vcc.ca
OPMT 1220: Inventory Control and Materials Management
Effective date
May 2025
Department
Global Supply Chain Management
School
Hospitality, Food Studies and Applied Business
Description
This course provides the students with the knowledge and skills to delve into effective inventory management strategies within complex supply chains. Topics include the role of safety inventory in risk mitigation, impact of supply uncertainty, multi-echelon management strategies, various inventory control methods, lean practices for efficiency, and accurate inventory auditing techniques.
Credits
3.0
Year of study
1st Year Post-secondary
Prerequisites
None
Corequisites
None
Course Learning Outcomes
Upon successful completion of this course, students will be able to:
- Apply the role of safety inventory in managing supply chain risks
- Evaluate the impact of supply uncertainty on safety inventory in supply chains
- Analyze the effects of aggregation principles on inventory management
- Develop strategies for managing inventory in multi-echelon supply chains
- Compare and assess various inventory control methods in supply chains
- Implement lean inventory practices to enhance operational efficiency
- Design and execute inventory auditing procedures for accuracy in inventory control
- Define and apply Key Performance Indicators (KPIs)for assessing inventory performance
- Evaluate the role of technology (Software, Internet of Things) in optimizing inventory levels
Prior Learning Assessment & Recognition (PLAR)
None
Hours
Lecture, Online, Seminar, Tutorial: 45
Total Hours: 45
Total Hours: 45
Instructional Strategies
Lectures, case studies, group work
Grading System
Letter Grade (A-F)
Passing grade
D
Evaluation Plan
|
Type |
Percentage |
Assessment activity |
|
Midterm Exam |
20 |
|
|
Final Exam |
30 |
|
|
Assignments |
20 |
Individual and group assignments |
|
Quizzes/Tests |
20 |
Two or more quizzes |
|
Participation |
10 |
|
Course topics
- Inventory Management in Supply Chains The role of safety inventory in a supply chain The impact of supply uncertainty on safety inventory The impact of aggregation on safety inventory Managing safety inventory in a multi-echelon supply chain Inventory control methods (e.g., FIFO, LIFO) Lean Inventory Practices Inventory Auditing and Accuracy Materials Requirement Planning (MRP) Inventory Control Models Supplier Relationship Management KPIs for inventory control Inventory management technology (Inventory management software, IoT in inventory management, etc.)
Notes:
- Course contents and descriptions, offerings and schedules are subject to change without notice.
- Students are required to follow all College policies including ones that govern their educational experience at VCC. Policies are available on the VCC website at:
https://www.vcc.ca/about/governance--policies/policies/. - To find out if there are existing transfer agreements for this course, visit the BC Transfer Guide at https://www.bctransferguide.ca.