JAWAHARLAL NEHRU TECHNOLOGICAL UNIVERSITY HYDERABAD

Pre-Requisites

NIL

Course Objectives:

• 1. To teach the students on various aspects of materials management like purchasing procedures, and management etc.
• 2. To teach students on store management and inventory, etc.

Course Outcomes

At the end of the course the students will be able to

• 1. List out the various items to be purchase and procurement methods.
• 2. Organize the consumption and inventory of materials at regular intervals, etc.
• 3. Plan store house management for smooth inflow and outflow of the materials.

UNIT - I

INTRODUCTION: Introduction to material management, importance of integrated materials management, need for integrated materials management concept, definition, scope and advantage – an overview, A-B-C analysis, codification, variety reduction, standardisation.

UNIT - II

PURCHASING MANAGEMENT: Material planning and purchase, purchase system, procedures, price forecasting, purchasing of capital equipment, vendor development, account procedure, purchasing decisions, procurement policies.

UNIT - III

WAREHOUSING AND STORE MANAGEMENT: Store keeping principles – past and latest techniques, stores – general layout, cost aspect and productivity, problems and development, store system procedures, incoming material control, store accounting and stock incoming material control, store accounting and stock verification, value analysis.

UNIT - IV

INVENTORY MANAGEMENT: Introduction, basic models, definitions of commonly used terms, replenishment model, choice of systems, etc., inventory work in progress, safety stock, computerisation in materials management, control, information to materials management case study, spare parts management.

UNIT - V

MATERIAL PROCUREMENT PROCEDURES: Arbitration Act – Octroi, central and local sales tax, excise duties – customs tariff, import control policies, procurement from govt, agencies and international market - insurance, DGS and D tariff.

TEXT BOOKS:

• 1. Goplakrishnan, P, and Sundaresan, M. Material Management: An Integrated Approach, Prentice Hall of India Pvt Ltd., New Delhi, 1982.
• 2. Datta, A.K., Materials Management procedure, Test and cases, Prentice Hall of India Pvt Ltd., New Delhi 1984.

REFERENCES:

• 1. Peckam, H.H., Effective Materials Management, prentice Hall Of India Pvt Ltd., 1984.
• 2. Prichard, J.W., and Eagle, R.H. Modern Inventory Management, N,Y., Wiley and Breach Science Publishers, 1972. R18 B.TECH MINING ENGG. III YEAR