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Summary

The course Inventory Management provides knowledge and develops skills to design and analyse inventory management practises and to apply models in order to improve company performance. Spread sheet modelling skills are essential. Topics that will be discussed are Demand forecasting; Lead time demand distribution, Service levels, and Non-stationary Inventory control.

Learning outcomes

Students are able to: (1) analyse inventory management practices; (2) apply inventory control models; (3) design procedures to improve inventory management in practice; and (4) review recent papers in the field of inventory management.

Number of credit hours per week 6
Course eligibility Optional
Presence of students On-campus
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