Content：Introduction; A Single Warehouse Inventory Example; Risk Pooling; Centralized versus Decentralized Systems; Managing Inventory in the Supply Chain
Emphasis：A Single Warehouse Inventory Example; Risk Pooling; Centralized versus Decentralized Systems.
Objectives：Help students know:1) The Economic Lot Size Model; The Effect of Demand Uncertainty; 2)Risk Pooling; 3) What are the trade-offs that we need to consider in comparing centralized distribution systems with decentralized distribution systems?
Hours：4
Case study：JAM Electronics: Service Level Crisis and swimming suit
Case study: Cummins supply chain. Watching the Video and discussing the following questions: 1) What kinds of problems faced by Cummins Supply Chain relating to inventory management? 2) What strategies were adopted to tackle the problems?
Homework：Read the papers in relation to this field in various Journals（2000-2013）.
International of Production Economics
Supply Chain Management-An International Journal
International Journal of Operations & Production Management
Computer and Industrial Engineering
International Journal of Physical Distribution & Logistics Management
