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Fall 2021

Business Logistics Management Courses:

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BLM245 - Introduction to Inventory and Warehouse Management

Credits: 3

Catalog Description: This course focuses on one of the most costly aspects of Supply Chain Management, the storage and management of physical inventories, and explains the fundamental management challenges associated with each. Straight forward quantitative metrics such as order cycle time, turnover, fill rates, and carrying costs are presented. Decision making tools such as the Reorder Point Quantity and Economic Order Quantity (EOQ) are taught to help manage these functions in an efficient manner. Basic and developing technologies, material handling equipment and optimum storage utilization within the warehouse are covered. Upon completion, the student should be able to address the basic problems associated with warehousing and inventory management.

Lecture: 3 hrs.

Course Learning Outcomes (CLOs):
Upon the successful completion of this course, a student will be able to:
1. Explain the responsibilities associated with proper inventory planning and warehouse management
2. Describe the role that inventory and warehouse management plays in customer service
3. Discuss inventory management in terms of economic and supply chain uncertainty (forecasting, planning, seasonal flexibility, etc.).
4. Critique the impact of holding excess inventory (obsolescence, additional space, purchasing discounts, etc.).
5. Calculate and evaluate inventory associated metrics (turnover, carrying costs, fill rates, stock out costs, etc.)
6. Explain the factors associated with managing on-going warehouse operations (safety, ergonomics, staffing, security, efficiency, etc.).
7. Explain alternative material handling and picking systems for various products and warehouse capabilities
8. Evaluate the appropriate application of information systems software and technology.
9. Calculate solutions to basic inventory and warehouse problems
10. Prescribe solutions to inventory management using the "Economic Order Quantity" and related management tools.


Effective Term: Spring 2020