Inventory and Materials Mgmt

Catalog description

Inventory and Materials Management (3-0) This course addresses the issues and approaches associated with managing the inventory and flow of raw materials, work-in-process, finished goods, and supplies to ensure/ enhance the organization's competitiveness and profitability. Topics will include outsourcing or make-or-buy decisions, international/global sourcing, and computer-based inventory/materials systems, as well as the formulation and application of quantitative models for inventory analysis and decision making. The concepts, principles, and strategic impact of some of the more significant approaches in production/inventory planning and control, such as just-in-time systems material requirements planning and enterprise resource planning, will be discussed. Restricted to majors: ACCT, BAMA, BSAD, ECON, GENG, OSCM. Prerequisites: OSCM 5308 and QMB 5311 (or equivalent) each with a grade of "C" or better.