Materials Management : an Integrated Systems Approach
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
eBook, English, 2014
Springer India : Imprint : Springer, New Delhi, 2014
1 online resource (XXIII, 408 pages 125 illustrations) : online resource
9788132219705, 9788132219699, 8132219708, 8132219694
1005823267
Printed edition:
Chapter 1. Introduction to Integrated Systems Approach to Materials Management
Chapter 2. Basic Concepts in Inventory Management
Chapter 3. Selective Inventory Management
Chapter 4. Static Inventory Models
Single Purchase Decisions
Chapter 5. Dynamic Inventory Models: Aggregate Analysis
Chapter 6. Deterministic Inventory Models
Chapter 7. Dynamic Inventory Models with Quantity Discounts
Chapter 8. Probabilistic Inventory Models
Chapter 9. Just-In-Time, MRP and Lean Supply Chains
Chapter 10. Inventory Management of Slow Moving Materials
Chapter 11. Multi-Echelon Inventory Models
Chapter 12. Material Specification, Codification and Standardization
Chapter 13. Management of Material Waste
Chapter 14. Storage & Warehousing
Chapter 15. Purchasing: Policies and Processes
Chapter 16. Incoming Material's Quality Assurance
Chapter 17. Make or Buy Decisions: Outsourcing Strategy
Chapter 18. Source Selection, Performance Rating and Development
Chapter 19. Value Analysis for Material Cost Reduction
Chapter 20. Systems Approach and Supply Chain Management
Chapter 21. Evaluation of Materials Management Effectiveness