This week’s topics
Core Logistics Management Tools and Techniques
- Economic order quantity (EOQ) and JIT
- ABC and XYZ inventory segmentation
- Cross-docking techniques
- Warehouse management systems (WMS) functionality
- What is EOQ vs EPQ + ABC Analysis, Vendor Managed Inventory, and JIT
- Week 02: Lecture 10: Case Study on Inventory Segmentation
- EOQ Technique of Inventory Management
What you will be able to do
- 3.1 Explain the tools and techniques used in logistics management in business.
Activity
Start with this week’s 3 videos, then: Seminar, guided reading and a short written task: explain the tools and techniques used in logistics management in business.
Study materials
Videos
- What is EOQ vs EPQ + ABC Analysis, Vendor Managed Inventory, and JIT · YouTube · Dr. Haywood · 15 min · for registered students
- EOQ Sensitivity Analysis · YouTube · MIT Center for Transportation & Logistics · 3 min · for registered students
- EOQ Allowing Backorders · YouTube · MIT Center for Transportation & Logistics · 5 min · for registered students
- EOQ with All Unit Discount · YouTube · MIT Center for Transportation & Logistics · 2 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
- Operations Management (Fanshawe), ch. 13: Inventory Management · Reading · Other, textbook chapter; PDF pp. 565–600 · for registered students
- Operations Management (Fanshawe), ch. 16: Just-In-Time and Lean Systems · Reading · Other, textbook chapter; PDF pp. 687–714 · for registered students
Materials marked “for registered students” open in the student portal, which is set up as soon as you receive final acceptance.
