Material Management (Electives POM)

Paper Code: 
MBP- 523
Credits: 
4.0
Contact Hours: 
40.00
Max. Marks: 
100.00
Objective: 
  • To familiarize the students with various facets of materials management
  • Learn advanced and recent techniques in materials management
6.00
Unit I: 
Purchasing Process, In sourcing and outsourcing

Purchasing Objectives and process, Types of Purchases, Types of Purchasing Strategies, Outsourcing decision process, Total cost analysis, Outsourcing Alternatives

8.00
Unit II: 
Supplier evaluation selection and measurement

Identification of supplier sources, Methods of supplier selection, Methods of supplier evaluation, Supplier quality management, Supplier evaluation systems: ISO:9000, Overview of worldwide sourcing, International sourcing process.

9.00
Unit III: 
Basic Inventory Systems

Functions and types of Inventories, Measures of Inventory performance, Inventory Systems. Distribution Inventory Management: Multi Location Systems, Centralization of Inventories, Safety Stocks, Distribution Inventory System.

11.00
Unit IV: 
Aggregate Planning, Capacity Planning and Control

The nature of the Aggregate Planning decisions, Aggregate Planning Defined, The Value of Decision Rules, Costs, Aggregate planning Strategies, Aggregate Planning Methods, Long Range Capacity, Medium Range Capacity Planning and Control, Short Term Capacity Planning and Control.

6.00
Unit V: 
High Volume Production Activity Control and Just-in-Time Systems

The Production Environment, Controlling Continuous Production, Sequencing and line Balancing Methodologies, Relationship to Aggregate Planning, Batch Processing Techniques, Process Industry Scheduling, Just-in-Time.

Essential Readings: 
  • Introduction to Materials Management by J R Tony Arnold, Stephen N Chapman, Lloyd M Clive, Prentice Hall publications.
  • Materials Management by Rajendra Mishra, Excel Books India 2009.
References: 
  1. Principles of Inventory and Materials Management by Richard J Tersine, Prentice Hall Publisher 1994.