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

Moodle material

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

Teaching methods

This is a virtual nonstop course. Student may enroll to the course during 1.8.-31.5. There are three (3) different time periods inside the nonstop course:

- Course studied by 10.12.

- Course studied by 31.5.

- Course studied by 31.7.

Student chooses the time period in the virtual study environment. Time period should be selected based on students enrollment and study right time. Student can create own time schedule for the assignments and tasks within the selected time period.

If the virtual study environment has not opened for you within 2 weeks after enrollment, please contact the course teacher.

The calculated workload is the number of credits times 27 hours.
In the 5 credit course, the workload is 135h.

Exam schedules

The course has several exams that will be done individually.

Student workload

Self study and assignments, in total 135h (27h/ECTS)

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.