This week’s topics
Inventory Control and Multi-Echelon Management
- Stochastic economic order quantity (EOQ)
- Multi-echelon safety stock placement
- Continuous and periodic review policies
- ABC-XYZ inventory segmentation
- Week 02: Lecture 10: Case Study on Inventory Segmentation
- Lec 19- Safety Stock and Fixed Time Inventory Model
What you will be able to do
- 1.5 Apply appropriate inventory control and management approaches.
Activity
Start with this week’s 2 videos, then: Seminar, guided reading and a short written task: apply appropriate inventory control and management approaches.
Study materials
Videos
- Inventory Management: How to Align Company Strategy with the Right Policies? · YouTube · MIT Center for Transportation & Logistics · 44 min · for registered students
- What is EOQ vs EPQ + ABC Analysis, Vendor Managed Inventory, and JIT · YouTube · Dr. Haywood · 15 min · for registered students
- Periodic and Perpetual Inventory Systems · YouTube · Dr. Haywood · 7 min · for registered students
- Lecture 13 Inventory Management · YouTube · Eddy Witzel · 10 min · for registered students
- Inventory Management – Economic order quantity - ACCA Financial Management (FM) · YouTube · OpenTuition · 28 min · for registered students
Further resources
- MIT OCW ESD.260J Logistics Systems (Fall 2006), Inventory management IV: probabilistic demand, safety stock · PDF · MIT OpenCourseWare, slides · for registered students
- MIT OpenCourseWare 15.762J Supply Chain Planning (Spring 2011) · Reading · MIT OpenCourseWare, course · for registered students
- MIT OCW ESD.260J Logistics Systems (Fall 2006), Inventory management I: EOQ · 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.
