| Module Title: | Inventory and Materials Management |
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| Language of Instruction: | English |
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| Teaching & Learning Strategies: |
Lectures - communication of knowledge and ideas from the lecturer to the student.
Problem Solving Exercises - student will work as part of a team and will work together to resolve various legal scenarios.
Class Discussion/Debate - Students will be encouraged to actively participate in the class sessions which will develop their analytical and communication skills.
E-Learning - It is envisaged that the module will be supported with on-line learning materials.
Self-Direct Independent Learning - the emphasis on independent learning will develop a strong and autonomous work and learning practices.
Site Visits and Visiting Lectures |
| Module Aim: |
The module aims to provide the student with the ability to use inventory management tools across a wide range of industry sectors and a comprehensive understanding of Materials Management. |
| Learning Outcomes |
| On successful completion of this module the learner should be able to: |
| LO1 |
Explain the operation and location of stores and warehouses, and examine their role, and the role of inventory in supply chains. |
| LO2 |
Select and apply appropriate inventory and materials management tools and techniques in a manufacturing and distribution environment. |
| LO3 |
Distinguish between the planning and execution of job-shop, batch manufacturing, mass production and JIT operations, and explain the role of inventory management in each. |
| Pre-requisite learning |
Module Recommendations
This is prior learning (or a practical skill) that is recommended before enrolment in this module.
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| No recommendations listed |
Incompatible Modules
These are modules which have learning outcomes that are too similar to the learning outcomes of this module. |
| No incompatible modules listed |
Co-requisite Modules
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| No Co-requisite modules listed |
Requirements
This is prior learning (or a practical skill) that is mandatory before enrolment in this module is allowed. |
| No requirements listed |
Module Content & Assessment
| Indicative Content |
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Introduction to Inventory Management
The role of inventory; Classification of Inventory, Stock recording, Stock-taking, ABC analysis of stocks;
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Retail Buying and Merchandising
ECR and continuous replenishment, Quick Response Logistics, Central Distribution, Merchandise Budget Planning,
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Warehouse Management
Warehouse Operations, Warehouse Management Systems and Technology, Warehouse Location decisions, Distribution Channel Design,
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Inventory Management
Inventory Holding costs, Inventory Risks, Periodic Review, Orderpoint Systems, EOQ, DRP, Demand Amplification (bullwhip),
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Manufacturing Planning and Control
Production Planning, Master Production Schedule, MRP, Shop floor scheduling and Capacity Planning, MRPII, Technology and ERP
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Just-in-Time
Evolution of Manufacturing, Origins of JIT, Elements of JIT, Kanban systems, Lean Manufacturing, Lean Supply Chains
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| Assessment Breakdown | % |
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| Continuous Assessment | 100.00% |
| Continuous Assessment |
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| Assessment Type |
Assessment Description |
Outcome addressed |
% of total |
Assessment Date |
| Essay |
Individual Report |
1 |
40.00 |
Week 6 |
| Short Answer Questions |
Class Test |
2,3 |
30.00 |
Week 10 |
| Presentation |
Presentation |
1,2,3 |
30.00 |
Week 12 |
| No End of Module Formal Examination |
SETU Carlow Campus reserves the right to alter the nature and timings of assessment
Module Workload
| Workload: Full Time |
| Workload Type |
Frequency |
Average Weekly Learner Workload |
| Lecture |
Every Week |
3.00 |
| Independent Learning Time |
15 Weeks per Stage |
5.93 |
| Total Hours |
92.00 |
| Workload: Part Time |
| Workload Type |
Frequency |
Average Weekly Learner Workload |
| Lecture |
Every Week |
1.50 |
| Independent Learning Time |
15 Weeks per Stage |
7.13 |
| Total Hours |
108.50 |
Module Delivered In
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