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PGDM OM 3.3 Material Management

This document outlines the curriculum for a Material Management course taught at the Institute of Technology and Science. The course covers 5 units: introduction to materials management and its relationship to logistics and supply chain management; material requirements planning including forecasting, master production scheduling, and bill of materials explosion; inventory management including costs, types of inventory, EOQ models, and ABC analysis; inventory control techniques like standardization and codification; and purchasing management including the purchasing cycle, negotiation, vendor relations, and sourcing. Recommended textbooks for the course are also provided.

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Alok Singh
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279 views

PGDM OM 3.3 Material Management

This document outlines the curriculum for a Material Management course taught at the Institute of Technology and Science. The course covers 5 units: introduction to materials management and its relationship to logistics and supply chain management; material requirements planning including forecasting, master production scheduling, and bill of materials explosion; inventory management including costs, types of inventory, EOQ models, and ABC analysis; inventory control techniques like standardization and codification; and purchasing management including the purchasing cycle, negotiation, vendor relations, and sourcing. Recommended textbooks for the course are also provided.

Uploaded by

Alok Singh
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOC, PDF, TXT or read online on Scribd
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Institute of Technology and Science

PGDM (2015 – 2017)


Course Title: Material Management [Credit: 03]
Course Faculty: Prof. Alok Singh

Curriculum:

Unit-I: Introduction to Material management


Introduction: Materials Management - Evolution, Importance, Scope and Objectives - Interface with
other functions. Concept of Logistics and Supply Chain Management and evolution to 4PL, Trade
off Customer Service & Cost.

Unit-II: Material Requirement Planning


Advantages over conventional planning (Order Point Method) – Input and output of MRP system -
Forecasting – Overview of quantitative and qualitative methods of forecasting - Master Production
Schedule - Bill of Materials – BOM Explosion - Material flow in MRP. MRP II. Concept of ERP.
(Numericals expected on BOM Explosion, estimating Net requirements)

Unit-III: Inventory Management


Need of Inventory, Costs associated with Inventory, Types of Inventory , Basic EOQ Model, EOQ
with discounts, Classification of material, ABC Analysis, VED, HML, FSN, GOLF, SOS
(Numericals expected on Basic EOQ, EOQ with discounts & ABC)

Unit-IV: Inventory control & Cost Reduction techniques


Inventory turns ratios, Standardization, need and importance, Codification, concept, benefits. Value
Engineering and Value Analysis, concept and process.

Unit-V: Purchasing Management and Materials Handling


Responsibilities of Purchase Department, Purchase Cycle, Negotiation & Bargaining, Vendor
relations, Purchasing Methods, Global sourcing.
Principles of Materials Handling system - Materials Handling Equipments – Safety issues.

Recommended Book
1. An integrated approach to Materials Management – Gopalkrishnan & Sundersan
2. Materials Management - Dutta

Reference Books
1. Materials Management – Mr. K. K. Ahuja
2. Purchasing and Materials Management - K S Menon
3. Handbook of Materials Management - Gopalkrishnan
4. Materials & Logistics Management - L.C.Jhamb
5. Introduction to Materials Management – Arnold

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