Materials Management
Materials Management
Materials Management
B. E. SEMESTER: VI
Industrial Engineering
Subject Name: Materials Management
Sr. Total
Course Content
No Hrs.
1. Introduction to materials management : 10
Role, scope and importance of material control function, materials
management in organization, cost aspects, materials management
organization, specifications of materials, standardization and variety
reduction, waste control, materials research, incoming materials control
2. Stores Management: 18
Layout of stores and warehouse, material handling in stores, physical
control of stocks : obsolete, surplus and scrap management, accounting
and record keeping of stores, classification, coding and codification
systems, Case studies
3. Purchasing Management: 22
Purchasing functions and purchasing systems, ABC analysis and VED
analysis in purchasing, make or buy decision, selection of sources and
vendor rating, legal aspects of purchasing, materials budget, organization
for buying. Imports Exports policy, procurement in shortage situation,
estimation of dependent and independent demands, lead time analysis,
buffer stock, materials requirement planning for organization, Purchasing
and quality assurance, International buying and import purchasing, Case
studies
4. Inventory models: 14
Inventory management & control systems, EOQ, concepts, type of
inventory models-deterministic and probabilistic.
References Books: