Enrolments for 2023 have closed.
Warehousing and Inventory Management
Postgraduate | TAS-JNB639 | 2023
Previously TAS-JNB539
Course information for 2023 intake View information for 2024 course intake
- Study method
- 100% online
- Assessments
- 100% online
- Entry requirements
- Part of a degree
- Duration
- 14 weeks
FEE-HELP available
Warehousing and Inventory Management
About this subject
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
- Refer to Mylo for study topics
Warehouses/distribution centres play a pivotal role in today’s logistics and supply chain systems, especially when we consider the manufacturing in a global environment and increasing online shopping. When operating a warehouse/distribution centre, how to improve the operational efficiency while minimising the warehousing costs confronts every logistics/warehousing manger. Assume that you are a logistics/warehousing manager and receive the request from the senior management team that you have to reduce the inventory cost by 20% within the next 12 months. How will you break this financial target into the inventory levels of many thousands of products in your warehouses?
This subject delivers the knowledge of warehousing and inventory management in a comprehensive way: from warehousing processes to critical operations, from storage and material handling technologies/equipment to software systems, from technical to managerial solutions. We will start this subject with some fundamentals of warehousing 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 the career in logistics/warehousing industry. Then we bring you further to a higher step where the advanced knowledge enable you to deal with the complicated warehousing and inventory issues as a senior logistics/warehouse manager. For instance, the steps of warehouse design, the 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 wastes (of time, space and resources) in warehousing operations. With the advanced knowledge here, you will also be confident if you are targeting a position in a consultancy providing logistics/supply chain solutions.
All the knowledge in this subject are practical relevant. 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 on how to implement these methods in ERP/MRP systems.
This subject has strong linkages with the subjects JNB522 Business Logistics, JNB637 Strategic Procurement Management, and JNB624 Supply Chain Management. For instance, the receiving process of a warehouse/distribution centre is a direct interface with suppliers, and the inventory management policies have to take into account the lead time caused by preparation and transport and the uncertainties in customer demand. The hands‐on tutorials with spreadsheets are also developing and enhancing your data analysis skills in the subject JNB635 Business Analytics and Operations Research.
- Test or Quiz (15%)
- Final Exam (40%)
- Presentation (15%)
- Case Study (30%)
For textbook details check your university's handbook, website or learning management system (LMS).
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Entry requirements
Part of a degree
To enrol in this subject you must be accepted into one of the following degrees:
Core
- TAS-GSM-MAS-2023 - Master of Global Logistics and Supply Chain Management
Elective
- TAS-GLS-GCE-2023 - Graduate Certificate in Global Logistics and Supply Chain Management
- TAS-GLS-GDI-2023 - Graduate Diploma of Global Logistics and Supply Chain Management
Additional requirements
No additional requirements
Study load
- 0.125 EFTSL
- This is in the range of 10 to 12 hours of study each week.
Equivalent full time study load (EFTSL) is one way to calculate your study load. One (1.0) EFTSL is equivalent to a full-time study load for one year.
Find out more information on Commonwealth Loans to understand what this means to your eligibility for financial support.
Related degrees
Once you’ve completed this subject it can be credited towards one of the following courses
Postgraduate
TAS-GSM-MASPostgraduate
TAS-GLS-GCEGraduate Certificate in Global Logistics and Supply Chain Management
Postgraduate
TAS-GLS-GDIGraduate Diploma of Global Logistics and Supply Chain Management