Study Guide

Objective

The student learns how to organize materials management in a company. The student will also get to know how to manage inventories and control the inventory related costs. The student will know which replenishment methods should be applied in different environments. He/she will learn how to calculate the inventory related costs and replenishment parameters.

Content

- Warehousing
- Advanced technologies both in warehouse material and information flow management
- Inventory related costs

- Different stocks and significance of those for customer service

- Material management and replenishment methods in different environments

- VMI concept

Materials

1.Arnold, Chapman, Clive: Textbook: Introduction to Materials Management, Chapter: Inroduction to Materials Management
2. Arjan J. van Weele: TextBook: Purchasing and supply chain Management: Chapter 1-4 (Section 1, pages 1-87)
3. Arnold, Chapman, Clive: Introduction to Materials Management, Chapter: Material Requirements Planning
4. Arnold, Chapman, Clive: Introduction to Materials Management, Chapter: Forecasting
5. Arnold, Chapman, Clive: Introduction to Materials Management, Chapter: Inventory Fundamentals
6.Arnold, Chapman, Clive: Introduction to Materials Management, Chapter: Independent Demand Ordering Systems

Teaching methods

6 Individual Assignments

Module Group Assignment
Course Exam

Exam schedules

Course Exam 4.12.23 at 8.15-11.00 ICT-CITY B-1032

Re-Exam date 14.12 at 9.00-11.00 ICT-CITY B-1038

Completion alternatives

-

Student workload

5 student point

Content scheduling

The student learns how to organize materials management in a company.
The student will also get to know how to manage inventories and control the inventory related costs.
The student will know which replenishment methods should be applied in different environments.
He/she will learn how to calculate the inventory related costs and replenishment parameters.
 Warehousing- Advanced technologies both in warehouse material and information flow management- Inventory related costs- Different stocks and significance of those for customer service- Material management and replenishment methods in different environments- VMI concept

Further information

paula.kullanmaki@turkuamk.fi

Evaluation scale

H-5

Assessment criteria, fail (0)

Fail:
Exam 0
Assignment result: 0

Text does not have required elements, and text is not written in right order.
Most of the answers are short or missing. No Article / Thesis example. No own example, comments or ideas.
Sources not mention in the text and/or end of each Assignment. Assignment Plagiarism check result in NOT OK

Assessment criteria, satisfactory (1-2)

Exam 1-2
Assignment result :1
Text contains only very few of required elements, and text is not written in right order.
Answers are mostly short. No Article / Thesis example. No own example, comments or ideas.
All sources mention in the text and end of each Assignmen. Assignment Plagiarism check result in OK.
Assignment result :2:
Text does not contain all of required elements, and text is not written in right order. Some of answers are short. No own example or comments
Article or Thesis example is having some relative information. Part 2: Student have short text on summary. All sources mention in the text and end of each Assignment. Assignment. Plagiarism check result in OK.

Assessment criteria, good (3-4)

Exam 3-4
Assignment result :3
The Assignment contains most of the required things, in student's own words. Some own examples and comments. The English written article or thesis is a good example. Part 2: students' text in is containing good idea, but some accuracy is missing. All sources mentioned in the text and at the end of the assignment. Assignment. Plagiarism check result in OK.

Assessment criteria, excellent (5)

Exam 5
Assignment 4-5
Report is creativelly written, in students own words. Text is clearly explained and highly organized. Text is easy to read. Student have several exellent examples, good aspects and major development ideas, and those are explain clearly own words. Selected English written Article or Thesis text is exellent example for this task and students text of it is written accurately and insightfully. Student have lot of own comments and several development ideas about Article or Thesis example and those are clearly explain excellent ways. All sources mention in the text and end of each Assignment. Plagiarism check result in OK.