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SYLLABUS
                                                Materials Management

          Objectives: The course intends to equip students with updated knowledge of modern materials management concepts and
          aims to develop their functional expertise in the store and purchase management disciplines.

            S. No.                                            Topics
              1.    Introduction: Meaning and Scope, Objectives and Significance of Materials Management, Material Management
                    in Other Areas of Management Functions.
              2.    ABC Analysis: Meaning, Advantages, Objective, Purpose and Limitations, Simple Numerical of ABC Analysis.
              3.    Codification  and  Standardization:  Basis  of  Codification,  Characteristics  of  Good  Coding  System,  Types  of
                    Coding, Standardization and its Benefits.
              4.    Purchasing Management: Objectives and Functions of Purchasing Department, Purchase Policy and Procedure,
                    Negotiations,  Purchase  of  High  Capital  Equipment  and  their  Feasibilities.  Supply  Chain  Management,
                    Implementation of Supply Chain Principles within a Company.
              5.    Suppliers  Selection,  Vendor  Rating  and  Vendor  Rating  Techniques,  Vendors  Development  and  Vendors’
                    Relationship.
              6.    Inventory Management: Different Costs of Inventory, Optimal Order Quantity, EOQ, Inventory Models with
                    Purchase Discounts, Buffer Stocks, Fixed Order Period Model, Safety Stocks, Optimum  Level of Safety Stock,
                    Inventory Control, Elements of Effective Inventory Control, Advantages, Procedure for Setting up an Efficient
                    Inventory  Control  System,  V.E.D.  Analysis,  S.D.E.  Classification,  F.S.N.  Analysis,  X.Y.Z.  Analysis,  Logistics
                    Management and Its Link with Inventory Control and other Areas.
              7.    Value Analysis: Purchasing Research, Price Forecasting, Forward Buying, Make or Buy Decision.
              8.    Stores  Management:  Purpose  of  Store  Management,  Location  and  Layout,  Cost  Aspects  and  Productivity,
                    Problems and Developments, New Developments in Storing.
              9.    Evaluation  of  Materials  Management:  Organization,  Difficulties,  Process  and  Criteria,  Reporting  and
                    Purchasing.
              10.   Computers  in  Material  Management  Electronic  Computer,  Integrated  Computer  System  for  Materials
                    Management, Material Planning.
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