LOGISTICS AND INVENTORY MANAGEMENT (OM368, 03935)

Transcription

1 LOGISTICS AND INVENTORY MANAGEMENT (OM368, 03935) SYLLABUS, SPRING 2018 MEETING TIME & LOCATION: Tuesday and Thursday, 3:30-4:45PM, UTC4.134 INSTRUCTOR: Guoming Lai, Associate Professor Office Hours: Tuesday/Thursday 5:00-6:00PM Office Location: CBA 5.228; Mailbox Location: CBA Contact Information: TEACHING ASSISTANT: Jingyao Huang Office Hours: Fridays 1:00-2:00PM Office Location: CBA 4.304A Space B; Mailbox Location: CBA Contact Information: COURSE DESCRIPTION: This course delves deeper into the concepts of logistics and inventory management, specifically, warehousing, transportation, facility location, forecasting, inventory management and assortment planning. Using the case studies, the students will learn to apply the concepts listed above to real-life problems. The main objectives of this course are: To provide you with an understanding of the role and importance of logistics and inventory management in today s successful product and service companies. To familiarize you with the basic concepts, techniques, methods and applications of logistics and inventory management strategic planning. To enhance your analytical skills and ability to solve real-life logistics and inventory management problems. Prerequisites: OM335 or OM335H. COURSE MATERIALS: 1. Required Readings Harvard Business Review Course Packet: Available online at HBS. It contains a set of cases we will discuss in class. 2. Suggested Books 1

2 Ronald H. Ballou. Business Logistics/Supply chain Management, 5th Edition. Pearson Prentice Hall ISBN: Chopra, Sunil and Peter Meindl Supply Chain Management: Strategy, Planning, and Operation, 6th Edition. Pearson Prentice Hall. 3. Canvas Course Website: All materials available in electronic format (lecture slides/notes, homework assignments, homework solutions, sample exams, exam solutions, etc.) will be posted at Canvas course website ( Several lecture slides/notes will be posted before the class. COURSE EVALUATION: Quiz I 20% Quiz II 20% Exam 30% Homework 20% Class Participation 10% Quizzes There are two in-class non-comprehensive quizzes during the class period. These are closed-book, but students are permitted to bring one page of notes. Exam There is one comprehensive exam on the last day of the class. It is closed-book, but students are permitted to bring two pages of notes. Homework Individual Homework Individual homework are designed to promote class preparedness, provide learning reinforcement, and extend the knowledge you have gained in class and from your readings. You will find that the homeworks provide excellent learning feedback and are a confidence-building tool. The assignments will also help with your preparation for the tests and exams. All assignments are due at the beginning of class on the date listed in the course schedule at the end of this syllabus. No late assignments will be accepted. Group Homework Group Homeworks are more substantial case exercises completed in self-selected groups of three to four people. Teamwork on these assignments is not only beneficial but essential. Each group will work as a team to answer the assignment questions and submit a single group solution set. The group homework needs to be typed doubled-spaced in 12pt font. Please form your groups and this information to the TA. Grading 2

3 Please turn in all assignments at the beginning of the class session listed on the schedule. Solutions to the homework assignments will be distributed in class or on the web-page. Please study each solution carefully even if you received full credit on the assignment. I do not accept the submission of written assignments after class on the day that they are due. Class Participation To foster a productive learning environment, it is important that everyone come to class prepared and willing to contribute to discussion. Ideally, you will make concise, insightful, and eloquent comments in every class. However, I also recognize the importance of making smaller contributions, including asking good questions. I believe that the learning environment is best when the discussion is not dominated by a few, but moved along incrementally by all of us. Do not be afraid to make points that you may regard as minor, ask clarifying questions, or otherwise contribute in small ways. Laptops in Class Unless explicitly stated otherwise at the beginning of class, the use of laptop computers during class is prohibited. Feedback Your informal feedback is very important to me. Please let me know throughout the semester if there is anything I can do to make this class better for you. SCHOLASTIC DISHONESTY: The McCombs School of Business has no tolerance for acts of scholastic dishonesty. The responsibilities of both students and faculty with regard to scholastic dishonesty are described in detail in the Policy Statement on Scholastic Dishonesty for the McCombs School of Business: By teaching this course, I have agreed to observe all of the faculty responsibilities described in that document. By enrolling in this class, you have agreed to observe all of the student responsibilities described in that document. If the application of that Policy Statement to this class and its assignments is unclear in any way, it is your responsibility to ask me for clarification. Policy on Scholastic Dishonesty: Students who violate University rules on scholastic dishonesty are subject to disciplinary penalties, including the possibility of failure in the course an/or dismissal from the University. Since dishonesty harms the individual, all students, and the integrity of the University, policies on scholastic dishonesty will be strictly enforced. You should refer to the Student Judicial Services website at or the General Information Catalog to access the official University policies and procedures on scholastic dishonesty as well as further elaboration on what constitutes scholastic dishonesty. Please do not use any materials (packet of overheads, homeworks, course notes, handouts, exams, homework solutions, case summaries) from previous semesters or from other sections of the course being offered in this semester unless the same has been made available by me to every one of your fellow students in this class. If the application of the Honor System to this class and its assignments is unclear in any way, it is your responsibility to ask me for clarification. 3

4 COURSE WEBSITES & STUDENT PRIVACY: Password-protected class sites will be available for all accredited courses taught at The University. Syllabi, handouts, assignments and other resources are types of information that may be available within these sites. Site activities could include exchanging s, engaging in class discussions and chats, and exchanging files. In addition, class rosters will be a component of the sites. Students who do not want their names included in these electronic class rosters must restrict their directory information in the Office of the Registrar, Main Building, Rm 1. For information on restricting directory information see: STUDENTS WITH DISABILITIES: The University of Texas at Austin provides upon request appropriate academic accommodations for qualified students with disabilities. For more information, contact the Office of the Dean of Students at , TTY. COURSE SCHEDULE: The following is a tentative schedule of meetings, readings, and deliverables for the semester. This is subject to change. When there are major changes, you will be notified by ; a current schedule will always be available on the Canvas course website. The homework schedule will be notified in the classes. Date Topic Recommended Reading List 1/16 Introduction 1/18 Warehousing and Storage Management I 1/23 Warehousing and Storage Management II 1/25 Warehousing and Storage Management III 1/30 Cross-docking and Transit Point CP: Merloni 2/1 Transportation and Routing I 2/6 Transportation and Routing II 2/8 Transportation and Routing III 2/13 Third-party Logistics CP: Vestel Distribution 2/15 Facility Location and Network Design I 2/20 Guest Lecture (Ethan Brown@ Baxter) 2/22 Quiz I 2/27 Facility Location and Network Design II 3/1 Facility Location and Network Design III 3/6 Capacity Location and Logistical Design CP: Dollar Tree Logistics 3/8 Demand Forecasting I 3/20 Demand Forecasting II 4

5 3/22 Demand Forecasting III 3/27 Inventory Management I 3/29 Guest Lecture (Jason Shirazi@PWC) 4/3 Inventory Management II 4/5 Quiz II 4/10 Inventory Management III 4/12 Aggregate Inventory Control and Risk Pooling 4/17 Pricing and Revenue Management 4/19 Guest Lecture (Ashlie Wallace@Dell) 4/24 Pricing and Revenue Management 4/26 Assortment Management 5/1 Final Review 5/3 Exam 5