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DEPARTMENT OF MANAGEMENT SCIENCES

UNIVERSITY OF BAHRIA
GENER,AL INFORMATION
'Course Title
Course ID

Inventory Management

OPM-600: MBA weekend

Year:

Semester:

Course Pre-requisite
Course Schedule

Sunday 3:00 to 6:00 pm

INSTITUCTOR' s INFORMATION

Name

Phone

a300 2454324

shoaib.ishtiaq @,liotmail. com

Office Address f)enartment of Manasem ent Sciences

Consultation Timing 4 pm to 4:30 pm / any time with prior coordination / intimatron

UNIVERSITY POLICY OF FAIRNESS

Bahria University follows strict policy of fairness in examinations, assignments, other academic activities
and conduet. The University appreciates decent behavior, acceptabie moral norms and respectful display
of afiitude towards others in the campus. Details of expected behavior and conduct are covered in
students' handbook which is available on university website. It also covers in detail plagiarism and its
consequent disadvantages to the students as per FIEC policies / rules.

COURSE DESCRIPTION
The competitive pressures are increasingly becorning high not just within the boundaries of individual
organisations but in a multiple-companies environment where an integrated network of cornpanies or a
network of business entities are involved in the value-addition of a single end product (from the source of
raw materials to the end customers). This course will provide the insights on managing the flow of
materials, flow of information and flow of cash efficiently and effectively in a multiple-compairies
environment. The elements of supply-chains such as, capacity management, inventory managemeut and
procurement management which have been already studied before in courses such as rnarketing and
operations management will be discussed to integrate the elements and perspectives to develop a broad
understanding of how to malage an Inventory.

COURSE OBJECTIVE
able to:
Upon completing this course, students should be

in creating and enhancing a firm's

understand the strategic role of Inventory Management
comPetitive advantages'
service
Management in both manufacturing and
understand key concepts and issues of Inventory

organizations.
of
function with the other key functional areas
understand the interdependence of the operations

firm.
to the analysis of the lnventory problems'
Apply analytical skilts and problem-solving tools
a

LEARNING OUTCOMES
able to perform the following tasks:
Upon completion of the course the student will be

Management and will be

Understand key concepts of supply chain management/Inventory

abletoanalyseandresolveissuesariseduringthecourse.
coordination for efficiently managing a
Develop uno i*ii.m.nt witu*s of cotlanorution and
companY's Inventory Management'
to a inve.ntory Management
Identify anO moniioi g,. r..V performance measures important
the global business environment'
and improve them accordini do the challenges of

WtrtrK WISE COURSE DISTRIBUTION

Activities

Topics
nderstanding the SuPPIY Chain

.
.
.
.
.
.
o
.

Article: The Seven PrinciPle

of Supply Chain
Management

What Is a SuPPIY Chain?

The Objective of a SuPPIY Chain
The Importance of Supply Chain Decisions

Decision Phases in a SuPPIY Chain

Process View of a SuPPIY Chain
Examples of SuPPIY Chains

G;fi"g t"d Managing

Supplier Relationships

Introduction
Developing SupplierRelationships
Building Trust
Shared Vision and Objectives

+
+
+

PersonalRelationshiPs

Fast, Global, and

Entrepreneurial: SuPPlY Chain

Articl.'

Management llong Kong StYle

Mutual Benefits andNeeds

Commitment and Top Management Support
Commitment and Top Management Support

-, +
+
' + Change Management
I Information Sharing and Lines of Communication
1 Capabilities
+ Performance Metrics
+ Continuous ImProvement
. Supplier Evaluation and Certification
a

Creating and Managing Supplier Relationshtps

Case StudY: WalMart

Supply Chain Drivers and Metrics

Supplier DeveloPment
Supplier Reco gnition Programs
Srrpplier Relationship Management
Drivers of Supply Chain Performance

Framework for Structuring Drivers

Facilities

Inventory
Transportation
Information
Sourcing
Pricing
t.tlrcfanlcc tn Achievins Fit

irorccasting

Demand forecasting concepts Demand forecasting

concepts

"

Ilullwhip Effect

r
+

Wlrat is the bullwhiP effect?

What contributes to the bullwhip effect?
Example of the bullwhiP effect

l'rinciples of forecasting
(lomponents of Demand

+ Trend ComPonent
+ Seasonal ComPonent
+ Cyclical ComPonent
'
- Random ComPonent
1::orecasting APProaches

+
+

Qualitative Methods
Quantitative Methods
Quantitative Methods

+
1

jury of Executive OPinion

Sales Force ComPosite

Video: lmportance of QualitY in

Operations
Case Study:
lmproving QualitY Ma nagement
of W ComPanY's New Product
DeveloPment Project
Reading:

www.
ow

sci r P.

oa d.

rg/i

ou rno

l/ P o Pe r D

sPx? P a Pe rl D= 3 5 3 7

DelphiMethod
q i-lonsumer Market Survev
Quantitative Methods
+ Time Series Forecasting
Naive'Approach
* Moving Average Method
" Plterllul Problems With Moving Avemge
,:orecasting & Production & Flanning System
,:

rce

Practice Questions

esting

Iixponential Smoothing
Il. :ronential Smoothing with Trend Adjustment
l ,::isonal Variations
;',. s

sociative Forecasting

Sltarrdard Error of the Estimate

'

uction Planning System

r'oil

,;
r

t'oduction
: r

ufacturing Planning and Control System

l :rles and Operations Planning

i' I anufacturing Resource Planning
i,lal<ing the Production Plan
r'rlar i : i rl

.!,u

ing Capacity

&

Sourcing Decisions:

Short Case:
Blackberry Hill Farm

.,tttp Capacitv

Reading:
;

,:rnand and Capacity Managemeflt in the Service

,.tor

Operations Ma nagement 7th

Edition xby Slack & Lewis; page

,',

1'proaches to Capacity Expansion

3s4).

r:,:ak-Even Analysis

rr

Liproduct Example

'r'ision Trees and Capaciry Decision

i', r i ategy-Driven Investment

t)rr'
I
'i

"'DeCiSiOnS

,,duction
;,,.:

Sourcing Decision

{dvantages and Disadvantages of Insourcing and

Cutsourcing

'|otai Cost Analysis

i;ing Strategies
I

lio Analysis

Article: An Outsourcing Checklist

Si
e
J

"/Mrtttpt"S"r*ing,

Cross Sourcing, and Dual

:ing
lier Evaluation
, Weightedfoint Evaluation System
I Oecisions and Inventory Management:

Article: PROCIJREM ENT: The

Missing Link in lnnovation

Decisions

in SupplY Management
,ly Base Reduction
1s

:rl Sourcing
v wlanaeemen!

ll

Company Profile:,Amazon'Com

:tof/
Lions of Inventory

'i'pes

of Inventory

iory Management

.ilC Analysis
ccord AccuracY

ycle Counting
'ontrol of Seryice Inventories
tory Models
,'.lependent Versus Dependent Demand
, ,lding, Ordering, and SetuP Costs
'lsic EOQ Model
ri'rimizins Costs
., Muoug*ment And Logistics:

.Article: Zara: Manging Stores

for Fast Fashion

'Management
ier Points
; 'tion Order QuantitY

Model

,:v Discount Models

bilistic Models and Safety Stock
,-Period (P) SYstems
lLrction

,rics in the TwentY-First Century

,,-ristics Is

Critical
Case StudY: Dollar Tree

i cs D ecision A,teas

Transportolion

rlecting a TransPortation Mode

, rltirnodal Solutions

Logistics
Practice Questions

Varehousing
r

n p ro

.r-.

r.

ving Operational Flexibility

stics lnformation Systems

,arerial Hardling and Packaging

rrventory Management

.tics Strategy
,

r,n i n g
:,

vrsus Outsourcing

li ng Logistics Performance

rrrded Costs
,\/er"se

;";

Logistics Systems

Decision Models

ghted Center of Gravity Method

, ,.'t'iotrt
rts of the Purchasing Process
,rse Pequisition
,

Flow

rr,, Cbjectives

'lv Continuity
tflg! the Purchasing Process
tcurr to Pay Systems
' '',t

: luppl!

', , !o;t Sffong

Base Management

Internal Relationships

Supply Base Management

'.'lop
,rt Gttrils and Objectives
'

Jc

ity

,11

ir;r

rr

lret Intelligence

ters Brfned'by PoorQiiality

Dc i-rned

Co,cr

lrtQuality

ng Prir iuction across the Supply Chain

rr

r:r

iller

). I

Se

ter

'crial

r,trirements Planning

Irrcl i, ,,
lr rr ,,

Assigri

o Planning and Control across the supply

rrr case study and articles/journals.

r,r

lo

StLtcllr':r
rob

.i n

ii rr:r

Lectur',::-:

.\ctivity Control and Vendor Order

olill ,'HODOLOGY

}.JL,,

Lcct

'cluling

lrr

terrsive reading and come prepared for class discussions and presentations.

cl

ror giving solutioils. Students shall be distributed into groups for mutuai

i,

discLrssi,

i,: works, prepare team base solution to problems and develop arguments for

prbsentrii

61-151; ,

Stttcltrttl,',

'

,Ln ,:''rcl

to discuss questions with the instructor by email at any time or make

ar1

I]NCE MATERIAL
ESS E I\J

ll-clr

Itttrr.'il

ri.: i'

;",1ANAGEMENT by MAX MULLER

I rr

aqement

-n :.1, clRM
F

l,..'rrr

I r

!"N
Frequency

Marks

Total Marks