21LGSC106 - Materials Management PDF

### 21LGSC106 - Materials Management ### Course Objectives: - To help Students understand basic principles and concept of material management - To orient students on contemporary development in the field of material management - To develop competencies and knowledge of students to become effective...

### 21LGSC106 - Materials Management ### Course Objectives: - To help Students understand basic principles and concept of material management - To orient students on contemporary development in the field of material management - To develop competencies and knowledge of students to become effective professionals ### Learning Outcomes: - To apply the knowledge about material management in the real-life business situation - Understand the contemporary practices followed in the field of materials management - To enhance their managerial ability and professional skills | Unit | Topics | |---|---| | I | Introduction: Materials Management - Evolution, Importance, Scope and Objectives- Interface with other functions. Supply Chain Management -Objectives- Components, Trade off Customer Service & Cost. Supply Chain Analytics. | | II | Purchasing: purchasing and procurement activities under Materials management- Purchasing Methods- Purchasing and quality Assurance- Purchase Cycle – governmental purchasing practices and procedures - Negotiation & Bargaining - Vendor relations | | III | Inventory - Need of Inventory -Types of Inventory - Basic EOQ Model - EOQ with discounts - Different types of Analysis. Forecasting -methods of forecasting-Material Requirement Planning (MRP) -Input and output of MRP system -BOM Explosion -MRP II.| | IV | Quality control of material: Incoming material quality control- statistical quality control(Various control charts)- Inventory control & Cost Reduction techniques. Value Analysis & Value Engineering. Standardization - need and importance. Codification - concept, benefits.| | V | Stores - Functions- Stores layout -documentation- Materials handling and storage systems, - Principles of Materials Handling system - Safety issues | ### Text & Reference Books: 1. Course Material Prepared by LSC 2. Materials management: procedures, text and cases - A.K. Datta 3. Materials management: An integrated approach - P. Gopalakrishnan 4. Introduction to Materials management - J.R. Tony Arnold & Stephen N. Chapman 5. Purchasing and Materials Management - KS Menon 6. Handbook of Materials Management - Gopalakrishnan