TRLG2033 — Inventory Management
TRLG 2033 - Inventory Management TRLG 2033 - Inventory Management Description This course explores the industrial purchasing cycle for materials acquisition and management. Students will review inventory control concepts, models for dependent and independent demand inventory systems, material requirements planning systems, distribution requirements, planning techniques, and classical reorder point inventory models. Recent developments in supplier qualifications, appraisals, source selection, buying practices, value analysis, policies, and international purchasing will also be discussed. Note: This course must be taken in the same academic period as TRLG 1013 . g., moving averages, exponential smoothing, and seasonal methods). Evaluate which time series forecasting methods are appropriate depending on the different components present in the data. Evaluate the gradual delivery EOQ model and be able to apply the optimal order quantity. Define the steps involved in developing a time series forecast. Differentiate between Continuous Review (Q) Systems and Periodic Review (P) Systems. Describe the basic types of forecasting techniques. Explain the changes in the demand rates, ordering/setup costs, product price (or costs) and holding costs affects the EOQ. Create a time series forecast using multiple regression model. General Education
Prerequisites: MATH0013, TRLG1013