Course description

Operations 1

Introduction

Logistics management operations requires a good knowledge of methods and concept for optimising cost and service levels. Through the methods, also an understanding in operational decisions and their impact will be given.
Students participating in this course will gain an understanding of the management of logistics operations. Emphasis will be on various methods for optimising supply chains, and how they can be implemented in the real world.

Course content

1. Introduction
Models and concepts in logistics operations
2. Understanding the supply process:
Evaluation process capacity
3. Estimating and reducing labour cost:
A process perspective
Batching and flow interruptions:
Optimising the flow through a supply chain:
4. Forecasting
Requirements to forecasting, static forcasting
5.Forecasting
Adaptive forecasting
6.Cycle stock
Inventory management with multiple products.
7.Cycle stock
Discount schemes, joint optimisation for supplier and customer
8.Safety stock
9. Optimal service levels
10. Scheduling
11. Aggregate planning
12. Pricing, coordination, IT and E-business

Learning outcome knowledge

A good understanding of logistics operations and outcomes.

The student should be able:
(i) To understand process capacities and evaluation of those
(ii) To understand how to best utilise bottlenecks in processes
(iii) To gain knowledge of forecasting
(iv) To gain knowledge of cycle stock management
(v) To understand safety stock management and optimisation of service levels
(vi) To get some understanding of basic issues in scheduling
(v) To understand aggregate planning of operations

Exam organisation

  • Written exam: 100%