Page 165 - DMGT525_MATERIALS_MANAGEMENT

Materials Management

Notes 8. What are the different reason for make or buy decisions?
9. What are the factors that are needed to be analyzed before arriving at a make or buy
decision?

10. Write a short note on:
(a) Price forecasting
(b) Forward buying
(c) Technical analysis.

Answers: Self Assessment

1. R&D 2. Company requirements

3. Price levels 4. Technical
5. Fundamental 6. Price
7. Forward Buying 8. Ethicality

9. Lean production 10. Economic viability
11. Supplier’s 12. Increases
13. Expansion 14. Quality
15. Single-source

11.7 Further Readings

Books Ramakrishnan. R V, Tony Arnold. J R (2007). “Introduction to Materials
Management”. Pearson
K. Shridhar Bhat, “Production and Materials Management”. Himalaya Publishing
House

Chary. S.N., “Production and Operations Management”. Tata McGraw Hill
Gopalkrishanan. P, Sundaresan. M, “Materials Management: An Integrated
Approach”. PHI Learning Pvt. Ltd.

Online links http://money.stackexchange.com/questions/16187/methods-for-forecasting-
price
http://www.marketingpower.com/AboutAMA/Pages/AMA%20
Publications/AMA%20Journals/Journal%20of%20Marketing% 20Research/
TOCs/SUM_2010.1/Forward_Buying_by_Retailers.aspx
http://www.enotes.com/make-buy-decisions-reference/make-buy-decisions
http://www.decisioncraft.com/dmdirect/forecastingtechnique.htm

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