 10, 16, 9 | A |
| 5.2. Learns Inventory Management Software | 10, 16, 9 | A |
| Teaching Methods: | 10: Discussion Method, 16: Question - Answer Technique, 9: Lecture Method |
| Assessment Methods: | A: Traditional Written Exam |
Course Outline
| Order | Subjects | Preliminary Work |
|---|---|---|
| 1 | Importance within the business Organization and supply chain, Materials management and objectives, Materials' types and encoding system | Supplying the documents |
| 2 | Types Of Stored Materials, Storage types, Warehouse classification, Stock and Inventory concepts, Logistics management and Stock | |
| 3 | Comparison of rent and owned Storehouses, Storage-based Logistics Models, Stock types, The purpose and function of the Stock Management | |
| 4 | Single or Multiple site warehouse selection, ABC analysis of inventory items, Single and Multi-criteria inventory items’ classification | |
| 5 | Storage location selection methods, Factor-Points method, Center of Gravity method, Calculation of Inventory costs | |
| 6 | Storage Processes, basic and support processes, relationship between inventory and capital, Purchases and sales-term effects on the cost of the stock | |
| 7 | Storage areas, Exterior and Interior environment, Independent demand inventory control model for the structure of basic demand, maximum and minimum inventory levels and ordering | |
| 8 | Workforce planning and placement in the Storage systems, Loading/Unloading Techniques, Economic order and production quantities according to the calculations for the methods of determining inventory | |
| 9 | Addressing Systems, ABC Analysis, Goods movements (FIFI, LIFO, e.t.c.), Stocks and factors affecting Safety, Demand quantity and methods for reduction of aberrations in the duration of supply | |
| 10 | Warehouse equipment and containers, Simple Inventory and Pending Orders (Backordering) Inventory control models, Inventory control model based on quantity discount price | |
| 11 | Warehouse Information Systems, dependent demand based Inventory systems and master production schedule and Bill of Materials | |
| 12 | Cost and Performance management in warehouse, Material Requirements Planning (MRP) System | |
| 13 | Warehouse Design, determining net Requirements and Scheduling-matrix method | |
| 14 | Distribution systems, determination of the order quantity in MRP (lot sizing) |
| Resources |
| Excellence in Warehouse Management How to Minimise Costs and Maximise Value By Stuart Emmett · 2015 |
| Warehouse Management The Definitive Guide to Improving Efficiency and Minimizing Costs in the Modern Warehouse By Gwynne Richards · 2021 |
Course Contribution to Program Qualifications
| Course Contribution to Program Qualifications | |||||||
| No | Program Qualification | Contribution Level | |||||
| 1 | 2 | 3 | 4 | 5 | |||
| 1 | Uluslararası lojistik ve tedarik zinciri yönetimi alanında teorik bilgileri tanımlar. | X | |||||
| 2 | Uluslararası lojistik ve tedarik zinciri yönetimi alanında gerekli matematiksel ve istatistiki yöntemleri anlatır. | X | |||||
| 3 | Uluslararası lojistik ve tedarik zinciri yönetimi alanında gerekli en az bir bilgisayar programını kullanır. | ||||||
| 4 | Uluslararası lojistik ve tedarik zinciri yönetimi alanında gerekli olan mesleki yabancı dil yeterliliğini gösterir. | X | |||||
| 5 | Alanına dair projeler hazırlar ve takım çalışmalarını yönetir. | X | |||||
| 6 | Mesleki alanda yaşam boyu öğrenmenin bilinciyle uluslararası lojistik ve tedarik zinciri yönetimi alanında gelişmeleri izleyerek kendini sürekli yenileyip edindiği bilgi ve becerileri eleştirel olarak değerlendirir. | X | |||||
| 7 | Uluslararası lojistik ve tedarik zinciri yönetimi alanında teorik ve uygulamaya yönelik bilgileri kullanır. | X | |||||
| 8 | En az A1 düzeyinde bir yabancı dili kullanarak güncel teknolojileri takip eder, sözlü/yazılı iletişim kurar. | X | |||||
| 9 | Örgüt/kurumsal, iş ve toplumsal etik değerlerini benimser ve kullanır. | X | |||||
| 10 | Topluma hizmet duyarlılığı çerçevesinde, sosyal sorumluluk ilkelerini benimser ve gerektiğinde inisiyatif alır. | X | |||||
| 11 | Disiplinler arası çalışmalar yürütebilmek için farklı disiplinlerde temel bilgileri ve verileri analiz ederek alanında kullanır. | X | |||||
| 12 | Uluslararası lojistik ve tedarik zinciri yönetimi sektörlerindeki sorunlar karşısında hem mikro hem makro çerçevede uygun öneriler sunar. | X | |||||
Assessment Methods
| Contribution Level | Absolute Evaluation | |
| Rate of Midterm Exam to Success | 40 | |
| Rate of Final Exam to Success | 60 | |
| Total | 100 | |