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

Literature related to the course:

Chapman, Stephen N. Introduction to Materials Management. Eight edition, global edition. Harlow: Pearson Education Ltd, 2017 published book or e-book.

Lecture materials related to the course can be found in the course workspace. Relevant open-source online material can also be used.

Teaching methods

You will complete this course independently. Pay attention the start and end times of the course, and returning dates of assignments.

Course includes assignments that are described in the course workspace.

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 course does not include an exam.

Student workload

Independent studying and assignments approximately 135 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. Assignments are assessed with points and maximum points of all assignments is 100.

Course grade is formed from total points of assignments (max 100p):
<50p = 0
50-59p = 1
60-69p = 2
70-79p = 3
80-89p = 4
90-100p = 5