TRLG 2033 - Inventory Management

Description
This course explores the industrial purchasing cycle for materials acquisition and management. Students will review inventory control concepts, models for dependent and independent demand inventory systems, material requirements planning systems, distribution requirements, planning techniques, and classical reorder point inventory models. Recent developments in supplier qualifications, appraisals, source selection, buying practices, value analysis, policies, and international purchasing will also be discussed.

Pre-Requisite
Completion of MATH 0013 or a higher-level mathematics course and TRLG 1013 with a grade greater than or equal to C, and enrollment in TRLG 1013. Note: This course must be taken in the same academic period as TRLG 1013.

Co-Requisite
TRLG 2013

3 Credit Hour(s)

Contact Hours
45 lecture hours

3 Faculty Load Hour(s)

Semesters Offered
Fall

ACTS Equivalent
N/A

Grade Mode
A-F

Learning Outcomes
Students completing this course will:

Apply the basic time series forecasting methods (e.g., moving averages, exponential smoothing, and seasonal methods).
Evaluate which time series forecasting methods are appropriate depending on the different components present in the data.
Evaluate the gradual delivery EOQ model and be able to apply the optimal order quantity.
Define the steps involved in developing a time series forecast.
Differentiate between Continuous Review (Q) Systems and Periodic Review (P) Systems.
Describe the basic types of forecasting techniques.
Explain the changes in the demand rates, ordering/setup costs, product price (or costs) and holding costs affects the EOQ.
Create a time series forecast using multiple regression model.

General Education Outcomes Supported
N/A

Standard Practices
Topics list

Demand forecasting
Time series forecasting
Relational forecasting techniques
Economic order quantity
Continuous review system
Periodic review systems

Learning activities

Lectures, discussion boards and videos.
This course requires additional work that may need to be completed out of class or in a virtual or on-campus lab.

Assessments

Discussions
Assignments
Exams
Quizzes

Grading guidelines

A = 90-100
B = 80-89
C = 70-79
D = 60-69
F = 59 or below