Materials management : an integrated systems approach

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Title:

Author:

Prem Vrat, author.

ISBN:

9788132219699

Personal Author:

Prem Vrat, author.

Physical Description:

xxiii, 408 pages : illustrations ; 25 cm.

Contents:

Introduction to integrated systems approach to materials management -- Basic concepts in inventory management -- Selective inventory management -- Static inventory models: single purchase decisions -- Dynamic inventory models: aggregate analysis -- Deterministic inventory models -- Dynamic inventory models with quantity discounts -- Probabilistic inventory models -- Just-in-time, MRP, and lean supply chains -- Inventory management of slow-moving materials -- Multi-echelon inventory models -- Material specification, codification, and standardization -- Management of material waste -- Storage and warehousing -- Purchasing: policies and procedures -- Incoming materials quality assurance -- Make or buy decisions: outsourcing strategy -- Source selection, performance rating, and development -- Value analysis for material cost reduction -- Systems approach and supply chain management -- Evaluation of materials management effectiveness.

Abstract:

This book examines the problem of managing the flow of materials into, through, and out of a system in order to improve the efficiency and effectiveness of materials management. The subject is crucial for global competitive advantage, as materials constitute the largest single cost factor in manufacturing and service, and their effective management enhances value for money. In this context, inventory is a barometer of materials management effectiveness, along with wastage of materials. The book adopts a comprehensive, integrated systems approach and covers almost all aspects of materials, considering the specification, procurement, storage, handling, issue, use and accounting of materials to get the most out of every dollar invested. Combining conceptual clarity and quantitative rigor, it will be a highly useful guide for practicing managers, academics and researchers in this vital functional area.

Subject Term:

Materials management.

Copies:

Available:*

Library	Material Type	Item Barcode	Shelf Number	Copy	Status
Searching... 1:RCPO	1:GEN-BOOK	002051726	658.8 VRA	1	Searching... Unknown

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Summary

This book examines the problem of managing the flow of materials into, through, and out of a system in order to improve the efficiency and effectiveness of materials management. The subject is crucial for global competitive advantage, as materials constitute the largest single cost factor in manufacturing and service, and their effective management enhances value for money. In this context, inventory is a barometer of materials management effectiveness, along with wastage of materials.
The book adopts a comprehensive, integrated systems approach and covers almost all aspects of materials, considering the specification, procurement, storage, handling, issue, use and accounting of materials to get the most out of every dollar invested. Combining conceptual clarity and quantitative rigor, it will be a highly useful guide for practicing managers, academics and researchers in this vital functional area.