Course Outcomes: Students of this course will be able to:
1. Describe various functions of materials management.
2. Formulate inventory planning with various aspects.
3. Implement various inventory control techniques.
4. Explain various other aspects of Materials Management
Syllabus:
Unit 1: Introduction to Materials Management:
Meaning, Objectives, functions, Importance of materials management,
purchasing of material, 5R purchasing, Purchasing cycle, Vendor rating and
development, Vendor managed inventory.
Unit 2: Inventory Planning:
Inventory planning-effect on service level, integration with sales forecasting.
Purpose of Inventory, Inventory cost, Lot size & safety stock, Material
requirement planning, Bill of Material, MRP records, Surplus management.
Unit 3: Inventory Control:
Inventory models - EOQ, Inventory Model with price discounts, Selective
Inventory Control techniques ABC, VED, HML, FSN,
fixed period model
Unit 4: Other aspects of Materials Management:
Codification, standardization, material handling, stores management,
location of Warehouses, Material Cost reduction techniques, Future of materials
management, Challenges in materials management.
- Teacher: Pruthviraj Ghatage
- Teacher: Ketaki Kambale
- Teacher: Nagina Mali
- Teacher: Naziya Mullani
- Teacher: Priyanka Surve