Offered

Caulfield Trimester 3 2008 (Off-campus block of classes)

Synopsis

Demand forecasting using simple techniques; inventory management; making inventory decisions from accounting data; design of stock counting systems and inventory valuation; assessing vendor performance; value analysis; decision trees in assessing risk; performance assessment of the inventory management and purchasing functions.

Objectives

The learning goals associated with this unit are to:

• discuss the range of techniques available for managing inventories along with their advantages and disadvantages
• explain the integrated nature of procurement, production, distribution and demand and inventory management
• analyse inventory data and suggest appropriate management techniques to effectively manage inventories
• conduct a supply chain review in an organisation.

Assessment

Assignment(s): 60%
Examination (2 hours): 40%

Contact hours

3 hours class contact or equivalent per week