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Materials Management

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Materials Management

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ELECTIVE- MATERIALS MANAGEMENT

Subjects:-

 Materials Management- Paper 1st

 Inventory Management- Paper 2nd

 

 

Curriculum of Materials Management- Paper 1st     (IBM- E1055)

S.No.

Topics

 1

Integrated Materials Management:Importance of Materials Management, Need for Integrated Concept, Definition and Scope, Advantages in Integrated Materials Management Concept, Future.

2

Corporate Policy and Materials Management:-General Corporate Policy, Scope,  Make or Buy, Quality Requirements, Quantity Requirements, Cost Aspects.

3

Organization and Control:-Materials Management in the Overall Company Organization, Organizing Materials Management, Organization Based on Commodities, Organization Based on Location, Organization Based on Function. Special Requirements, Inter-Departmental Relationships, Span of Control and Delegation.

4

Materials Research:-Need and Importance, Definition and Scope, Organisation for Materials Research, Techniques and Reporting.

5

Materials Planning and Budgeting:-Importance, Definition, Techniques, Guidelines, Budgeting.

6

ABC Analysis:-What is ABC Analysis?, Advantages of ABC Analysis, Mechanics of ABC Analysis, Purpose of ABC Analysis, Objective of ABC Analysis, Limitations of ABC Analysis.

7

Codification and Standardization:-Nature of Codification, Process of Codification, Kodak System, Brisch System, Advantages of Codification, Need for Standardization, Standardisation in India, Importance of Standardization, Definition, Simplification, Preferred Numbers, Benefits of Standardisation.

8

Source Selection:-Why Source Selection?,Stages in Source Selection, Special Aspects in Source Selection.

9

Creative Purchasing:-Importance, Goals of Purchasing, Negotiation, Purchase Budget, Bill Market Scheme.

10

Purchase Systems:-Introduction, Special Purchasing Systems.

11

Price Forecasting:-Importance, Approaches, Price Forecasting Techniques, Thumb Rule for Price Forecasting, Extrapolation of the Same Price Series (Time Series), Relation with Another Price Series, Control.

12

Buying Seasonal Commodities:-Nature of Seasonality, Purchasing under Fluctuating Prices, Determining the Optimal Buying Strategy.

13

Purchasing under Uncertainty:-Classification of Decision Problems, Uncertainty Situation, Conclusion.

14

Purchasing of Capital Management:-Significant Differences, Considerations in Evaluation of Bids, Purchase of Used Equipment, Sources of Used Equipment, Drawbacks in Buying Used Equipment, Purchase V/s Lease, Role of the Purchasing Manager.

15

International Purchasing:-Need, Procedure, Nature of Documents, Problems, Trading Organizations.

16

Import SubstitutionProspects and Retrospects:-The Facts, The Analysis, The Agricultural Scene, The Canalized Agencies, Import Substitution-The Industrial Scene, Conclusion.

17

Public Buying:-The DGS&D, Conclusion.

18

Legal Aspects in Buying:Law of Agency, Law of Contract, Conclusion.

19

Insurance Buying:-Responsibilities of the Materials Manager, General Insurance Management, Aspects of insurance Management.

20

Buyer-Seller Relationship and Ethics:-Need for Cordial Relations, Control in Practicing Reciprocity, Backdoor Selling, Fruitful Areas for Improvement, Importance of Public Relations, Internal Public Relations, External Public Relations, Training and Public Relations, Ethics in Buyer-Seller Relationship, Principles and Standards of Purchasing Practice, Professional Agencies and Training.

21

Stores Management:-Purpose of Stores, Location and Layout, Cost Aspects and Productivity, Problems and Developments, New Development in Storing.

22

Stores Systems and Procedures:-Receipt System, Physical Systems, Storing Practices, Issue Control.

23

Incoming Materials Control:-Acceptance of Stores, Inspection Methods, AQL, LTPD and Risks, Rectification-AOQL, Operating Characteristic Curve (OC Curve), What Should be the Sample Size?, Military Standard 105D Plans, Dodge and Romig Plans, Bowker and Goode Plans, Choice of a Sampling Plan.

24

Stores Accounting and Stock Verification:-Stores Accounting, Costing of the Receipt of Materials, Costing of the Issues to Production, Stock Verification, Periodic Verification, Continuous Verification, Process of Verification.

25

Obsolete, Surplus and Scrap Management:-Definitions, Identification and Control, Disposal of Scrap.

26

Value Analysis:-Origin, Definition and Scope, What is Value?, Selection of Products for Value Analysis, Value Analysis Framework, Implementation and Methodology, Implementation and the Job Plan, Organization for Value Analysis, Value Analysis by Matrix Systems.

27

Material Handling:-Influencing Factors and Control, Equipment, Guidelines, Evaluation of Material Handling.

28

Transportation and Traffic Management:-Importance, Transport by Shipping.

29

Inventory Management in India:-Introduction, Raw Material, WIP, Finished Goods, Norms for Inventory, Peculiarities in India, Relevant Costs.

30

Economical Ordering Quantity:-Static-Risk Model, Dynamic-Certain (EOQ) Model, Cost-Sensitivity Analysis, Importance of EOQ, Economic Purchase Quantity, Dynamic Risk.

31

Practical Inventory Systems:-System Design, Safety Stock, Q-System, P-System, (S, S) System/Optional Replenishment System.

32

OR Techniques in Materials Management:-What is OR?, Linear Programming for Stock Allocation, Solution to the Transportation Problem, Test for Optimality, Learning Curve for Negotiations, Using and Determining the Learning Curve Parameter, Delphi Concept for Futurology.

33

Role of PERT in Materials Management:-What is PERT?.

34

Computers in Materials Management:-Electronic Computer, Integrated Computer System for Materials Management, Materials Planning, Purchasing and Inventory Management, Operational and Exceptional Reports, Conclusion.

35

Evaluation of Materials Management:-Organisation, Difficulties, Process and Criteria, Reporting, Purchasing.

Curriculum of Inventory Management – Paper 2nd     (IBM- E1056)

 

S.No.

Topics

 1

Need for Inventory Management:-Inventory Management, Objectives of Inventory Management, Role of Inventories in Profits.

2

Costs Associated with Inventories:-Economic Order Quantity, Activity Based Costing/ Activity Based Management, Total Cost Concept.

3

Classification of Inventories:-Inventory Catalogue, Classification of Inventory, Matrices.

4

Inventory Control Techniques-I:-Items Reducing Techniques.

5

Inventory Control Techniques-II:Safety Stocks, Service Level.

6

Forecasting:-Steps in Forecasting, Types of Forecasting, Demand Forecasting, Forecasting Techniques.

7

Materials Requirement Planning:-The MRP Process, Time Phasing Aspect of MRP, Supplier Scheduling.

8

Manufacturing Resource Planning:-MRP-II Process, Benefits of MRP-II Implementation, Distribution Resource Planning & Distribution, Requirement Planning-II.

9

JIT:– JIT Process, The Kanban System, Different B/w Kanban and MRP Systems, The Toyata Production System, Kanban System in Just-in-Time Production, Kanban, JIDOKA-Building Quality into Production Processes, The Information System b/w Toyota, Its Dealers, and Parts Manufactures.

10

Total Quality Management (TQM):-Principles of TQM, The Concept of Continuous Improvement by TQM, Deming’s 14 Points, PDCA Cycle for TQM Process Improvement and Problem Solving, Quality Improvement vs. Quality Assurance, Role of Purchasing and Supply Management in Quality Management, Glossary of Quality Improvement Terms Six Sigma, Six Sigma Themes

11

Surplus, Obsolete and Non-Moving Inventory:-Surplus, Scrap, Non-Moving, Recycling, Disposal of Scrap, Surplus and Non-Moving Inventory.

12

Work in Process (WIP) Inventory:-Costing, Methods to Control WIP.

13

Finished Goods Inventory:-Factors Influencing Finished Goods, Inventory, Control Measures.

14

Spares Parts Inventory Management:-Special Features of Spares, Factors Influencing Stocking of Spares, Classification of Spares, Steps for Management of Spare Parts.

15

Logistics and Supply Chain Management:-Logistics Management, Supply Chain Management (SCM), Evaluation of Supply Chain Performance.

16

Vendor Managed Inventory (VMI):-Advantages of Vendor Managed Inventory, Other Forms of Inventory with Suppliers.

17

Stores Managements:-Activities in a Warehouse, Inventory Norms, Inventory Valuation, Methods of Inventory Valuation, Performance Measurement of Stores Functioning.

18

Introduction to E-Commerce:-E-Commerce, E-Procurement, Implementation of E-Commerce, Reverse Auction, Forward Auction.

19

Some Motivational Thoughts:-Work, Home, Self, Change Management.

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