VŠTE:BPE_NRZ Purchasing and Inventory Manag - Course Information

BPE_NRZ Purchasing and Inventory Management

Extent and Intensity

2/2/0. 5 credit(s). Type of Completion: zk (examination).

Teacher(s)

Ing. Jiří Kučera, PhD. (seminar tutor)

Guaranteed by

Ing. Florin Aliu, Ph.D.
School of Expertness and Valuation – Rector – Institute of Technology and Business in České Budějovice
Supplier department: School of Expertness and Valuation – Rector – Institute of Technology and Business in České Budějovice

Timetable of Seminar Groups

BPE_NRZ/E4: Sat 9. 3. 11:25–12:55 E1, 13:05–14:35 E1, 14:50–16:20 E1, Sat 23. 3. 11:25–12:55 E1, 13:05–14:35 E1, 14:50–16:20 E1, Sat 6. 4. 14:50–16:20 E1, 16:30–18:00 E1, J. Kučera
BPE_NRZ/P01: Wed 13:05–14:35 E1, J. Kučera
BPE_NRZ/S01: Thu 13:05–14:35 N010, J. Kučera
BPE_NRZ/S02: Thu 11:25–12:55 N107, J. Kučera
BPE_NRZ/S04: Fri 11:25–12:55 N109, J. Kučera
BPE_NRZ/S05: Mon 13:05–14:35 N006, J. Kučera

Course Enrolment Limitations

The course is also offered to the students of the fields other than those the course is directly associated with.

fields of study / plans the course is directly associated with

• Business Economics (programme VŠTE, B_PE) (2)

Course objectives supported by learning outcomes

The content of the course is to acquaint students with the concept and functions of corporate purchasing and supply. To teach them to manage stocks in conditions of certainty and uncertainty, ie. be able to apply supply models, know the methods and techniques of modern inventory management.

Learning outcomes

Upon successful completion of this course, students will:
1. understand the concepts related to purchasing and supplying the company,
2. understand the functions and organization of corporate purchasing,
3. manage the purchasing process in the company,
4. determine the selection and evaluation of suitable suppliers,
5. understand inventory planning and means determination of material assortment and material consumption,
6. characterizes individual types of stocks in the company,
7. determines optimal costs for stocks and insurance stock,
8. understands the process of stock management in the company and the supply system,
9. manages supply in the company through inventory management models and predicts trends in inventory management.

Syllabus

• Lectures:
• 1. Definition of the concept of purchasing and supply.
• 2. Functions and organization of the corporate purchasing process.
• 3. Purchasing marketing model, selection and evaluation of suppliers.
• 4. Planning and types of stocks - determination of material assortment and material consumption.
• 5. Inventory management process and inventory costs in the company.
• 6. Just in Time and Kanban method.
• 7. Purchasing integration through the company's value chain.
• 8. Supply Chain Management (SCM).
• 9. Models of inventory theory.
• 10. Dynamic deterministic models - single-product and multi-product models.
• 11. Dynamic stochastic models.
• 12. Insurance stock and its determination.
• 13. Supply Systems and Vendor Managed Inventory.
• Seminars:
• 1. Entry into the theory of inventory management. Projection of inventories into financial statements - balance sheet.
• 2. Calculation and calculation of complete and incomplete costs (examples). Purchasing marketing concept.
• 3. Outsourcing (decision-making own production-purchase, example). Purchasing planning (needs assessment, balance equations, examples).
• 4. Optimal delivery size (Harris-Wilson formula, examples).
• 5. Selection and evaluation of suppliers - theory, selection methods, examples of scoring - model.
• 6. Inventories (types of inventories, insurance reserves, examples).
• 7. Application of Pareto analysis in supply - (input, examples). Outsourcing applications in supply.
• 8. Continuous test.
• 9. Models of inventory theory.
• 10. Influence of inventories on working capital needs and financial analysis indicators (examples). An overview of the most important formulas.
• 11. Inventory standardization - examples.
• 12. Inventory turnover time, calculation of financial analysis indicators using knowledge gained from teaching.
• 13. Repetition, preparation for the exam.

Literature

required literature
• ČERVENÝ, R., 2013. Strategie nákupu: krok za krokem. Praha: Nakladatelství C. H. Beck. ISBN 978-80-7400-414-8.
• SYNEK, M., 2011. Manažerská ekonomika. Praha: Grada. 5., aktualiz. a dopl. vyd. ISBN 978-80-247-3494-1.
• MULAČ, P., M. VOCHOZKA a V. MULAČOVÁ, 2009. Podniková ekonomika: sbírka příkladů. České Budějovice: Vysoká škola technická a ekonomická v Českých Budějovicích. ISBN 978-80-87278-26-0.
• EMMETT, S., 2008. Řízení zásob. Jak minimalizovat náklady a maximalizovat hodnotu. Brno: Computer Press. ISBN 978-80-251-1828-3.
• HUGOS, M., 2018. Essentials of Supply Chain Management. [s. l.]: Published by J. Wiley & Sons Inc.. 4. edit. ISBN 978-1-119-46110-4.
• CHRISTOPHER, M., 2016. Logistics and Supply Chain Management. [s. l.]: Publish. Edinburg, 5. edit. ISBN 978-1-292-0831-0.

recommended literature
• MIKOVCOVÁ, H. a H. SCHOLLEOVÁ, 2009. Praktikum podnikové ekonomiky pro bakalářské studium. 2., upr. vyd. Plzeň: Vydavatelství a nakladatelství Aleš Čeněk. ISBN 978-80-7380-209-7.
• TOMEK, G. a V. VÁVROVÁ, 2001. Výrobek a jeho úspěch na trhu. Praha: Grada. ISBN 80-247-0053-0.
• TOMEK, G. a V. VÁVROVÁ, 2014. Integrované řízení výroby: od operativního řízení výroby k dodavatelskému řetězci. Praha: Grada. ISBN 978-80-247-4486-5.
• SIXTA, J. a M. ŽIŽKA, 2009. Logistika: metody používané pro řešení logistických projektů. Brno: Computer Press. ISBN 978-80-251-2563-2.
• LUKÁŠ, L., 2012, Pravděpodobnostní modely v management: teorie zásob a statistický popis poptávky. Praha: Akademia. ISBN 978-80-200-2005-5.
• POPÍLKOVÁ, M., R. PÍCHOVÁ, K. KABOURKOVÁ a L. POLANECKÝ, 2017. Nákup a řízení zásob: vysokoškolská skripta. České Budějovice: Vysoká škola technická a ekonomická v Českých Budějovicích. ISBN 978-80-7468-124-0.
• RAŠNER, J., 2015. Manažment výroby. Zvolen: Technická univerzita vo Zvolene. ISBN 978-80-228-2848-2.

Forms of Teaching

Lecture
Seminar
Tutorial

Teaching Methods

Frontal Teaching
Group Teaching - Cooperation
Critical Thinking

Student Workload

Activities	Number of Hours of Study Workload
	Daily Study	Combined Study
Preparation for the Mid-term Test	10	10
Preparation for Seminars, Exercises, Tutorial	44	80
Preparation for the Final Test	20	20
Účast na průběžném testu (in Czech)	2	2
Attendance on Lectures	26
Attendance on Seminars/Exercises/Tutorial/Excursion	26	16
Účast na závěrečném testu (in Czech)	2	2
Total:	130	130

Assessment Methods and Assesment Rate

Test – mid-term 30 %
Test – final 70 %

Exam conditions

For successful completion of the course it is necessary to achieve at least 70 % of the course and final test together under the conditions specified below. In the course test, students can get up to 30 points, i.e. 30 %. In the final test, students can get up to 70 points, i.e. 70 %. Grading for the course, i.e. points for the final test (70 - 0) + points for the course test (30 - 0): A 100 – 90, B 89.99 – 84, C 83.99 – 77, D 76.99 – 73, E 72.99 – 70, FX 69.99 – 30, F 29.99 – 0.

Students in the full-time form of study are obliged to participate in 70 % of the lessons (except for lectures). If this condition is not fulfilled, the student will automatically get “-” grade.

Language of instruction

Czech

Further comments (probably available only in Czech)

The course is taught annually.

Teacher's information

Attendance in lessons is defined in a separate internal standard of ITB (Evidence of attendance of students at ITB). It is compulsory, except of the lectures, for full-time students to attend 70 % lesson of the subject in a semester.

Students of part-time study will do part-test at third session.

Students with an individual study plan will take only a 100-point final test in the exam period. However, students are required to contact the teacher immediately upon approval of the individual study plan (ISP). If the student does not do so, his ISP will not be taken into account. In case of any questions, they can contact the subject guarantor.

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