Page 197 - DMGT525_MATERIALS_MANAGEMENT

Materials Management

Notes Integrated System: Integration system is the bringing together of the component subsystems
into one system and ensuring that the subsystems function together as a system.
Just-in-Time (JIT): Just in time is a production strategy that strives to improve a business return
on investment by reducing in-process inventory and associated carrying costs.
Materials Planning: The materials management function is that attempts to coordinate materials
supply with materials demand.

14.7 Review Questions

1. Discuss the role of computers in material management.
2. What are the benefits of using computers in management of materials?

3. Discuss the inherent weaknesses of the computers in context of materials management.
4. What is the significance of electronic computers in materials management?
5. What is the biggest pitfall in electronic data processing?
6. What is the meaning of MRP?
7. Briefly describe MRP2.

8. What is the main objective of integrated system in materials management?
9. Write a short note on Computer-Aided Materials Management (CAMM).
10. What is just in time inventory system?

Answers: Self Assessment

1. Materials 2. Commercially

3. MRP 4. Programs
5. Complexity 6. Data
7. Stock 8. Purchase
9. Organic 10. Inventory

11. Information 12. Environmental
13. Formulate 14. Push, pull
15. Working 16. Forecasting, programming

14.8 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.

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