| School/Faculty/Institute | Faculty of Engineering | ||||
| Course Code | IE 438 | ||||
| Course Title in English | Inventory Management and Control | ||||
| Course Title in Turkish | Envanter Yönetimi ve Kontrol | ||||
| Language of Instruction | EN | ||||
| Type of Course | Flipped Classroom | ||||
| Level of Course | Advanced | ||||
| Semester | Spring | ||||
| Contact Hours per Week |
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| Estimated Student Workload | 148 hours per semester | ||||
| Number of Credits | 6 ECTS | ||||
| Grading Mode | Standard Letter Grade | ||||
| Pre-requisites |
MATH 227 - Probability and Statistics for Engineering I |
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| Expected Prior Knowledge | Prior knowledge of basic concepts of probability is expected | ||||
| Co-requisites | None | ||||
| Registration Restrictions | Undergraduate students | ||||
| Overall Educational Objective | To acquire knowledge on planning material flow in logistics, supply chain or production and distribution systems. | ||||
| Course Description | In this course you will find insightful discussions about the role of inventory in organizations and core concepts of inventory management. This course gives detailed explanations about fundamental inventory control procedures and their usage. The course will also cover recent developments such as supply chain inventory management, and it will be concluded by discussions about implementation and organizational aspects of inventory management. You may use the knowledge of this course in a profession related to planning material flow in logistics, supply chain or production and distribution systems. The aim of this course is to introduce important risk concepts and then to teach quantitative risk analysis and control techniques by engineering, economic, environmental and security aspects and to emphasize their role in decision support systems. | ||||
| Course Description in Turkish | Bu derste, firmalarda envanterin rolü ve envanter yönetiminin temel kavramları hakkında yaratıcı tartışmalar bulacaksınız. Bu ders, temel envanter kontrol prosedürleri ve bunların kullanımı hakkında ayrıntılı bilgi sunar. Ders aynı zamanda tedarik zinciri envanter yönetimi gibi son gelişmeleri de içerecek ve envanter yönetiminin uygulanması ve organizasyonel yönleri hakkında tartışmalar da içermektedir. Bu dersin bilgisini lojistik, tedarik zinciri veya üretim ve dağıtım sistemlerinde malzeme akışının planlanması ile ilgili alanlarda kullanabilirsiniz. |
Course Learning Outcomes and CompetencesUpon successful completion of the course, the learner is expected to be able to:1) understand and explain the inventory management concepts and their relations; 2) develop analytical models that can be used to optimize inventory systems; 3) apply inventory theory to real-life cases. |
| Program Learning Outcomes/Course Learning Outcomes | 1 | 2 | 3 |
|---|---|---|---|
| 1) Thorough knowledge of the major concepts, theoretical perspectives, empirical findings, and historical trends in psychology. | |||
| 2) Understanding of and ability to apply essential research methods in psychology, including research design, data analysis, and data interpretation. | |||
| 3) Competence to use critical and creative thinking, skeptical inquiry and a scientific approach to solving problems related to behavior and mental processes. | |||
| 4) Understanding and ability to apply psychological principles, skills and values in personal, social, and organizational contexts. | |||
| 5) Ability to weigh evidence, to tolerate ambiguity, and to reflect other values that underpin psychology as a discipline. | |||
| 6) Internalization and dissemination of professional ethical standards. | |||
| 7) Demonstration of competence in information technologies, and the ability to use computer and other technologies for purposes related to the pursuit of knowledge in psychology and the broader social sciences. | |||
| 8) Skills to communicate the knowledge of psychological science effectively, in a variety of formats, in both Turkish and in English (in English, at least CEFR B2 level). | |||
| 9) Recognition, understanding, and respect for the complexity of sociocultural and international diversity. | |||
| 10) Recognition for the need for, and the skills to pursue, lifelong learning, inquiry, and self-improvement. | |||
| 11) Ability to formulate critical hypotheses based on psychological theory and literature, and design studies to test those hypotheses. | |||
| 12) Ability to acquire knowledge independently, and to plan one’s own learning. | |||
| 13) Demonstration of advanced competence in the clarity and composition of written work and presentations. |
| N None | S Supportive | H Highly Related |
| Program Outcomes and Competences | Level | Assessed by | |
| 1) | Thorough knowledge of the major concepts, theoretical perspectives, empirical findings, and historical trends in psychology. | N | |
| 2) | Understanding of and ability to apply essential research methods in psychology, including research design, data analysis, and data interpretation. | N | |
| 3) | Competence to use critical and creative thinking, skeptical inquiry and a scientific approach to solving problems related to behavior and mental processes. | H | Exam,HW,Participation |
| 4) | Understanding and ability to apply psychological principles, skills and values in personal, social, and organizational contexts. | N | |
| 5) | Ability to weigh evidence, to tolerate ambiguity, and to reflect other values that underpin psychology as a discipline. | N | |
| 6) | Internalization and dissemination of professional ethical standards. | N | |
| 7) | Demonstration of competence in information technologies, and the ability to use computer and other technologies for purposes related to the pursuit of knowledge in psychology and the broader social sciences. | N | |
| 8) | Skills to communicate the knowledge of psychological science effectively, in a variety of formats, in both Turkish and in English (in English, at least CEFR B2 level). | N | |
| 9) | Recognition, understanding, and respect for the complexity of sociocultural and international diversity. | S | Participation |
| 10) | Recognition for the need for, and the skills to pursue, lifelong learning, inquiry, and self-improvement. | S | HW,Participation |
| 11) | Ability to formulate critical hypotheses based on psychological theory and literature, and design studies to test those hypotheses. | N | |
| 12) | Ability to acquire knowledge independently, and to plan one’s own learning. | S | Exam,HW |
| 13) | Demonstration of advanced competence in the clarity and composition of written work and presentations. | H | Exam,HW |
| Prepared by and Date | UTKU KOÇ , December 2023 |
| Course Coordinator | TUBA AYHAN |
| Semester | Spring |
| Name of Instructor | Assoc. Prof. Dr. BARIŞ SELÇUK |
| Week | Subject |
| 1) | Introduction, Framework and Concepts |
| 2) | Forecasting |
| 3) | EOQ and extensions |
| 4) | EOQ and extensions |
| 5) | Inventory Control Policies |
| 6) | Inventory Control Policies |
| 7) | Inventory Control Policies |
| 8) | Newsvendor Model |
| 9) | Supply Chain Inventory Management |
| 10) | Supply Chain Inventory Management |
| 11) | Supply Chain Inventory Management |
| 12) | Implementation and Organizational Aspects |
| 13) | Implementation and Organizational Aspects |
| 14) | Review and Conclusion |
| 15) | Final Exam/Project/Presentation Period |
| 16) | Final Exam/Project/Presentation Period |
| Required/Recommended Readings | Required: Lecture Notes and in-class material Recommended: ● Donald Waters, “Inventory Control and Management”, John Wiley and Sons. ● Edward A. Silver, David F. Pyke and Rein Peterson, “Inventory Management and Production Planning and Scheduling”, John Wiley and Sons. ● Nicolas Vandeput, “Inventory Optimization: Models and Simulations”, De Gruyter | |||||||||||||||
| Teaching Methods | Flipped Classroom | |||||||||||||||
| Homework and Projects | ||||||||||||||||
| Laboratory Work | ||||||||||||||||
| Computer Use | Students are expected to use computer programs for the course project. | |||||||||||||||
| Other Activities | ||||||||||||||||
| Assessment Methods |
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| Course Administration |
selcukb@mef.edu.tr Course Instructor: Assoc. Prof. Barış Selçuk, email: .., office: TBA Course Teaching Assistant: TBA Lecture time and place: TBA / Office hours: TBA Pre-lecture videos: Attendance/participation: According to YÖK regulations, students are required to attend at least 70% of the lectures. Students are expected to prepare for the lecture via pre-lecture videos and reading materials and attend the lectures. Formal use of e-mails: The course instructor assumes that any information sent through email will be received in 24 hours, unless a system problem occurs. Project: A term project will be assigned. Missing the midterm exam: Students missing the midterm exam should get a valid official document to prove their excuse. Missing a final: Faculty regulations. Inappropriate conduct, academic dishonesty and plagiarism are subject to YÖK Disciplinary Regulation. |
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| Activity | No/Weeks | Hours | Calculation | ||||
| No/Weeks per Semester | Preparing for the Activity | Spent in the Activity Itself | Completing the Activity Requirements | ||||
| Course Hours | 14 | 1 | 3 | 1 | 70 | ||
| Project | 1 | 20 | 2 | 22 | |||
| Midterm(s) | 2 | 15 | 2 | 34 | |||
| Final Examination | 1 | 20 | 2 | 22 | |||
| Total Workload | 148 | ||||||
| Total Workload/25 | 5.9 | ||||||
| ECTS | 6 | ||||||