Syllabus Information |
Fall 2024
Jan 18, 2025 |
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| LOG 3254P - Inventory Mngt Service Ops |
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Associated Term:
Fall 2024
Learning Objectives: • The unique characteristics of MRO inventory management in the service industry, such as utilities, airlines, rail and other non-manufacturing/retail industries • The nature and sources of demand for service parts, consumables, and replacement spare parts • Common maintenance practices and repair strategies, and their impact on parts demand • Qualitative and quantitative part classification, the benefits and limitations of each, and which strategies are best suited for regular versus intermittent demand • Basic demand forecasting techniques for fast-moving parts, slow-moving parts, and intermittent demand • Underlying theories of classic inventory control models including EOQ, continuous review, periodic review, and base stock policies • Comprehensive framework for improving spare parts inventory management Required Materials: Access to laptop to bring to the course Technical Requirements: Access to online course content and optional reading materials |
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