Courses – Fakultet tehničkih nauka u Novom Sadu

Subject: Planning and inventory management (17.IM2619)

Native organizations units: Department of Industrial Engineering and Engineering Management, Chair of Quality, Effectiveness and Logistics

Type of studies	Title

General information:

Category	Professional-applicative
Scientific or art field	Quality, Effectiveness and Logistics
Interdisciplinary	No
ECTS	4

Educational goal:

The subject introduces students to the basics underlying stock plans, especially stocks of raw materials, finished goods and spare parts for its own products and service to maintain our own production equipment. In addition to stock plans, students will be presented methods of inventory management and warehouse management as well.

Educational outcome:

After completing courses and passing the exam, students will be able to develop plans need to stock raw materials, spare parts to service own products and spare parts for the maintenance of their own production equipment. In addition to this, students will be able to manage inventory and the synchronization of the current situation and condition of inventories in the plan. During inventory management, students will be able to identify storage costs for each item, as well as storage in general. Also, students will be trained in identifying losses in storage and inventory management, implementing kaizen activities with the objective of eliminating the identified losses.

Course content:

Inventories as a strategic advantage or disadvantage, inventory cost, inventory management model, JIT, lean manufacturing and supply, the necessary data for inventory management, inventory planning. Identifying losses on inventory management (7 +1 Toyota losses) and kaizen activities to eliminate them and for improvement.

Teaching methods:

Lectures, exercises, consultations. The exam is written.

Literature:

Authors	Title	Year	Publisher	Language
Joseph L. Aiello	Rightsizing Inventory	2008	Auerbach Publications	English
Craig, C. Sherbrooke	Optimal inventory modeling of systems	2004	Kluwer Academic Publishing	English
Sven Axsater	Inventory Control	2006	Springer	English
Tony Wild	Best Practice in Inventory Management	1997	John Wiley & Sons, Inc.	English
Mercado, Ed C.,	Hands-on inventory management	2008	Auerbach Publications	English