Material Management
1.Introduction :
-Classification
of materials.
-Materials
management : Definition, Scope and importance
-Integrated
materials management, Concept need and advantages.
-Material
planning – definition, need factors effecting material planning.
-Techniques
of material planning.
2.Industrial purchasing :
-Meaning
and importance.
-Principles
of right purchasing.
-Organisation
and functions of purchase department.
-Purchase
procedure.
Centralized
v/s decentralized purchasing.
-Buying
methods.
3.Storekeeping
:
-Meaning,
objectives and importance Functions of store keeping.
-Store
room location and layout.
-Receiving, inspection & issue procedure
-Stores record
4.Inventory
control :
-Meaning,
objectives functions and importance.
-Procurement
and carrying cost.
-Sock
levels : Maximum, Minimum, Economic ordered quantity.
-Reorder
pint safety stock and stock out.
-Tools
of inventory control : Perpetual, physical and ABC analysis.
5.Practical
Problems on :
-Learning
curve
-Vendor
Selection
-Computation
of different levels of stock.
-Determination
of Economic order Quantity under different situation.