Presentation & Assignment.pdf

8/16/2019 Presentation & Assignment.pdf

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GENER,AL

'Course

Title

Course

Course

Course

ID

Pre-requisite

Schedule

DEPARTMENT

OF

MANAGEMENT

SCIENCES

UNIVERSITY

OF

BAHRIA

INFORMATION

Inventory

Management

OPM-600:

MBA

weekend

Semester:

Year:

Sunday

3:00

to 6:00

pm

INSTITUCTOR'

s

INFORMATION

Name

Phone

shoaib.ishtiaq

@,liotmail.

com

300

2454324

M

Office Address

Consultation

Timing

f)enartment

of

Manasem

ent Sciences

4

pm

to

4:30

pm

/

any time

with

prior

coordination

/ intimatron

UNIVERSITY

POLICY OF

FAIRNESS

Bahria University

follows strict

policy

of fairness

in

examinations,

assignments,

other

academic

activities

and

conduet.

The University

appreciates decent

behavior,

acceptabie

moral norms

and

respectful

display

of afiitude

towards others

in

the campus.

Details

of

expected behavior

and

conduct are

covered

in

students' handbook

which is

available

on

university

website. It also

covers

in

detail

plagiarism and

its

consequent

disadvantages

to the students

as

per

FIEC

policies

/

rules.

COURSE

DESCRIPTION

The

competitive

pressures

are

increasingly becorning

high not

just

within

the boundaries

of

individual

organisations

but

in

a

multiple-companies

environment

where an

integrated network

of cornpanies

or a

network

of

business

entities

are involved in the value-addition

of

a single

end

product

(from

the source

of

raw

materials to

the

end customers).

This course

will

provide the insights on

managing

the flow of

materials, flow of

information

and

flow of

cash

efficiently

and

effectively

in a

multiple-compairies

environment. The elements

of

supply-chains

such as,

capacity

management,

inventory

managemeut

and

procurement management

which

have

been already

studied before

in courses

such as

rnarketing

and

operations management

will be discussed

to

integrate

the

elements

and

perspectives

to

develop

a broad

understanding

of how

to malage

an

Inventory.


3/9

COURSE

OBJECTIVE

Upon

completing

this

course,

students

should

be

able

to:

.

understand

the

strategic

role

of

Inventory

Management

in

creating

and

enhancing

a

firm's

comPetitive

advantages'

c

understand

key

concepts

and

issues

of

Inventory

Management

in

both

manufacturing

and

service

organizations.

r

understand

the

interdependence

of

the

operations

function

with

the

other

key

functional

areas

of

a

firm.

r

Apply

analytical

skilts

and

problem-solving

tools

to

the

analysis

of

the

lnventory

problems'

LEARNING

OUTCOMES

Article:

The

Seven

PrinciPle

of

Supply

Chain

Management

Upon

completion of

the

course

the

student

will

be

able

to

perform

the

following

tasks:

-

Understand

key

concepts

of

supply

chain

management/Inventory

Management

and

will

be

abletoanalyseandresolveissuesariseduringthecourse.

-

Develop

uno

i*ii.m.nt

witu*s

of

cotlanorution

and

coordination

for

efficiently

managing

a

companY's

Inventory

Management'

-

Identify

anO

moniioi

g,.

r..V

performance

measures

important

to

a

inve.ntory

Management

and

improve

them

accordini

do

the

challenges

of

the

global business

environment'

WtrtrK

WISE

COURSE

DISTRIBUTION

Activities

Topics

nderstanding

the

SuPPIY

Chain

.

What

Is

a SuPPIY

Chain?

.

The

Objective

of

a SuPPIY

Chain

.

The

Importance

of

Supply

Chain

Decisions

.

Decision

Phases

in

a

SuPPIY

Chain

.

Process

View

of

a

SuPPIY

Chain

.

Examples

of

SuPPIY

Chains

Articl.'

Fast,

Global,

and

Entrepreneurial:

SuPPlY

Chain

Management

llong

Kong

StYle

G;fi"g

t"d

Managing

Supplier

Relationships

o

Introduction

.

Developing

SupplierRelationships

+

Building

Trust

+

Shared

Vision

and

Objectives

+

PersonalRelationshiPs


4/9

-,

Mutual

Benefits

andNeeds

+

Commitment

and

Top

Management

Support

+

Commitment

and

Top

Management

Support

'

+

Change

Management

I

Information

Sharing

and

Lines

of

Communication

1

Capabilities

+

Performance

Metrics

+

Continuous

ImProvement

.

Supplier

Evaluation

and

Certification

Case

StudY:

WalMart

a

J

Creating

and

Managing

Supplier

Relationshtps

Supply

Chain

Drivers

and

Metrics

Supplier

DeveloPment

Supplier

Reco

gnition

Programs

Srrpplier

Relationship

Management

Drivers

of

Supply

Chain Performance

Framework

for

Structuring

Drivers

Facilities

Inventory

Transportation

Information

Sourcing

Pricing

t.tlrcfanlcc tn Achievins Fit

4

irorccasting

*

Demand

forecasting

concepts

Demand

forecasting

concepts

"

Ilullwhip

Effect

r

Wlrat

is the

bullwhiP

effect?

+

What

contributes

to

the

bullwhip

effect?

Example

of

the

bullwhiP

effect

l'rinciples

of

forecasting

(lomponents

of

Demand

+

Trend

ComPonent

+

Seasonal

ComPonent

+

Cyclical

ComPonent

-

'

Random

ComPonent

1::orecasting

APProaches

+

Qualitative

Methods

+

Quantitative

Methods

Quantitative

Methods

+

jury

of

Executive

OPinion

1

Sales Force

ComPosite

Video:

lmportance

of

QualitY

in

Operations

Case

Study:

lmproving QualitY

Ma

nagement

of

W

ComPanY's

New

Product

DeveloPment

Project

Reading:

www.

sci

r

P.

o

rg/i

o

u

r n o

l/ P

o

Pe

r D

ow

n

I oa

d.

a sPx?

P

a

Pe

rl

D= 3

5 3

7


5/9

DelphiMethod

q

i-lonsumer

Market

Survev

Quantitative

Methods

+

Time

Series

Forecasting

Naive'Approach

*

Moving

Average

Method

"

Plterllul

Problems

With

Moving

Avemge

,:orecasting

& Production

&

Flanning

System

,:

rce esting

Iixponential

Smoothing

Il.

:ronential

Smoothing

with

Trend Adjustment

l

,::isonal

Variations

;',.

s

sociative Forecasting

Sltarrdard

Error

of the Estimate

'

r'oil

uction

Planning

System

,; t'oduction

r

I :

r

n

ufacturing

Planning

and

Control

System

l

:rles

and

Operations

Planning

i'

I

anufacturing

Resource

Planning

i,lal


6/9

Si

e

J

(

"/Mrtttpt"S"r*ing,

Cross

Sourcing,

and

Dual

:ing

lier Evaluation

,

Weightedfoint

Evaluation

System

I

Oecisions

and

Inventory

Management:

Decisions

1s

in

SupplY

Management

,ly

Base

Reduction

:rl

Sourcing

v wlanaeemen

ll

Company

Profile:,Amazon'Com

:tof/

Lions

of

Inventory

'i'pes

of

Inventory

iory

Management

.ilC Analysis

ccord

AccuracY

ycle

Counting

'ontrol

of

Seryice

Inventories

tory

Models

,'.lependent

Versus

Dependent

Demand

,

,lding,

Ordering,

and

SetuP

Costs

'lsic

EOQ

Model

ri'rimizins Costs

Article:

PROCIJREM ENT:

The

Missing

Link

in

lnnovation

.,

Muoug*ment

And

Logistics:

'Management

ier

Points

;

'tion

Order

QuantitY

Model

,:v

Discount

Models

bilistic

Models

and

Safety

Stock

,-Period

(P)

SYstems

lLrction

,rics

in

the

TwentY-First

Century

:

,,-ristics

Is

Critical

t

i

cs

D ecision

A,teas

Transportolion

rlecting

a

TransPortation

Mode

, rltirnodal

Solutions

.Article:

Zara:

Manging

Stores

for

Fast

Fashion

Case

StudY:

Dollar

Tree

Logistics

Practice Questions


7/9

Varehousing

r

n

p

ro

ving Operational

Flexibility

.r-.

r. i

stics

lnformation

Systems

,arerial

Hardling

and

Packaging

rrventory

Management

.tics

Strategy

,

r,n

i

n

g

v€rsus Outsourcing

:,

r

li ng

Logistics

Performance

rrrded

Costs

,\/er"se

Logistics

Systems

;";

Decision Models

ghted

Center

of

Gravity

Method

,

,.'t'iotrt

rts

of

the

Purchasing

Process

,rse

Pequisition

Flow

,

rr,,

Cbjectives

'lv

Continuity

tflg

the

Purchasing

Process

tcurr to

Pay

Systems

'

'',t

:

luppl

Base

Management

',

,

o;t

Sffong

Internal

Relationships

'.'lop

Supply Base

Management

,rt

Gttrils

and

Objectives

'

,11

lret

Intelligence

Jc

i ir;r rr ters

Brfned'by

PoorQiiality

ity

Dc

i-rned

Co,cr

lrtQuality


8/9

ng

Prir

iuction

across

the Supply

Chain

r:r

rr ). I

iller

ter

Se

'cluling

'crial

I

r,trirements

Planning

Irrcl

i,

,,

.\ctivity

Control

and

Vendor

Order

lr rr

,,

:

.i

n

o

Planning

and

Control

across

the

supply

lo

cl

}.JL,,

Lcct ii

rr:r

Lectur',::-:

Assigri

r,r

StLtcllr':r

P

rob lrr

r

i,

discLrssi,

prbsentrii

f

61-151;

,

r

Stttcltrttl,',

rrr

case

study

and

articles/journals.

terrsive

reading

and

come

prepared

for

class discussions

and

presentations.

ror

giving

solutioils.

Students

shall

be distributed

into

groups

for mutuai

i,:

works,

prepare

team

base solution

to

problems

and develop

arguments

for

ESS

E

I\J

Itttrr.'il

F

l,..'rrr

I

r

ll-clr

ri.:

i'

r

'

,Ln

,:''rcl

to

discuss questions

with

the instructor

by email

at

any

time

or make

ar1

I]NCE

MATERIAL

;",1ANAGEMENT

by MAX MULLER

I

rr

aqement

:.1,

clRM

"N

Frequency

Marks

Total

Marks

-n

olill ,'HODOLOGY


9/9

I

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