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MKX9640 - Managing supply chain inventory

6 points, SCA Band 3, 0.125 EFTSL

Postgraduate Faculty of Business and Economics

Offered

Caulfield Trimester 3 2009 (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

Within semester assessment: 60%
Examination (2 hours): 40%

Contact hours

3 hours class contact or equivalent per week

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