IM60030: Materials Management

IM60030
Course name	Materials Management
Offered by	Industrial & Systems Engineering
Credits	3
L-T-P	3-0-0
Previous Year Grade Distribution
{{{grades}}}
Semester	Spring

Syllabus

Syllabus mentioned in ERP

Integrated materials management: The material cycle, Forecasting material need. Procurement and storage: Vendor rating, Incoming material inspection and acceptance sampling, Classification of Inventory: ABC, VED, and FSN analysis. Standardisation, codification and variety reduction, Control of level of inventory and frequency of purchase: Static and dynamic models under certain risk and uncertain conditions of demand, MRP and JIT.Books â¢Perlman, K.L., Handbook of Purchasing and Materials Managementâ¢Gopalakrishnan, P. and M. Sunderesan, Materials Management: An Integrated Approachâ¢Tersine, R. J., Principles of Inventory and Materials Management, PTR Prentice Hall, 4th ed., 1994â¢Heinritz, S. F., P. V. Farrell and C. L. Smith, Purchasing: Principles and Applications, Prentice Hall, 7th ed., 1986.