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Level 3 Diploma in Logistics, Supply Chain and Operations Management

Stock control and replenishment decisions

LSC302 · Cross-functional Interconnectivity — Week 5 of 16

CourseLSC302
Week5 of 16
SemesterI
TutorOnline in the course chat

This week’s topics

Stock control and replenishment decisions

  1. Economic Order Quantity (EOQ)
  2. Reorder level determination
  3. Lead time variability
  4. Push vs pull replenishment
  5. Managing Stock Explained | Bar Gate Stock Graphs, JIT, Procurement & Logistics
  6. Inventory Control (part 1) The EOQ Formula- ACCA Management Accounting (MA)
  7. Inventory Control (part 4) - Reorder Level - ACCA Management Accounting (MA)

What you will be able to do

  • 2.2 Explain how stock control and replenishment decisions are made.

Activity

Start with this week’s 4 videos, then: Seminar, guided reading and a short written task: explain how stock control and replenishment decisions are made.

Study materials

Videos

  • Managing Stock Explained | Bar Gate Stock Graphs, JIT, Procurement & Logistics · YouTube · Two Teachers · 10 min · for registered students
  • Inventory Control (part 1) The EOQ Formula- ACCA Management Accounting (MA) · YouTube · OpenTuition · 24 min · for registered students
  • Inventory Control (part 4) - Reorder Level - ACCA Management Accounting (MA) · YouTube · OpenTuition · 16 min · for registered students

Further resources

  • MIT OCW ESD.260J Logistics Systems (Fall 2006), Inventory management I: EOQ · PDF · MIT OpenCourseWare, slides · for registered students
  • MIT OCW ESD.260J Logistics Systems (Fall 2006), Inventory management IV: probabilistic demand, safety stock · PDF · MIT OpenCourseWare, slides · for registered students
Materials marked “for registered students” open in the student portal, which is set up as soon as you receive final acceptance.
Week 4Week 6
Course chat

Admitted students ask questions on this week’s page in the student portal: an AI assistant trained on the course answers first, and during the course’s timetabled classes Connect to your tutor brings your tutor into the chat, who may start a call if needed.

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Course plan
  • Week 1: Core business functions and supply chain alignment
  • Week 2: Consequences of cross-functional misalignment
  • Week 3: Integrated cross-functional planning
  • Week 4: Inventory types and strategic purposes
  • Week 5: Stock control and replenishment decisions
  • Week 6: Data integrity and information flows
  • Week 7: External stakeholder collaboration
  • Midterm: Midterm evaluation
  • Week 9: Digital technologies and supply chain visibility
  • Week 10: Supply chain resilience and continuity
  • Week 11: Organizational coordination and process improvement
  • Week 12: Applying Cross-functional Interconnectivity in practice: ca…
  • Week 13: Assignment workshop: research, planning and referencing
  • Week 14: Assignment workshop: drafting, feedback and improvement
  • Week 15: Review and coursework completion
  • Final: Final assessment and submission
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