AKTU Inventory and Warehouse Management (BMLS304) Syllabus PDF – MBA (Logistics & Supply Chain Management) 3rd Semester
Inventory and Warehouse Management BMLS304
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Syllabus — Inventory and Warehouse Management
Download PDFBMLS304 · 3 credits · L-T-P 3-0-0
Course Objectives
- Understand the principles and practices of inventory management within the context of supply chain and logistics
- Apply knowledge of inventory replenishment systems and models to real-world supply chain scenarios
- Analyze techniques for managing inventory under time-varying and uncertain demand conditions
- Evaluate inventory and warehouse design options to support effective decision-making
- Develop competencies to assess warehouse operations, analyze associated costs, and measure performance outcomes
Unit 1: Inventory Management Frameworks (9 Hours)
Nature and diversity of Stock Keeping Units (SKUs); Role of bounded rationality in inventory decisions; Functional classifications of inventory; ABC classification and its application in inventory models; Phases of inventory management: Analysis, Modelling, Decision-Making, Control, Evaluation; Importance of physical stock counting and audit practices
Unit 2: Replenishment Systems and Inventory Models (9 Hours)
EOQ models and assumptions; Numerical examples on EOQ and sensitivity analysis; Inventory with quantity discounts, inflation adjustments; Pricing strategies: fixed vs variable; Constraints on order sizes: maximum and minimum limits; Time-phased replenishment systems
Unit 3: Fundamentals of Warehouse Management (9 Hours)
Importance and functions of warehousing; Types of warehouses and specialised services;
Warehouse strategy and standard development; Warehouse layout and sizing; Inventory placement and picking strategies; Warehouse automation and sustainability considerations;
Contemporary challenges in warehousing
Unit 4: Warehouse Operations and Processes (6 Hours)
Receiving and put-away operations; Picking strategies and equipment; Replenishment, cycle counting, and return processing; Documentation in warehouse operations; Case studies on process optimisation
Unit 5: Cost and Performance Management in Warehousing (8 Hours)
Types of warehouse costs and ROI analysis; Traditional vs Activity-Based Costing (ABC);
Logistics charging and pricing methods; Performance measures and metrics (traditional and modern); Integrated performance and benchmarking; Use of Balanced Scorecard; Safety and health regulations in warehousing
Course Outcomes
| CO Code | Course Outcome Statement | Bloom’s K-Level |
|---|---|---|
| CO1 | Identify and describe the key elements and frameworks of inventory management. | K1 – Remembering |
| CO2 | Explain replenishment systems and apply EOQ and related inventory models. | K2 – Understanding |
| CO3 | Apply warehouse layout design principles and operational processes to real-life warehousing scenarios. | K3 – Applying |
| CO4 | Analyse warehouse performance using costing and productivity metrics. | K4 – Analysing |
| CO5 | Evaluate warehouse strategies and sustainability challenges for operational effectiveness. | K5 – Evaluating |
Suggested Readings
- Edward A. Silver, Alberta, Canada David F. J. Thomas Penn , Inventory and Production Management in Supply Chains (CRC Press)
- Mamta Malik & Pushpa Rani, Warehouse Management and Inventroy Control, Literature light
- Robert A. Davis, Demand-Driven Inventory Optimization and Replenishment (Wiley- Wiley & SAS Business Series)
- Max Mullar, Essentials of Inventory Management (AMACOM)
- Nicolas Vendaput, Inventory Optimisations- Models and Simulation(De Gruyter)
- Hanqin Zhang, Houmin Yan, and S.Prakash Sethi, Inventory and Supply Chain Management with Forecast Updates (Springer)
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