MM 2123 - Inventory Management

Credits: 3
This course explores the industrial purchasing cycle for materials acquisition and management. Students will study 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. Lecture 3 hours per week. Prerequisite(s): BA 1213 with a grade of “C” or better.