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June 2015 The Hong Kong Polytechnic University Hong Kong Community College Subject Description Form Subject Code CCN2127 Subject Title Introduction to Inventory and Warehousing Management Level 2 Credit Value 3 Medium of English Instruction Pre-requisite / Nil Co-requisite/ Exclusion Objectives The aim of this subject is to provide students with analytical skills that are necessary for the understanding of inventory and warehousing management knowledge and principles. This subject emphasises the importance of the roles and functions of inventory and warehousing operations in logistics and supply chain management. This subject also provides students with the basic knowledge and skills regarding the design and management of warehousing operations. Intended Learning Upon completion of the subject, students will be able to: Outcomes (a) demonstrate the importance of optimum inventory and efficient warehousing management in business. (b) catergorise cargo storage and materials handling systems which provide a good academic and vocational foundation for a career in related fields. (c) identify inventory and warehousing issues in an integrated logistics flow which reflects sound business practices. Subject Synopsis/ Introduction to Inventory and Warehousing Management Indicative Syllabus Importance of inventory management; Types and functions of inventories; Types and functions of warehouse. Materials Handling Materials handling systems and objectives; Types of handling equipment; Selection of the most appropriate equipment in specific situations. Inventory Management Objectives of inventory management; Inventory costs; Economic order quantity (EOQ); Fixed order quantity and fixed order cycle inventory control; Inventory models; Basic inventory management concept and 1 June 2015 practice. Warehousing Operations and Management Objectives of warehousing management; Warehouse layout and design; Physical control and security; Automation and IT systems in warehouse operations and management. Teaching/Learning Lectures will focus on the understanding and explanation of key Methodology concepts and theories of inventory and warehousing management. Group discussions and activities will be arranged to stimulate students’ interests or their awareness of practical implications of some concepts. Occasionally, corporate visits will be arranged to facilitate students’ learning. Tutorials will provide students with the opportunity to deepen their understanding and to explore further the applications of theories taught. The activities in tutorials will normally include student presentations and discussions of problem sets and case studies. Assessment A variety of assessment tools will be used to develop and assess Methods in students’ achievement of the subject intended learning outcomes. Alignment with Intended Learning Specific assessment % Intended subject learning Outcomes methods/tasks weighting outcomes to be assessed a b c Continuous Assessment* 50 Term Test 15 Individual Assignment 15 Group Project 15 In-class Exercises 5 Final Examination 50 Total 100 *Continuous assessment items and/or weighting may be adjusted by the subject team subject to the approval of the College Programme Committee. To pass this subject, students are required to obtain Grade D or above in both the Continuous Assessment and Final Examination. Student Study Class contact: Hours Effort Expected Lecture 26 Tutorial 13 Other student study effort: 2 June 2015 Self-study 52 Continuous Assessment 39 Total student study effort 130 Reading List and Recommended Textbook References Bowersox, D.J., Closs, D.J., Cooper, M.B., & Bowersox, J.C. (2013). th Supply Chain Logistics Management. (4 ed.), McGraw Hill/Irwin. References Arnold, J.R., Chapman, S.N. (2012). The Introduction to Materials th Management. (7 ed.), Prentice-Hall. Coyle, J.J., Jr. Langley, C.J., Novack, R.A, & Gibson, B.J. (2013). th Managing Supply Chains: A Logistics Approach. (9 ed.), McGraw- Hill. Edward, F. (2002). World-Class Warehousing and Material Handling. (International ed.), McGraw-Hill. nd Muller, M. (2011). Essentials of Inventory Management. (2 ed.), American Management Association. Simchi-Levi, D., Kaminsky, P., & Simchi-Levi, E. (2007). Designing and Managing the Supply Chain: Concepts, Strategies and Case rd Studies. (3 ed.), McGraw-Hill. th Stock, J. & Lambert, D. (2001). Strategic Logistics Management. (4 ed.), McGraw-Hill. Further Readings International Journal of Logistics Management International Journal of Physical Distribution and Management Journal of Business Logistics Journal of Purchasing and Supply Management Journal of Supply Chain Management Logistics World (www.logisticsworld.com) Seaview (www.seatransport.org) 3
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