|APIC16||Pittman, P. et al., APICS Dictionary, 15th Edition, APICS, Chicago, IL, 2016|
|Bern99||Bernard, P., “Integrated Inventory Management,” John Wiley & Sons, New York, 1999|
|Brow67||Brown, R.G., “Decision Rules for Inventory Management,” Holt, Rinehart and Winston, New York, 1967|
|Cole00||Coleman, B.J., “Determining the Correct Service Level Target,” Production and Inventory Management Journal, 41(1) 2000, pp. 19–23|
|Chap06||Chapman, S., “The Fundamentals of Production Planning and Control,” Pearson Education, Upper Saddle River, NJ, 2006|
|Eilo62||Eilon, S., “Industrial Engineering Tables,” Van Nostrand, London, 1962|
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Course sections and their intended learning outcomes
Intended learning outcomes: Describe usage statistics, analyses, and classifications. Explain in detail the order point technique. Disclose how to calculate safety stock. Differentiate various batch or lot sizing techniques.
Intended learning outcomes: Present characteristic features of stores management. Produce an overview on inventory transactions. Describe physical inventory and inventory valuation.
Intended learning outcomes: Present statistics on inventory transactions, sales, and bid activities. Explain the ABC Classification and the Pareto Chart. Describe the XYZ Classification and Other Analyses and Statistics.
Intended learning outcomes: Explain the order point technique and variants thereof. Describe the safety stock calculation with continuous demand. Disclose the determination of the service level and the relation of service level to fill rate.
Intended learning outcomes: Produce an overview on production or procurement costs, batch-size-dependent unit costs, setup and ordering costs, and carrying cost. Explain optimum batch size, optimum length of order cycle, the classic economic order quantity formally and in practical application. Disclose extensions of the batch size formula.
Intended learning outcomes: Calculate examples for the ABC Classification and for the combined ABC-XYZ classification. Differentiate between Safety Stock Variation and Demand Variation. Determine batch size depending on stockout costs. Assess the effectiveness of the order point technique.