This textbook, now in its third edition, continues to provide a compre-hensive coverage of the different aspects of materials management in a student-friendly manner. The book gives a clear introduction to materials management, and discusses topics such as classification, codification, specifications and standardization of materials, which aid in effective purchasing. In view of their economic importance, materials planning and budgeting too have been covered in sufficient detail. Besides explaining the fundamental principles of stores management and materials handling, the text gives an in-depth analysis of inventory control with several illustrative examples. It also highlights the principles of purchasing, nature of purchasing process, value analysis and quality assurance. Intended primarily for the undergraduate and postgraduate students of production engineering/industrial management and engineering, and postgraduate students of management, this book would also be useful to the practising managers. New to this edition • Incorporates two new chapters on: – Supply Chain Management covering practically all the aspects of SCM – Customer Relationship Management • Includes four new case studies pertaining to inventory control applied to supply chain management

This comprehensive research based, well received book, now in its Second Edition, continues to provide the most complete up-to-date coverage of the materials management discipline. It is the result of intensive and in-depth interactions of the authors with academic community, IIMM professionals as well as senior executives involved in materials, inventory, warehousing, logistics, supply chain, working capital and top management. This title reflects the wealth of experience gained by the authors in India and abroad in training, research, teaching and consultancy. This well-organised comprehensive book clearly analyses all the concepts, processes and applications of Materials Management, Supply Chain Management, Logistics Management, and Multimodal Transport. It covers basic principles and practices concerning these areas as well as to its application in Indian conditions. This textbook describes the concept of integrated materials management with the help of diagrams, charts, photos and solved examples, covering all the aspects of materials management. It provides a number of solved practical problems and examples for better comprehension. The suggestions of practising professionals, academicians and researchers have been appropriately incorporated in this book. An attempt has been made to strike a balance between conceptual frameworks and practical aspects of materials and its management. Intended primarily as a textbook for graduate students pursuing materials management courses in Indian universities, this comprehensive title will also serve as a ready reckoner for the executives practising in areas such as materials, logistics, SCM, purchase, warehousing and inventory management. The students of business management, engineering, Indian Institute of Materials Management (IIMM) diploma and other related programs/courses will find this book extremely useful.

Materials management is an essential business function. It is concerned with managing materials, one of the four basic resources (labour, material, equipment, capital). Until recently, it was concerned with purchasing raw materials and very few parts from local markets. Raw materials were used to make most of the parts for making end products. Materials management was regarded as a routine function and was given less importance. But over the years, firms began to procure more and more parts and subassemblies from local as well as global markets. Today over 50% of the revenue of the firms goes for procuring materials, parts and subassemblies from outside. As a result, materials management function has evolved from a clerical buying function into a strategic business function that helps firms to survive and grow. It creates competitive edge by creating superior value by delivering quality product or service on time and offering lower cost by cutting its own cost as well as cutting purchased item cost.Very few of the available texts offer a comprehensive view of the subject & data and examples and cases in the context of Indian industries are limited.The contents of the subject are undergoing rapid changes. Earlier, purchasing was mostly confined to raw materials by manufacturing firms whereas now a large part of it consists of parts, subassemblies and assemblies, beside raw materials. A smaller number of suppliers are preferred now-a-days. Global sourcing is an accepted norm. A change in supplier relations from adversarial to partnership is evident. Lot sizes and lead-times are smaller and there is greater use of information technology.The book is designed to provide comprehensive coverage of the field of materials management by including emerging concepts, practices, tools, techniques, heuristics and quantitative models. Other features of the book include:v Important topics like outsourcing, purchase strategies and enterprise resource planning.v Cases from Indian industries on vendor managed inventory, outsourcing, and spare parts inventory.v Definition of key terms.v Questions at the end of each chapter and answers of selected questions.The book can serve as a text for undergraduate and postgraduate level courses on materials management in the institutes of management, engineering and technology, materials, industrial engineering, operations research and others. It can also serve as a reference for managers, engineers, consultants, and others interested in the field.

For all courses in Materials Management, Production, Inventory Control, and Logistics taught in business and industrial technology departments of community colleges, four-year colleges, and universities. Introduction to Materials Management, Seventh Edition covers all the essentials of modern supply chain management, manufacturing planning and control systems, purchasing, and physical distribution. Clearly written and exceptionally user-friendly, its content, examples, questions, and problems lead students step-by-step to mastery. This edition’s extensive updates include: new techniques, technology, and case studies; reorganized and expanded coverage of lean production and JIT manufacturing; new information on sustainability and “green” production; use of INCOTERMS for global supply chains; revised end-of-chapter problems, and more. Widely adopted by colleges and universities worldwide, this is the only APICS-listed reference text for the Basics of Supply Chain Management (BSCM) CPIM certification examination.

This is the eBook of the printed book and may not include any media, website access codes, or print supplements that may come packaged with the bound book. For all courses in Materials Management, Production, Inventory Control, and Logistics taught in business and industrial technology departments of community colleges, four-year colleges, and universities. Introduction to Materials Management, Seventh Edition covers all the essentials of modern supply chain management, manufacturing planning and control systems, purchasing, and physical distribution. Clearly written and exceptionally user-friendly, its content, examples, questions, and problems lead students step-by-step to mastery. This edition’s extensive updates include: new techniques, technology, and case studies; reorganized and expanded coverage of lean production and JIT manufacturing; new information on sustainability and “green” production; use of INCOTERMS for global supply chains; revised end-of-chapter problems, and more. Widely adopted by colleges and universities worldwide, this is the only APICS-listed reference text for the Basics of Supply Chain Management (BSCM) CPIM certification examination.

The book addresses the unprecendented changes occuring in manufacturing that are being brought about by quality management. This book is covering their use, transformation, distribution and their flow to, within and from the organization. The implementation of material management offers enterprises a high potential for realizing new economic competitive advantages. The eco-efficient optimization of material flows aims at reducing costs while simulataneously achieving long-term sustainablility with regard to ecological and societal aspects. This book summarises the fundamental concepts and tools of material management and presents the newest methods and findings. The book thereby provides an up-to-date overview of the subject of material management for science and practice. The book is beneficial for practitioners and advances students involved in operations, inventory control, production control, and physical supply in manufacturing.

The full text downloaded to your computer With eBooks you can: search for key concepts, words and phrases make highlights and notes as you study share your notes with friends eBooks are downloaded to your computer and accessible either offline through the Bookshelf (available as a free download), available online and also via the iPad and Android apps. Upon purchase, you'll gain instant access to this eBook. Time limit The eBooks products do not have an expiry date. You will continue to access your digital ebook products whilst you have your Bookshelf installed. For all courses in Materials Management, Production, Inventory Control, and Logistics taught in business and industrial technology departments of community colleges, four-year colleges, and universities. Understand all elements of production planning and control, and how they fit together with Introduction to Materials Management. Clearly written and exceptionally user-friendly, this text covers all the essentials of modern supply chain management, manufacturing planning and control systems, purchasing, and physical distribution. Content, examples, questions, and problems lead students step-by-step to mastery. Widely adopted by colleges and universities worldwide, this is the only APICS-listed reference text for the Basics of Supply Chain Management (BSCM) CPIM certification examination.