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Inventory Management Syllabus

This document contains the topics covered in Inventory Management Subject allotted by University of Madras for MBA Second semester based on CBCS system

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3K views1 page

Inventory Management Syllabus

This document contains the topics covered in Inventory Management Subject allotted by University of Madras for MBA Second semester based on CBCS system

Uploaded by

pearlinwhite
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Madras University MBA Syllabus

Second semester
BUSE232 INVENTORY AND WAREHOUSING MANAGEMENT
Unit – I
Introduction to Inventory – Definition, principles, role, functions and importance of
Inventory, Types of Inventory, Inventory Policy, Costs Associated with Inventory, Inventory
and Profitability, Impact of Inventory on total logical cost – Inventory management –
objectives / importance, symptoms of poor inventory management, Improving effectiveness
of inventory management.
Unit – II
Inventory Control and models – Importance and scope of Inventory control, Selective
Inventory control, Inventory Models – Economic Lot size, EOQ, Economic Batch Quantity
[EBQ], ROL – reorder level, P model, Q model, two bin system, fair share allocation model,
MRP, ABC analysis, Just in Time (JIT). Modern methods Kanban, DRP and ERP.
Unit – III
Inventory Methods – Inventory ranking methods and Quadrant technique, FIFO. LIFC,
Weighted average method, Inventory under certainly and uncertainly, Risk Management,
Work in progress inventories, Finished Goods Inventories, Spare parts inventories, Use of
Computers in Inventory Management – RFID, EDI, Satellite tracking system.
Unit – IV
Warehouse Management – Definition, Principles, Roles, Importance of Warehouses, Need
for Warehousing, Warehouse selection and planning, functions and operations of a
warehouse, Warehouse location, Area of Warehouse, Factors affecting warehousing cost,
Warehouse layout, Design principles.
Unit – V
Plannning – codification and standardisation of the Materials, Incoming Materials
Receipts, Retrieval and Transaction Processing System, Security and Loss Prevention,
Consumption Based Planning – MRP and lot sixing procedure, Forecasting parameter and
result, planned order planning file consolidation, Breakbulk, Crossdocking, Mixing,
Assembly – competitive advantage, production support warehouse – ERP, Role of IT in
warehousing.

Reference Books
1. Tony wild – Best Practice in Inventory Management – John wiley and sons
2. Hadley G and Whitin T. M. : Analysis of Inventory systems, Prentice Hall
3. Naddor E, Inventory system, John Wiley
4. Buchan, J and Konigsberg E : Scientific inventory Management, Prentice Hall
5. Silver E and Peterson. R : Decision System for Inventory Management and Production,
Wiley
6. Inventory Management Explained : A focus on Forecasting, lot sizing, safety stock, and
ordering systems, OPS publishing

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