Focussed on the importance of an integrated approach to materials management within the framework of the Indian environment, this work presents a comprehensive coverage of all aspects of the subject, such as the operational details of stores, purchase and inventory control as well as procedures and modern mathematical concepts. While dealing with policy aspects of materials management, including the concepts of management by objectives, it offers a lucid explanation of the application of modern scientific management techniques.
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Table of ContentsI. POLICY ASPECTS_Integrated Materials Management. Corporate Policy and Materials Management. Organisation and Control. Materials Research. Materials Planning and Budgeting. ABC Analysis. Codification and Standardisation. Source Selection. II. PURCHASING MANAGEMENT_ Creative Purchasing. Purchase Systems. Price Forecasting. Buying Seasonal Commodities. Purchasing Under Uncertainty. Purchasing of Capital Equipment. International Purchasing. Import Substitution: Prospects and Retrospects. Public Buying. Legal Aspects in Buying. Insurance Buying. Buyer-Seller Relationship and Ethics. III. WARE-HOUSING AND STORES MANAGEMENT_Stores Management. Stores Systems and Procedures. Incoming Materials Control. Stores Accounting and Stock Verification. Obsolete, Surplus and Scrap Management. Value Analysis. Material Handling. Transportation and Traffic Management. IV. INVENTORY MANAGEMENT AND O.R. TECHNIQUES_Inventory Management in India. Economical Ordering Quantity. Practical Inventory Systems. O.R. Techniques in MM. Role of PERT in MM. Computers in MM. Evaluation of MM. Bibliography. Index.