Course detail
Supply Management
FP-BmzPAcad. year: 2018/2019
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 semester project solution, case study solution, selected topics solution in seminars/lectures, excursions or external lectures attending and written exam. Scoring of each component is following: semester projects solution (maximum 30 points/project); semester project defence (maximum 10 points); case study solution (maximum 10 points/case study); selected topics solution in seminars/lectures (maximum 5 points); attending additional activities maximum 2 (additional activities will be included during the semester, additional acitivites are expecially external lectures or excursion 5 points/lecture or excursion, which can be used for obtaining additional points to pass minimum points requirements.); written exam (maximum 50 points).
Chosen topic of semester project should be sent via e-learning by the end of 2nd week of the semester. Students team have to hand over a written semestral project solution via e-learning by the end of 6th week of the semester in the form "teamleadersurname.docx" (or "teamleadersurname.doc"). Semester project(s) evaluation is based on weight of following factors i. e. scope and difficulty (20 %); selected solution approach, quality and content (40 %); formal form, graphic form, correct references usage inc. compliance with the requried scope (20 %) and critical perspective and thinking (20 %). On the other side late project submission is penalized by -20 %. Final semestral project defence is planned for two last weeks of semester. The semester project defence evaluate both practical knowledge (40 %) of solved problem (40 %) and knowledge of theoretical background (20 %). Whole team is evaluated.
Case study evaluation is based on weight of following factors i. e. theoretical knowledge and understanding (40 %); solution approach and quality (40 %); formal and graphic form, (20 %). On the other side late case study submission is penalized by -20 %.
Conditions for awarding the course – unit credit: fulfilling the assignments and submitting solution(s) in required time, content and form including presentation of results. Course-unit credit is given under successful fulfilling the conditions of min. 25 points. At least 15 points have to be from semester project(s) solution and case studie solution has to be evaluated also 5 points.
The exam has a written form. The written form of exam contains example and tests student's ability to understand of knowledge of inventory management. The written exam contains also set of open and close questions, which focus on practical understanding and application of inventory management.
The total classification is based on Consolidated versionof the study and examination rules of BUT, Article 14 Grading scale: Grade A (excellent) 100 to 90 points; B (very good) 89 to 80 points; C (good) 79 to 70 points; D (satifactory) 69 to 60 points; E (sufficient) 59 to 50 points; F (failed) 49 to 0 points.
The course assessment is based on semester project solution, case study solution, selected topics solution in seminars/lectures, excursions or external lectures attending and written exam. Scoring of each component is following: semester projects solution (maximum 30 points/project); semester project defence (maximum 10 points); case study solution (maximum 10 points/case study); selected topics solution in seminars/lectures (maximum 5 points); attending additional activities maximum 2 (additional activities will be included during the semester, additional acitivites are expecially external lectures or excursion 5 points/lecture or excursion, which can be used for obtaining additional points to pass minimum points requirements.); written exam (maximum 50 points).
Chosen topic of semester project should be sent via e-learning by the end of 2nd week of the semester. Students team have to hand over a written semestral project solution via e-learning by the end of 6th week of the semester in the form "teamleadersurname.docx" (or "teamleadersurname.doc"). Semester project(s) evaluation is based on weight of following factors i. e. scope and difficulty (20 %); selected solution approach, quality and content (40 %); formal form, graphic form, correct references usage inc. compliance with the requried scope (20 %) and critical perspective and thinking (20 %). On the other side late project submission is penalized by -20 %. Final semestral project defence is planned for two last weeks of semester. The semester project defence evaluate both practical knowledge (40 %) of solved problem (40 %) and knowledge of theoretical background (20 %). Whole team is evaluated.
Case study evaluation is based on weight of following factors i. e. theoretical knowledge and understanding (40 %); solution approach and quality (40 %); formal and graphic form, (20 %). On the other side late case study submission is penalized by -20 %.
Conditions for awarding the course – unit credit: fulfilling the assignments and submitting solution(s) in required time, content and form including presentation of results. Course-unit credit is given under successful fulfilling the conditions of min. 25 points. At least 15 points have to be from semester project(s) solution and case studie solution has to be evaluated also 5 points.
The exam has a written form. The written form of exam contains example and tests student's ability to understand of knowledge of inventory management. The written exam contains also set of open and close questions, which focus on practical understanding and application of inventory management.
The total classification is based on Consolidated versionof the study and examination rules of BUT, Article 14 Grading scale: Grade A (excellent) 100 to 90 points; B (very good) 89 to 80 points; C (good) 79 to 70 points; D (satifactory) 69 to 60 points; E (sufficient) 59 to 50 points; F (failed) 49 to 0 points.
Course curriculum
Warehouse function. Analysis and inventory classification. Inventory prediction. Inventory controlling. Warehouse technology. Package and packing technology. Marking and identification. Automation identification. 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
Attendance on seminars is recommended. Also controlled is a partial solution during the semester.
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)
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