Materials Management

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MATERIALS MANAGEMENT

INTRODUCTION

OBJECTIVES OF MATERIAL MANAGEMENT

CHAPTER I. PRODUCTION PLANNING SYSTEM

A.Definition

B.Aim of Material Management

C. Purpose of Material Management

D.Economy in Material Management

CHAPTER II. FUNCTIONS OF MATERIAL MANAGEMENT

A. Material Purchase Planning

B. Inventory Management

C. Inventory Control

D. Categorization and Codification

E. Distribution

F. Computerization

CHAPTER III. FUNCTION OF INVENTORY CONTROL

A. FUNCTION

i. VED Analysis
ii. SDE Analysis
iii. FSN Analysis
iv.HML Analysis

B. Objectives of Inventory Control

i. Inventory Costs
ii. Inventory Decisions

CHAPTER IV. BUFFER STOCK

A.Determination of Buffer Stocks

B.Economic Order and Quantity

CHAPTER V. AREAS OF CONCENTRATION

A.Quality Assurance

B.Standard

C. Material Flow

D. Reduce Manufacturing Cost

E. Lead Time Reduction

CHAPTER VI. SUPPLY CHAIN MANAGEMENT

A. Benefits of Supply Chain Management

B. Key Elements of Supply Chain Management

i. Four Basic Needs of Material Management ii. Basic Principles of Material Management iii. Element of Material Management iv. Functional areas of material management.

CHAPTER VII. PROCUREMENT

A.Procurement Cycle

B.Objectives of Procurement System

C.Procurement Equipment

D.Points to Remember While Purchasing

i. Storage
ii. Equipment Maintenance & Condemnation iii. Preventive Maintenance iv. Condemnation and Disposal v. Procure for Condemnation vi. Disposal

CHAPTER VIII. MATERIAL MANAGEMENT TENDERS

A.Material Management Functions

B.Purchase
i.Based on Need Assessment
ii.Finding the Right Source
iii.Negotiations
iv.Negotiations – Principles
v.Receiving
vi.inventory
vii.Equipments: General Tips

CHAPTER IX. IMPORTANCE OF MATERIAL MANAGEMENT

A. Role of Materials Managements

B.Techniques in Improving Productivity Management

I. Task Based Techniques
ii. Product Based Technique iii. Technology Based Techniques iv. Material Based Techniques v. Employee Based Techniques

CHAPTER X. PRINCIPLE OF MATERIAL HANDLING AND PLANT LAYOUT

A.Planning Principle

B.Standardization Principle

C.Work Principle

D.Ergonomic Principle

E.Unit Load Principle

F.Space Utilization Principle

G.System Principle

H.Automation Principle

I.Environment Principle

J.Life Cycle Cost Principle

CHAPTER XI. OBJECTIVE OF MATERIAL HANDLING

A.Indicators of Low Material Productivity

B.Possible Reasons for Low Material Production

C.Overhauling Your Heavy Industrial Equipment

D.Helping To Define Customer Satisfaction

E.Buying Labels Online Is Easy and Economical

F.ID Badge Clips and Supplies

G.Saving Money with a Medical Billing Company

H.GPS can be for Personal or Business Use

I.Handling today’s Changes with the Right Project Software

J.Developing Criteria for Data Entry

K.Bar Codes are used when items are labeled with information

L. Large Amounts of Products and the Need to Control it

M. Raw Material Management

MATERIAL MANAGEMENT

Introduction
Materials management is the branch of logistics that deals with the tangible components of a supply chain. Specifically, this covers the acquisition of spare parts and replacements, quality control of purchasing and ordering such parts, and the standards involved...
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