UNIQUE SERIES AKTU Syllabus
BMLS304

Inventory and Warehouse Management

L-T-P3-0-0 Credits3 Session2025-26 TypeTheory
Appears in 1 semester

MBA Logistics & Supply Chain Management · Sem 3 (Core)

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Syllabus

5 units · 41 lecture hours
Unit1

Unit 1: Inventory Management Frameworks

9 hrs

Nature and diversity of Stock Keeping Units (SKUs); Role of bounded rationality in inventory decisions; Functional classifications of inventory; ABC classification and its application in inventory models; Phases of inventory management: Analysis, Modelling, Decision-Making, Control, Evaluation; Importance of physical stock counting and audit practices

Unit2

Unit 2: Replenishment Systems and Inventory Models

9 hrs

EOQ models and assumptions; Numerical examples on EOQ and sensitivity analysis; Inventory with quantity discounts, inflation adjustments; Pricing strategies: fixed vs variable; Constraints on order sizes: maximum and minimum limits; Time-phased replenishment systems

Unit3

Unit 3: Fundamentals of Warehouse Management

9 hrs

Importance and functions of warehousing; Types of warehouses and specialised services; Warehouse strategy and standard development; Warehouse layout and sizing; Inventory placement and picking strategies; Warehouse automation and sustainability considerations; Contemporary challenges in warehousing

Unit4

Unit 4: Warehouse Operations and Processes

6 hrs

Receiving and put-away operations; Picking strategies and equipment; Replenishment, cycle counting, and return processing; Documentation in warehouse operations; Case studies on process optimisation

Unit5

Unit 5: Cost and Performance Management in Warehousing

8 hrs

Types of warehouse costs and ROI analysis; Traditional vs Activity-Based Costing (ABC); Logistics charging and pricing methods; Performance measures and metrics (traditional and modern); Integrated performance and benchmarking; Use of Balanced Scorecard; Safety and health regulations in warehousing

Course Objectives6 points
  • This course aims to:
  • Understand the principles and practices of inventory management within the context of supply chain and logistics
  • Apply knowledge of inventory replenishment systems and models to real-world supply chain scenarios
  • Analyze techniques for managing inventory under time-varying and uncertain demand conditions
  • Evaluate inventory and warehouse design options to support effective decision-making
  • Develop competencies to assess warehouse operations, analyze associated costs, and measure performance outcomes
Course Outcomes (COs)5 outcomes

After completion of the course student will be able to:

  1. CO1Identify and describe the key elements and frameworks of inventory management. –K1 (Remembering)
  2. CO2Explain replenishment systems and apply EOQ and related inventory models. –K2 (Understanding)
  3. CO3Apply warehouse layout design principles and operational processes to real-life warehousing scenarios. – ApplyingK3
  4. CO4Analyse warehouse performance using costing and productivity metrics. – AnalysingK4
  5. CO5Evaluate warehouse strategies and sustainability challenges for operational effectiveness. – EvaluatingK5

Suggested Readings

  1. Edward A. Silver, Alberta, Canada David F. J. Thomas Penn , Inventory and Production Management in Supply Chains (CRC Press)
  2. Mamta Malik & Pushpa Rani, Warehouse Management and Inventroy Control, Literature light
  3. Robert A. Davis, Demand-Driven Inventory Optimization and Replenishment (Wiley- Wiley & SAS Business Series)
  4. Max Mullar, Essentials of Inventory Management (AMACOM)
  5. Nicolas Vendaput, Inventory Optimisations- Models and Simulation(De Gruyter)
  6. Hanqin Zhang, Houmin Yan, and S.Prakash Sethi, Inventory and Supply Chain Management with Forecast Updates (Springer)

Official AKTU syllabus

This subject is on page 11, 12 of the original AKTU PDF.

Official AKTU syllabus PDF ↗