Materials Management: Procedures, Text and Cases

Materials Management has undergone a sea change in recent years because of its vast possibilities to contribute towards the corporate goals of productivity, profitability and growth.To keep abreast of the changes and emerging trends in the field of Materials Management, this New Edition has been thoroughly revised and updated with the latest procedures and theories. Divided into five parts, the text gives exhaustive coverage to the operational details of stores and purchases, standardization and quality control, value analysis and value engineering as well as the legal aspects of purchasing and the technicalities of warehousing.A great amount of new material and some new chapters have been incorporated in the text to suit the particular needs of students of management courses of the Indian universities. About The Author: A. K. DATTA Secretary, Indian Society for Materials Management, is an expert in Materials Management. He had been a visiting faculty to Indian Institute of Social Welfare and Business Management, Calcutta University; IBM, Jadavpur University and Bhartiya Vidya Bhawan. Table Of Contents Preface. Preface to the First Edition. PART I: MATERIALS MANAGEMENT AND PURCHASE ORGANIZATION Introduction. Systems Approach to Materials Management. Forecasting, Objectives and the Materials Organization. Materials Planning. Purchasing. Purchasing in Materials Management System Concept. Purchasing and Procurement Activities under Materials Management. Value Analysis and Value Engineering. Purchasing and Quality Assurance. Incoming Material Quality Control. Statistical Quality Control. Purchasing Capital Equipment, Plant and Machinery. International Buying and Import Purchasing. Governmental Purchasing Practices and Procedures. PART II: INVENTORY MANAGEMENT, STORES SYSTEM AND LOGISTICS Inventory Management and Control Systems. Stores Management and Operation. Mat