Purchasing and Materials Management

The Importance of Materials Management lies in the fact that it controls near about 45% to 70% cost of the material in input in the final product with this realization, the emphasis has shifted to materials management heavily. Now a days purchasing section is regarded as the profit centre of the firms. Industrial advisiors and experts say that the role of purchasing manager is very crucial for smooth running of the firm Savings in purchasing results in value addition in the conversion process. Thus materials management covers the functions involved in planning, sourcing, moving, storing and controlling materials most effectively and efficiently.

The main features of the book are as follows:

1. Discuss the concept and objectives of materials management

2. Deals Computer Application and System Analysis

3. Discuss preservation of materials, Handling, of Material Inventory Planning and Control, Inventory management models and selective Inventory control

4. Discuss the Strategies for taking decisions regarding making a product in house or out sourcing the same

1. Material Management

2. Integrated Materials Management

3. Computer Application and System Analysis for Material Management

4. Standardization and Variety Reduction

5. Classification and Codification of Materials

6. Materials Planning and Budgeting

7. Stores and Stores Management

8. Automatic Storing and Warehousing

10. Preservation of Materials

11. Materials Handling

12. Inventory Planning and control

13. Inventory Management Models

14. Selective Inventory Control

15. Make or Buy Decisions

16. Purchasing Principles, Procedure And Organization

17. Vendor Evaluation and Performance Rating

18. Value Analysis (VA)

19. Just in Time Purchasing

20. Purchasing Negotiating Skills

21. Quality Control in Material Management

22. Surplus, Obsolete and Waste Management

23. Stock Maintenance and Accounting

24. Legal Aspects In Purchasing

25 Cases And Review Questions