Materials Management
An Integrated Systems Approach
Samenvatting
This book examines the problem of managing the flow of materials into, through, and out of a system in order to improve the efficiency and effectiveness of materials management. The subject is crucial for global competitive advantage, as materials constitute the largest single cost factor in manufacturing and service, and their effective management enhances value for money. In this context, inventory is a barometer of materials management effectiveness, along with wastage of materials.
The book adopts a comprehensive, integrated systems approach and covers almost all aspects of materials, considering the specification, procurement, storage, handling, issue, use and accounting of materials to get the most out of every dollar invested. Combining conceptual clarity and quantitative rigor, it will be a highly useful guide for practicing managers, academics and researchers in this vital functional area.
Specificaties
Inhoudsopgave
2. Basic Concepts in Inventory Management
3. Selective Inventory Management
4. Static Inventory Models – Single Purchase Decisions
5. Dynamic Inventory Models: Aggregate Analysis
6. Deterministic Inventory Models
7. Dynamic Inventory Models with Quantity Discounts
8. Probabilistic Inventory Models
9. Just-In-Time, MRP and Lean Supply Chains
10. Inventory Management of Slow Moving Materials
11. Multi-Echelon Inventory Models
12. Material Specification, Codification and Standardization
13. Management of Material Waste
14. Storage & Warehousing
15. Purchasing: Policies and Processes
16. Incoming Material’s Quality Assurance
17. Make or Buy Decisions: Outsourcing Strategy
18. Source Selection, Performance Rating and Development
19. Value Analysis for Material Cost Reduction
20. Systems Approach and Supply Chain Management
21. Evaluation of Materials Management Effectiveness
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