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Inventory and Warehouse Management

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23 views3 pages

Inventory and Warehouse Management

Uploaded by

mahbuba19rahman
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Inventory and Warehouse Management

Course Description:

This course provides an in-depth understanding of the principles, strategies, and techniques used
in inventory and warehouse management. Students will explore how inventory levels, storage,
and distribution operations impact supply chain efficiency and customer satisfaction. The course
also addresses the role of technology in inventory and warehouse management and introduces
best practices in warehouse design, inventory control, and safety standards.

Course Contents:

Introduction to Inventory and Warehouse Management: Overview of inventory and


warehouse management, Importance in the supply chain, Role of inventory and warehouses in
customer satisfaction and cost control

Types and Functions of Inventory: Different types of inventory: raw materials, work-in-
progress, finished goods, MRO (maintenance, repair, operations), Functions of inventory:
decoupling, safety stock, cycle stock, Inventory classification: ABC, VED, and FSN analysis

Inventory Control Techniques: Economic Order Quantity (EOQ), Just-in-Time (JIT) inventory
management, Inventory replenishment models: continuous review and periodic review, Safety
stock calculation and reorder point systems

Warehouse Operations: Key warehouse functions: receiving, storage, picking, and shipping,
Types of warehouses: private, public, bonded, and distribution centers, Warehouse layout and
design principles, Warehouse automation and the role of technology

Warehouse Management Systems (WMS):Importance of WMS in modern warehouse


management, Key features of a Warehouse Management System, Integration of WMS with ERP
and other supply chain systems, Real-time tracking, RFID, and barcode systems

Inventory Management Metrics and Performance Evaluation: Key performance indicators


(KPIs) for inventory and warehouse management, Inventory turnover ratio, fill rate, carrying
cost, and stockout rate, Warehouse performance metrics: picking accuracy, order lead time,
space utilization, Benchmarking and continuous improvement in warehouse operations

Storage Systems and Material Handling: Different storage systems: pallet racking, shelving,
automated storage, and retrieval systems (ASRS), Material handling equipment: forklifts,
conveyor belts, and automated guided vehicles (AGVs), Safety and efficiency in material
handling, Strategies for effective space utilization in warehouses

Inventory and Warehouse Security: Security challenges in warehouses, Risk assessment and
mitigation strategies, Safeguarding against theft, pilferage, and inventory discrepancies,
Implementing safety standards and compliance with legal regulations
Inventory Audits and Cycle Counting: Importance of inventory audits and control procedures,
Cycle counting techniques and best practices, Handling inventory discrepancies, Role of
technology in auditing and inventory accuracy

Sustainability and Green Warehouse Practices: Environmental impact of warehouse and


inventory operations, Green logistics and sustainable warehouse practices, Reducing energy
consumption and carbon footprint in warehouse operations, Waste reduction and recycling
initiatives

Global Trends and Future of Inventory and Warehouse Management: E-commerce and its
impact on inventory and warehouse management, Trends in warehouse automation and robotics,
Role of artificial intelligence and machine learning in inventory management, Future challenges
and innovations in warehouse operations

Mapping of Course Learning Outcomes to Program Learning Outcomes:


CLO PLO1 PLO2 PLO3 PLO4 PLO5 PLO6
CLO1

CLO2

CLO3

CLO4

CLO5
CLO6

Mapping Course Learning Outcomes (CLOs) with the Teaching-Learning & Assessment
Strategy
CLOs Teaching-Learning Assessment Strategy
Strategy
CLO1: Understand the fundamental concepts of Think-Pair-Share (TPS), Class Performance, Class
inventory and warehouse management. Lecture, Interactive Test, Midterm and Final
discussion Examinations.
CLO2: Apply inventory management Think-Pair-Share (TPS), Class Performance,
techniques to optimize stock levels and reduce Lecture, Assignment Assignment, Midterm and
costs. Final Examinations
CLO3: Analyze warehouse operations, design, Lecture, Presentation. Class Performance,
and performance metrics. Presentation, Midterm and
Final Examinations
CLO4: Assess the role of technology and Think-Pair-Share (TPS), Class Performance,
automation in managing inventories and Lecture, group Assignment, Midterm and
warehouses. assignment. Final Examinations
CLO5: Implement safety, security, and Think-Pair-Share (TPS), Class Performance, Class
compliance standards in warehouse Lecture, Interactive Test, Midterm and Final
management. discussion Examinations.
CLO6: Manage supply chain activities related Lecture, Group Class Performance, Class
to inventory and warehouse operations discussion, presentation Test, Midterm and Final
efficiently. Examinations.

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