

OBJECTIVES:
• To understand why materials management should be considered for profit in operations
UNIT I INTRODUCTION
Operating environment-aggregate planning-role, need, strategies, costs techniques, approaches-master scheduling-manufacturing planning and control system-manufacturing resource planning-enterprise resource planning-making the production plan
UNIT II MATERIALS PLANNING
Materials requirements planning-bill of materials-resource requirement planning-manufacturing resource planning-capacity management-scheduling orders-production activity control-codification.
UNIT III INVENTORY MANAGEMENT
Policy Decisions–objectives-control -Retail Discounting Model, Newsvendor Model; Review of deterministic models, Probabilistic inventory models.
UNIT IV PURCHASING MANAGEMENT
Establishing specifications-selecting suppliers-price determination-forward buying-mixed buying strategy-price forecasting-buying seasonal commodities-purchasing under uncertainty-demand management-price forecasting-purchasing under uncertainty-purchasing of capital equipment international purchasing
UNIT V WAREHOUSE MANAGEMENT
Warehousing functions – types – Stores management-stores systems and procedures-incoming materials control-stores accounting and stock verification-Obsolete, surplus and scrap-value analysis-material handling-transportation and traffic management -operational efficiency-productivity-cost effectiveness performance measurement
TOTAL: 45 PERIODS
OUTCOMES:
• Understanding basics of materials management
• Understanding requirement analysis for material planning
• Ability to apply inventory management models
• Understanding purchasing practices
• Understanding storage in warehouse
REFERENCES :