International Cooperation and Mobility
Department of Transport Logistics
Study level: BSc
Course code: 172545
Available in 2020/21: Yes
The course is divided into three main parts. Part I covers introduction to inventory management with fundamental inventory division and review of the characteristics of each inventory class. Part II covers determination and calculation of the value of inventory, inventory management in distribution chain and its optimization. Real life examples for inventory optimization taken from automotive industry are covered in this part. Part III encompasses control of inventory quantity, designing the system of acquiring materials, control of the assets, the application of inventory classification (ABC and XYZ) methods in managing stocks of goods – management by exception, purchase and distribution logistics as part of the transport logistics of inventory management, safety stock, Pareto diagram, and economic quantity order.