function of Material-Management

Jun 28th, 2015
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Abilene Christian University
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Material Management. Every organization, big or small, depends on materials and services from other organizations to varying extents. These materials and services are obtained through exchange of money and the physical arrangement of it all is called Materials Management or even Material Management.

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TOPICSTOBECOVEREDINMATERIALSMANAGEMENTImportanceofMaterialsManagement(corporatepolicy,organization,research,planning,sourceselection) ValueAnalysisandValueEngineering PurchaseManagement,importanceofpurchasing,variousRsofPurchasingsystems Needforforecastingprice/policyonseasonalcommoditiesandcapitalequipments InventoryManagement,itsprimeimportanceinourcountrytoday InventoryControlTechniquesABC,FSN,GOLF,VED,SOS,HML, MakeorBuydecisionsProblemsonABCAnalysis1TOPICSWarehousingandStoresManagement CentralizedandDecentralizedStores Methodsofstoresaccounting NeedforStockVerification Managementofscrap/waste/surplus/obsoletematerials JIT,Kanban,Kaizen,PushPullconcept MaterialRequirementPlanning ExplanationofEOQ,advantages/linmitations TypesofInventorySystemsP&Qsystems SQC,TechniquesofSQC,Controlcharts,Xbarchart,Rchart,Pchartetc2Test PaperMaterials Managementmarks 20Time: 2 hoursAttempt any 10 questions:1. Explain the difference between purchasing managementand materials management2. What is letter of credit and state types of LC?3. Explain how a materials manager can increase the profitof the company4. Explain principles of purchasing management5. Explain purchasing cycle b

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