Purchasing and Inventory Management

Program Type:

Thesis

Non Thesis

Course Code:

TL 522

Course Type:

Area Elective

P:

3

Lab:

0

Credits:

3

ECTS:

8

Course Language:

English

Course Objectives:

This course will teach the students many different aspects of purchasing, warehousing and distribution. It directs the participants to learn the changes in strategic purchasing, warehousing and distribution management, and outlines the expanding role of these managers in many organizations. It also covers some special issues regarding international purchasing and supply chain management. Warehousing management is also another important issue in logistics management. The course program also covers the special issues in warehouse management and inventory management.

Course Content:

Purchasing strategy and forecasting, supplier selection and evaluation, international considerations and legalities, warehousing and inventory management, materials handling, economic theories of inventory modeling and warehousing strategies, distribution and transportation, traffic management and distribution channels management.

Teaching Methods:

Teaching Methods: 1: Lecture, 2: Question-Answer, 3: Discussion, 4: Simulation, 5: Case Study

Assessment Methods:

Assessment Methods: A: Testing, B: Presentation; C: Homework, D: Project, E: Laboratory

Vertical Tabs

Course Learning Outcomes

Learning Outcomes	Program Learning Outcomes	Teaching Methods	Assessment Methods
1. Students learn different aspects of purchasing.	1,4,5,11	1,3,5	A
2. Students learn the changes in strategic warehousing	1,4,5,11	1,3,5	A
3. Students learn important issues of inventory management	1,4,5,11	1,3,5	A

Course Flow

COURSE CONTENT
Topics	Study Materials
Introduction to Purchasing, Warehousing & Distribution
Wal-mart: A Business Success (Case Study) – Part1
Wal-mart: A Business Success (Case Study) – Part2
Purchasing Procedures and Techniques
Purchasing Strategy and Forecasting
Supplier Selection and Evaluation
Mid-term Exam
International Purchasing
Currency Issues in International Purchasing: Forward Buying and Currency Options
Inventory Management I : Strategic Inventory Management
Inventory Management II : Basic Inventory Models
Warehouse Management
Material Handling and Packaging
Transportation and Traffic Management
Final Exam	-

Recommended Sources

RECOMMENDED SOURCES

Purchasing and the Management of Materials… (Gary J. Zenz)

Global Supply Management: A Guide to International Purchasing….(Dick Locke)

Logistical Management: The Integrated Supply Chain Process…… (Donald J. Bowersox & David J. Closs)

Üretim Yönetiminde Yeni Yaklaşımlar ve Uygulamalar, Bülent SEZEN

Material Sharing

MATERIAL SHARING
Guidelines and additional examples for Lecture Topics

Midterm Exam and Final Exam

Assessment

ASSESSMENT
IN-TERM STUDIES	NUMBER	PERCENTAGE
Mid-terms	1	60
Quizzes	-	0
Attendance / Assignments	1	40
Total		100
CONTRIBUTION OF FINAL EXAMINATION TO OVERALL GRADE		60
CONTRIBUTION OF IN-TERM STUDIES TO OVERALL GRADE		40
Total		100

Course’s Contribution to Program

COURSE’S CONTRIBUTION TO PROGRAM
No	Program Learning Outcomes	Katkı Düzeyi
No	Program Learning Outcomes	1	2	3	4	5
1	Graduates of International Trade and Logistics Management are able to assess business concepts and information on trade and logistics, analyze problems, and provide solutions based on research.					x
2	Graduates of International Trade and Logistics Management are able to manage current and emerging trends of logistics and transport sector with proficiency in English.				x
3	Graduates of International Trade and Logistics Management gain the ability of managing the international business relationships of production and service companies.			x
4	Graduates of International Trade and Logistics Management gain the ability of planning, coordinating and managing the supply chains of production and service companies.					x
5	Graduates of International Trade and Logistics Management have the knowledge for promoting to a top management level position in trade and logistics companies.					x
6	Graduates of International Trade and Logistics Management gain the ability of using information technologies in planning and managing the logistics activities of trade and logistics companies.				x
7	Graduates of International Trade and Logistics Management gain the skill of working compatibly with team members in carrying out a vocational project.			x
8	Graduates of International Trade and Logistics Management gain the ability to understand the social and business relationships in trade and logistics sector, and learn to be innovative and creative in their field.			x
9	Graduates of International Trade and Logistics Management are able to manage current and emerging trends of logistics and transport sector with proficiency in English				x
10	Graduates of International Trade and Logistics Management gain the ability of analytic thinking and learn to apply quantitative analyses in solving problems.				x
11	Graduates of International Trade and Logistics Management are able to develop and manage new projects, and share information with other professionals.					x
12	Graduates of International Trade and Logistics Management gain awareness about the importance of ethical and social responsibility in trade and logistics sector.			x

ECTS

ECTS ALLOCATED BASED ON STUDENT WORKLOAD BY THE COURSE DESCRIPTION
Activities	Quantity	Duration (Hour)	Total Workload (Hour)
Course Duration (Including the exam week: 15x Total course hours)	15	3	45
Hours for off-the-classroom study (Pre-study, practice)	15	5	75
Mid-terms	1	20	20
Quiz	0	0	0
Homework	0	0	0
Final examination	1	30	30
Total Work Load			170
Total Work Load / 25 (h)			6,8
ECTS Credit of the Course			7

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