Revised: 6/2023

COURSE STRUCTURE

Name of Course: INVENTORY MANAGEMENT

Course Code: MGT1006
Credit Hours: 4
Prerequisite/co-requisite: None
Summary: This course introduces students to the overview of inventory management, storage and supply
of materials, elementary principles and basic methods of stock management, introduction to material
requirements planning and Just-in-time purchasing.

Course Learning Outcomes:

Upon completing this course, the students will be able to:

CLO1: Explain the process of purchasing, warehousing and distribution. [C2/PLO1]

CLO2: Assess the process of purchasing, warehousing and distribution of a company by assessing the
strengths and weaknesses. [C3/PLO2]
CLO3: Propose ideas clearly through an oral presentation. [A3/PLO4]

Course Format:
Total Student Learning Time (SLT) (L = Lecture; T = Tutorial; P = Practical; EL = E-learning) :
Learning Hours Guided & Independent Learning Total Student Learning Time (hr)
(hr)
L T P EL
28 14 0 14 104 160

Teaching and Delivery Methods/ Teaching Methodology: Lectures, Tutorial and Practical/Laboratory
work delivered in a combination of blended & independent learning

E-Learning provided by INTI makes learning more accessible and convenient for the students. The blended
model utilized by INTI is the integration of E-learning via INTI’s Learning Management System and the
conventional lecturer-led classroom activities. INTI students are required to access to the online learning
materials (additional notes, reading materials, online assessments, discussion forums and etc.), so as to
acquire a complete learning process. This also promotes self-directed learning in encouraging INTI students
to be independent learners.
Revised: 6/2023

Syllabus:
Lecture Course Content Outline CLO*
1-2 The supply function (1) 1,2,3
Stores-purpose. Responsibilities of stores. Supplies policies and
organization.
3-4 The supply function (2) 1,2,3
Position of stores within the purchasing and supply organization.
Relationships with other departments. Benefits of Material
Management. Logistics-definition. The Supply Chain Concept.
5-7 Identification of materials 1,2,3
Coding of materials. Advantages of coding system. Code symbols.
Interpretation of codes. Methods of coding.
8-10 Receipt and inspection 1,2,3
Expediting. Receipts from suppliers. Inspection.

11-12 Issue and dispatch 1,2,3

Authorization of issues. Identification of requirements. Timing of
issues. Dispatch of goods
13-14 Records and systems 1,2,3
Purpose of stock records. Manual systems. Computerized system.

15-17 Material accounting 1,2,3

The value of stores in stock. Basis of material costing. Methods of
pricing materials issues. Arrangement of stores accounts.
Provisions. Control of stock by value. Budgetary control. Annual
audit
18-19 Approaches to the provision of materials 1,2,3
Reasons for holding stock. Dependent and independent demand.
The extent of stockholdings. Ordering quantities and EOQ
20-22 Stock checking and stocktaking 1,2,3
Physical security. Responsibility for stock. Purposes of stocktaking.

23-24 Just-in-time Purchasing (JIT) 1,2,3

Definition. The development of JIT. JIT and purchasing. Benefits of
Purchasing JIT. Possible disadvantages of JIT
25-26 Operations Management and Production 1 1,2,3
Business locations and size of firms, Internal and external
economies of scale, what are diseconomies of scale? Ways to
measure the size of firms, Relations between production and
marketing functions
27-28 Operations Management and Production 2 1,2,3
Key factors in product design strategy, Factors to consider when
buying supplies, What is job, batch and flow methods of
production?, Four methods of quality control

Final Examination
Revised: 6/2023

Student Evaluation:
Continuous Assessment Percentage (%) CLO
1 Tests 30 1
2 Group Project & Presentation 30 3
Final Assessment Percentage (%)
Final Examination 40 2
Total 100%

Final Exam Format: -

Duration: 2 hours
Final Exam consists of:
Section A: 20 Multiple choice questions. Answer ALL the questions (40 marks) Section
B: Essay questions. Answer ALL the questions (60 marks)

Grading Scale:
A+ (90-100), A (80-89), A- (75-79), B+ (70-74), B (65-69), B- (60-64), C+ (55-59), C (50-54), C- (45-
49), D (40-44), F (0-39), RP (Re-sit Pass) (50-100), RF (Re-sit Fail) (0-49)

Grading Scale for CBSN:

A+ (90-100), A (80-89), A- (75-79), B+ (70-74), B (65-69), B- (60-64), C+ (55-59), C (50-54), C- (45-
49), D (40-44), F (0-39), RP (Re-sit Pass) (40-100), RF (Re-sit Fail) (0-39)

IMPORTANT NOTE:
A grade C or a pass mark of 50% can only be achieved when the student attempts both the
continuous and final assessment.

AND

For CBSN students:

1. A student must get a combined total of 50% from the continuous and final assessment
components to pass,

AND

2. For BOTH continuous and final assessment components, a student must achieve a
minimum score of 40%.

Additional Information: NIL

Main Reference(s) Supporting Course:

1. Monczka, R.M., Handfield, R.B., Giunipero, L.C. & Patterson, J.L. (2020). Purchasing and
Supply Chain Management. 7th ed. Cengage Learning.

Additional References:
1. Liraz, M. (2017). Guide to Purchasing Management in a Manufacturing Business - A Step by
Step Guide to Purchasing and Supply Chain Management.