Inventory management systems
Not offered until 1998
B Nath
6 Points
* 4 hours per week
* Second semester
* Gippsland,
Distance
* Prerequisite GCO2802
Objectives At the completion of this subject students should be able to describe an inventory, its structure and its functions, understand the planning and control aspects of an inventory, recognise and apply appropriate inventory control models in practical situations, design strategies to achieve required service levels, and apply some of the modern analytical techniques to control inventory.
Synopsis This subject studies the characteristics and role of inventories, general concepts of service levels, and provides an introduction to computer systems in a inventory management context. Topics include simple inventory control models, demand forecasting and market analysis, material requirements planning, just-in-time and in-process inventory, distribution inventory systems, and applications in manufacturing and service industries.
Assessment Assignments: 40%
* Examination (3 hours): 60%
Prescribed texts
Tersine R S Principles of inventory and materials management 4th edn, Prentice-Hall, 1994
Recommended texts
Smith S B Computer-based production and inventory control Prentice-Hall, 1989
Plossl G W Production and inventory control: Principles and techniques 2nd edn, Prentice-Hall, 1985
| Published by Monash University, Clayton, Victoria
3168 Copyright © Monash University 1996 - All Rights Reserved - Caution Authorised by the Academic Registrar December 1996 |