Materials Management

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