Materials Management (5 cr)

Evaluation scale

0-5

Objective

Purpose:
Materials management can have a significant impact on a company's profit, logistics efficiency and customer service. In global supply chains and e-commerce, the importance of material management components, such as demand forecasting, inventory level management, selecting production strategy and planning capacity, is becoming increasingly important. In this course you will learn how to plan and manage material flows. After completing this course, you will understand the basic principles, key concepts and theories of material management and their implications for business.

Competencies:
- Investigations and information retrieval
- Knowledge and understanding
- Purchasing
- Intralogistics
- Business

Learning outcomes:
- You will understand the importance of demand forecasting in business and the most common methods of forecasting.
- You will understand how material flows and inventory levels can be managed and controlled. You understand how to minimize costs of material flow and inventory can be minimize.
- You will understand the basic principles of production control management as well as the different production strategies and their importance for business.
- You will understand how machine, space and personnel capacity is can be determined and understand the basic principles of capacity management.

Content

- Demand forecasting
- Inventory management
- Material requirements planning
- Production control management
- Capacity management

Materials

Learning materials related to the course can be found in the course learning enviroment. Relevant open-source online material can also be used.

Preferred literature:
Introduction to materials management. 2017. Chapman, Stephen N. Harlow : Pearson Education Ltd.

Teaching methods

Course includes lectures (1-2 days at the campus), self learning and returnable learning assignments.

Assignments are done as independent work. The assignments are described in the course workspace. All assignments are either individual assignments or group assignments (described in course workspace) and their due dates will be confirmed as the course progresses.

Employer connections

Trade fairs, seminars, webinars, etc. that take place during the course can be included in the course. This will be discussed in more detail during the course.

Exam schedules

The possible date and method of the exam will be announced during the course.

Completion alternatives

The admission procedures are described in the degree rule and the study guide. The teacher of the course will give you more information on possible specific course practices.

Student workload

Contac learning 8-16 lessons.
Independent studying about 120 hours.

Assessment criteria, satisfactory (1)

1: You have gained knowledge at all the subjects described in the learning outcomes.
2: You have gained knowledge at all the subjects described in the learning outcomes and is able to can utilize this knowledge.

Assessment criteria, good (3)

3: You understand all the subjects described in the learning outcomes and is able to apply the skills one has learned.
4: You have attained an excellent level in almost all the subjects described in the learning outcomes and is able to apply the skills one has learned.

Assessment criteria, excellent (5)

5: You have attained an excellent level in all subjects described in the learning outcomes and is able to apply the skills one has learned.

Further information

Course assessment is based on assessment criteria from learning objectives.