Course Outline
 

 

Material Management
  • Explains the concept of Material Manageent
  • Illustrates about the primary and secondary objectives of Material Management
  • Explains the functions of Material Management such as Material Planning, Scheduling, Inventory Control, Purchasing, Warehousing, Store Management etc
  • Illustrates the operational aspects of Materials Management
  • Describes the steps involved in organisation of Materials Management function
  • Explains the need, scope and functions of Integrated Materials Management
  • Describes the advantages of integrated Materials Management
Materials Planning
  • Explains the need for material Planning
  • Explains the internal and external factors affecting Material Planning
  • Illustrates the tools of Material Planning such as Bill of Material technique and Past Consumption Analysis Technique
  • Explains the principles and procedure involved in Material Planning
  • Explains the process involved in Material Planning
  • Explains the basic concepts of MRP such as lumpy demand, lead times, input to MRP, master production scheduling etc
  • Explains the Computer Application to MRP Process and its features
  • Explains the process involved in Database recording and maintenance in MRP system
  • Describes Independent and dependent MRP system
Materials Budgeting
  • Explains the basic concepts and techniques involved in drawing Materials Budget
  • Explains the factors governing Materials Budget such as past rate of consumption, investment pattern etc
Material Classification, Standardization and Codification
  • Explains the process of material classification for variety reduction
  • Explains the process of material classification on the basis of Value Analysis
  • Explains the basic concepts of codification
  • Illustrates the advantages and disadvantages of codification
  • Describes the system of codification such as Arbitrary system, Alphabetic system, Numerical system, Decimal system
  • Explains the process of marking of stores and process of maintaining store vocabulary
  • Explains the Classification by codification
  • Explains the objectives and scope of standardization
  • Illustrates the advantages and scope of standardization
  • Explains the different levels of standard such as individual, company, industry, national and international standards
  • Illustrates the concept of Variety of reduction, steps involved in variety control and different areas of variety reduction
Material Handling
  • Explains the importance and objectives of Material Handling
  • Explains the cost involved in material handling
  • Illustrates the methods and practices involved in Material Handling
  • Explains the methods involved in material handling
  • Illustrates types of materials, stages of handling, unloading methods, process of unitized loading
  • Describes the various equipments for Material Handling and procedure of selection of equipments
  • Explains the basic concepts of containerizations, types of containers and underlying issues
  • Explains the process of handling surplus and obsolete material
  • Describes the techniques of grouping of material and their disposal strategy
  • Explains the process of reducing damage and pilferage losses
  • Explains the process of material handling cost analysis involving examination of ratios for material handling labour, direct labour handling loss, movement/operation, manufacturing cycle efficiency etc.
Stores Management and Warehousing
  • Explains the various stores functions and the objectives of store management
  • Explains the relationship between stores and other departments
  • Explains the different types of stores – Centralized and decentralized
  • Illustrates the various functions of stores and the elements required for store organisation
  • Explains different types of stores layout, types of stores building, categorization of mediums for storage
  • Explains the need, purpose and procedure of physical verification of stock
  • Explains procedure of valuation of material issues
  • Explains the various factors affecting successful Store-keeping such as situation, layout, management, verification etc
  • Illustrates about the objectives of Warehouse Management System (WMS)
  • Explains the principles involved in operating a warehouse such as design criteria, handling technology and storage plans
  • Describes the integrated strategies for warehousing
  • Describes the steps involved in planning the warehouse distribution such as site selection, product mix consideration, material handling system etc
  • Describes the process of designing warehouse layout depending upon the product deterioration and pilferage protection
  • Explains the objectives and types of automatic warehousing
  • Describes the pre-condition for automatic material handling
  • Describes the various schemes of automatic warehousing
Inventory Management
  • Explains the different types of inventory depending on the type of material, availability and demand
  • Explains the different types of costs incurred in inventory management such as cost of ordering, inventory carrying cost and cost of shortage
  • Illustrates the various factors affecting inventory costs such as market characteristics, sales characteristics etc
  • Explains the various forms of deterministic inventory management models – Classic EOQ Model, EOQ Model with quantity discount, EOQ Model with safety stocks, EOQ Model with safety stocks and service level and EOQ Model with replenishment system
  • Explains the various forms of probabilistic inventory management models considering the impact of demand and lead time uncertainties
  • Illustrates the various techniques of Inventory Control such as ABC analysis, VED analysis, GOLF analysis, HML classification, SDE classification, FSN classification etc
  • Explains the dynamics of Inventory Performance Measurement through Ratio Analysis approach
Purchase Management System
  • Illustrates the fundamental objectives of Purchasing
  • Functions and responsibilities of Purchase Department in terms of studying the market and sources of supply
  • Illustrates the various methods of purchasing such as purchase made strictly by requirement, purchase done for a specified period, market purchasing, contract purchasing etc
  • Explains the basic structure and organsation of Purchase Department
  • Explains the elements of JIT production system such as waste elimination, workers dedication, TQM, parallel processing, e-commerce and JIT purchasing etc
  • Explains the prerequisites for JIT purchasing system
Vendor Management
  • Explains system of Vendor performance evaluation
  • Illustrates the parameters for evaluation of Vendors Performance
  • Explains the basic concept of Social Audit and internal provisions of Companies Act
  • Explains the evaluation of organisation climate, saving – Purchasing Performance of an organization in terms of etc
  • Explains the evaluation of Quantitative Objects in terms of minimization of material cost, maximization of cost reduction, adherence to operational budget etc
  • Illustrates the guidelines for purchase through tender and negotiation tender committee such as negotiation, delayed tenders, price preferences, price escalation etc.
  • Explains the procedure of purchase review and review of purchase order on the basis of value-wise analysis, time analysis, nature of tenders, purchase through negotiation etc.,
Value Analysis System
  • Explains the aim and application of value analysis
  • Explains the procedure and phases of analysis involving information phase, speculative phase, analysis phase, planning phase, summary and execution phase.
  • Explains the advanced tools used in Value analysis approach
Negotiation Skills
  • Explains the basics of negotiation such as why and when negotiation takes place
  • Explains the strategies and the steps involved in negotiation such as assessing the vendor, customer related factors, competitors related factors, company policies etc
  • Illustrates the various tactics and guidelines that a negotiator must follow at the time of purchase
  • Explains the techniques of purchase negotiation
Quality Control
  • Explains the various components and characteristics of quality in terms design, specification, availability, after sale service etc
  • Explains the reasons and types of quality losses in terms of tangible and intangible losses
  • Illustrates the objectives and functions of quality control in terms of specifications, manufacture control, design audit, quality review and quality planning etc
  • Explains the concepts of acceptance sampling – sampling plans, lot acceptance and acceptance control techniques etc
  • Explains the procedure of double and multiple Sampling
  • Illustrates the analysis and interpretation of OC and AOQ Curve
Stock Keeping and Accounting
  • Explains the procedure of maintaining record in the database system and working of the system
  • Describes the various types of reports and methods of their preparation
  • Explains the steps involved in generating computer outputs
  • Illustrates the process of managing queries
Legal Framework
  • Defines a contract and requirements of a valid contract
  • Illustrates the different types of contracts such as oral and written, express and implied contracts, bilateral and unilateral contracts etc
  • Explains the reasons for termination of contracts such as termination by performance, by release, by impossibility of performance, by mutual agreement, by novation etc
  • The Indian Contract Act, 1872
  • The Sales of Goods Act, 1930
  • Explains the special purchase contracts such as rate contract, works contract and hire-purchase contract
  • Explains the process involved in Goods Delivery and consideration made at the time of delivery such as quality of delivery, time of delivery, etc

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