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Introduction:
Nature and Scope of importance of materials management in Business world.
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Importance and
advantages of an integrated system of Materials Management.
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Materials requirement planning.
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Purchasing Functions and
Purchasing Systems.
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Concepts of inventory management,
EOO, ROP, Safety stock, ABC and XYZ analysis.
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Make or Buy Decision,
Value Engineering
.
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Store Functions,
Systems and Procedures.
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Classification, Codification,
Standardization and Variety reduction.
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Applications of Computers
in Materials Management.
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KAN BAN System of
Materials Management and Push and Pull Systems.
