Warehousing and Inventory Management
Your upfront cost: $0
Subjects may require attendance
- 11 Jul 2022
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Times Higher Education Ranking 2022
Upon completion of this subject, the student should be able to:
- Explain the impact of warehousing management practices on warehouse operational efficiency
- Discuss the impact of warehouse operations and inventory management on the performance of the logistics/supply chain system
- Apply EOQ, Pareto, and k-curve methodologies to inventory management
- Introduction to Warehousing and Inventory Management
- Warehouse Design and Location
- Material Flows and Warehousing Processes
- Order picking: Strategies, Methods and Equipment
- Warehouse Management Systems
- Lean Warehousing
- Warehouse Safety
- Inventory Management
You should not enrol in this subject if you have successfully completed any of the following subject(s) because they are considered academically equivalent:
- TAS-JNB539-Warehousing and Inventory Management (No longer available)
No additional requirements
Warehouses play a pivotal role in today’s logistics and supply chain systems, especially when considering manufacturing on a global scale, and the growth of trends such as online shopping. When operating warehouses, managers are confronted with the problem of how to improve operational efficiency while minimising warehouse costs. Assume that you are a warehouse manager and receive a request from a senior management team; you have to reduce the inventory cost by 20% within the next 12 months. How will you reach this financial target with thousands of products in your warehouse?
This subject delivers the knowledge of warehousing and inventory management in a comprehensive way, including:
- Warehouse processes
- Critical operations
- Managing storage
- Equipment and technologies for material and storage handling
- Software systems
- Technical and managerial solutions.
The subject starts with some fundamentals of warehouse management, including inbound and outbound material flows and critical warehousing processes, order picking strategies and methods, hardware (storage and material handling technologies/equipment), and software systems. The fundamental knowledge here is essential for anyone who aims to pursue a career in the logistics and warehousing industries. Next, advanced knowledge will enable you to deal with the complicated warehousing and inventory issues as a senior logistics/warehouse manager. For instance, the steps of warehouse design, inventory optimisation, knowledge helping you to fulfil the inventory cost deduction command from the senior management team, and the lean management principle that help you to continuously reduce the waste of time, space and resources, in warehousing operations.
With the advanced knowledge of this subject, you will also be confident in providing consultations for logistics/supply chain solutions. All the knowledge in this subject has practical relevance. Our hands-on tutorials with spreadsheets with EOQ, Pareto inventory policies and k-curve methodologies will elaborate on how we can implement these inventory optimisation methods in practice. We will also discuss the practical issue of how to implement these methods in ERP/MRP systems.
- 30 Questions Online Quiz (15%)
- Final exam (40%)
- K-curve methodology for inventory management (15%)
- Measuring performance is a key task to improve warehouse operations (30%)
Current study term: 10 Jul 22 to 16 Oct 22
Check the learning management system (LMS) of your university for textbook details.