PURCHASEING AND MATERIALS MANAGEMENT - JAIN, KC; PATIDAR, JEET (S. CHAND)
Keywords: Material Management Objective of Materials Management Primary objectives Secondary objectives Functions of Materials Management Evolution of the Materials Management Function Materials Management Function today a review Organisation of the Materials Management Integrated Materials Management Main Functions of Integrated Materials Management Need for Integrated Approach Scope and Advantages of Integrated Materials Management Objective of the integrated Material Management Approach Adaptability to EDP Computer Application and System Analysis for Material Management Material Requirements Planning Basic MRP Concepts Independent Versus Dependent Demand Lumpy Demand Lead Times Common Use Items Inputs to MRP Master Production Schedule Bill of Materials File Inventory Record File Computer Application to MRP Process MRP Output Reports Features of Computerized System Database Recording and Maintenance., Main Menu Screen Main MRP Processing. Standardization and Variety Reduction Objectives of Standardization Advantages of Standardisation Levels of Standard Scope of Standardization Simplification/Variety Reduction Classification and Codification of Materials Advantage and Disadvantage of Codification Systems of Codification Stores Vocublary Marking of Stores The Storekeeper Classification of Material For Variety Reduction Classification of Materials by Value Analysis Classification by Codification Materials Planning and Budgeting Introduction Purchasing and Materials Planning Tools of Materials Planning Bill of Materials Technique Past Consumption Analysis Technique Some Guidelines for Materials Planning Material Requirements Planning MRP System Overview Independent Versus Dependent MRP Material Planning Process Materials Budgeting Factors Governing Materials Budget Materials Budgeting and Accounting Review questions Stores and Stores Management. Impact of Demand and Lead Time Uncertainties Recent Developments in Inventory Management Selective Inventory Control Classification of selective Inventory Control Technique ABC Technique of Selective Inventory Control HML Classification VED Classification SDE Classification GOLFClassification FSN Classification SOS Classification XYZ Classification MUSIC $1 (B3D Classification Selective Inventory Management Control a Summary Combination of ABC and HML Analysis Make or Buy Decisions Make or buy decesions : strategic issues Out Sourcing : A Strategic Decision Economic and Non Economic Factors Influencing make or Buy Decisions Purchasing Principles, Procedure And Organization Objectives of Purchasing Functions and Duties of Purchase Deportment Methods of Raising Purchase Methods of Purchasing Centralised and decentralized purchasing Industrial Purchasing Dynamic Purchasing How Savings are Derived Through Purchasing Organisation of purchase department Vendor Evaluation and Performance Rating Problems in Evaluation. Evaluation Parameters Vendor Performance Evaluation Concept of 'Social Audit' Relevant Provisions under Companies Act Internal Control on Purchasing Evaluation of Purchasing Performance of An Organization Total Evaluation Evaluation of Quantitative Objectives Minimisation of Material Cost Maximisation of Cost Reduction Make or Buy Analysis and Implementation Maximisation of Rush Orders Minimisation of Rush Orders Maximisation of Timely Payments to Suppliers Adherence to Operating Budget Maximisation of Processing Capacity of Materials Department Standardisation and Variety Reduction Organisation of Department Interdepartmental Organisation Guidelines For Purchase Through Tender and Negtiations Tender Committee Value Analysis (VA) Historical Background Some Important Definitions and Terms Value Analysis Approach Procedure of Analysis Product Function Analysis : Value Analysis Approach Advanced Value Analysis Tools Case Study of Radiation Shielding Typical Value Analysis Questionaire Just in Time Purchasing Prerequisites For Jit Purchasing Elements of Jit Production System Jit Purchasing In Service Industries Inventory Performance Measurement- Ratio Analysis Approach. Purchasing Negotiating Skills Strategy for Negotiaton Planning for Negotiation Basic Approaches Noticed Some Useful Guidelines Negotiating Prices Profile of an Effective Negotiator Quality Control in Material Management Quality Characteristics Facets of Quality Quality Losses Quality Programme and its Objectives Quality Functions Quality Control Defined Objectives of Quality Control Quality Control and Statistical Quality Control Statistical Aids in Quality Control Specification Limits and their Relationship Acceptance Sampling: Principles Sampling Plans Percentage of Defective Items that is per cent Defectives Acceptance Sampling OC Curves Double Sampling. Multiple Sampling Plan Analysis and Interpretation of AOQ Curve Surplus, Obsolete and Waste Management Why Surplus And Waste? Surplus from Obsolete or Damaged Stocks and Equipment Management of Obsolete and Scraped Material Grouping of Materials and Their Disposal Buying Surplus Material. Stock Maintenance and Accounting Data-Base to be Maintained Planning Data Transactions Data File Working of the System Reports Smoothing Method On-Line Queries Over View Data Base Maintained Working of the System Reports and Queries Steps Involved in Generating Computer Outputs Typical Examination Questions Legal Aspects In Purchasing The Indian Contract Act-1872 Terminology Under Contract Act 1872 The Sale of Goods Act $1 (B1930 Important Requirements of a Contract of Sale Difference between a contrect of sale and a contruct to sell Law of Insurance and Transport Delivery of Goods Special Purchase Contractss