Iğdır University Lifelong Learning Programme

Description of Individual Course Units

Course Unit Code	Course Unit Title	Type of Course Unit	Year of Study	Semester	Number of ECTS Credits
2111003102	STORAGE AND INVENTORY MANAGEMENT	Compulsory	2	3	4

Level of Course Unit

Short Cycle

Objectives of the Course

Aim is to give students the nature, importance and role of warehousing and inventory management in the logistics system and international supply chain. Warehousing provides time and place utility for raw materials, industrial goods, and finished products, allowing firms to use customer service as a dynamic value-adding competitive tool. Also the main purpose of inventory is simply to meet customer demand. Therefore to give student the basic warehousing and inventory decisions, operations issues and reasons for holding inventory.

Name of Lecturer(s)

Öğr. Gör. Özkan AYIK

Learning Outcomes

1	To be able to utilize the theoretical and practical knowledge acquired in the fields of International Trade and Logistics with an interdisciplinary approach in developing expertise on the track of the progress in the globalized business world
2	To exercise managerial skills by conducting his/her competences in the fields of International Trade and Logistics actively into real processes
3	To be able to communicate effectively both in written and oral forms with the peers in the department where he/she holds a position and organize professional development activities
4	To assess the basic and current dynamics of flexible and open fields of International Trade and Logistics in a theoretical framework
5	To solve the complex problems in the fields of International Trade and Logistics with analytic and independent thinking ability and capability to synthesize them with embracing versatility
6	To keep professional capabilities updated through improving business practicum by keeping track of the changes and innovations in the sector
7	To have the characteristics to interpret, inquire and deepen the knowledge acquired during the education process within the existing economic conjuncture
8	To have the necessary organizational skills and responsibility to create flexible, efficient and rapid solutions to the existing and possible problems with an innovative approach by facilitating sectoral coordination through the practices of International Trade and Logistics.
9	To be able to use the current and widely used field specific information and software programs besides having up-to-date technical equipment and multiple language skills needed by private sector in both national and international platforms.

Mode of Delivery

Daytime Class

Prerequisites and co-requisities

none

Recommended Optional Programme Components

none

Course Contents

Materials handling, packaging, bar-coding, cross docking, inventory control system, ABC classification, economic order quantity models.

Weekly Detailed Course Contents

Week	Theoretical	Practice	Laboratory
1	The Principles, Nature and Importance of Warehousing, The Role of the Warehouse in the Logistics System
2	Objectives of Materials Handling
3	The Role of Packaging, Bar Coding
4	Functions of Warehousing and Cross Docking
5	Strategic Warehousing
6	Global Warehousing Strategies International Logistics in Warehousing vs. Warehousing in International Logistics
7	Midterm exam
8	Warehousing & Distribution Warehouse Activities
9	Types of Inventory, Inventory Control System and Reasons for Holding Inventory
10	Inventory Positions and Cost in the Supply Chain
11	Objective of Inventory Management
12	Aggregate Planning And Inventory Management
13	ABC Classification
14	Inventory Related Costs and Inventory Models
15	Economic Order Quantity Models and Pareto Analysis
16	Final Exam