Courses – Fakultet tehničkih nauka u Novom Sadu

Subject: Selected chapters on inventory management (17.DSSL2)

Native organizations units: Department of Traffic Engineering

Type of studies	Title
Doctoral Academic Studies	Traffic Engineering (Year: 2, Semester: Winter)

General information:

Category	Scientific-professional
Scientific or art field	Logistics and Intermodal Transport
ECTS	10

Acquiring knowledge about importance of inventories in company, and also insight about importance of planning and management of inventories, as well as in company and also through entire supply chain.

By the end of the course student will be capable to: define and quantify goals of inventory management; recognize and define the parameters of the resupply policies; quantify relevant inventory performances; evaluate the impact of on the inventories on logistics costs and logistics services; to properly examine alternative approaches to inventory management models.

Importance and types of inventories. Relevant costs of inventories. Economic order quantity. Vagueness of product demand and safety stocks level. Management inventory systems with periodic stock replenishment. Initiatives and programs of joint inventory management in the supply chain: collaborative planning, forecasting, and replenishment (CPFR), vendor-managed inventory (VMI), continuous replenishment programs (CRP), and efficient consumer response (ECR).

Lectures, consultation,project. Knowledge check: oral examination.

Authors	Title	Year	Publisher	Language
Ballou, R.	Business Logistics Management	1985	Prentice Hall, New Jersey	English
David Bloomberg, D., LeMay S., Hanna J.	Logistics	2002	Pearson Education Inc	English