For the Students of B.E./B.Tech. and M.Tech. (Production and Industrial Management) also useful for BBA and MBA Courses.
The book begins with the concept and objectives of purchasing and moves on to discuss such topics as classification, codification, specifications and standardization of materials, which aid in effective purchasing, in view of their economic importance.
• Material Management • Integrated Materials Management • Computer Application and System Analysis for Material Management • Standardization and Variety Reduction • Classification and Codification of Materials • Materials Planning and Budgeting • Stores and Stores Management • Automatic Storing and Warehousing • Stores in Stock Yards • Preservation of Materials • Materials Handling • Inventory Planning and Control • Inventory Management Models • Selective Inventory Control • Make or Buy Decisions • Purchasing Principles, Procedure and Organization • Vendor Evaluation and Performance Rating • Value Analysis (VA) • Just-in-Time Purchasing • Purchasing Negotiating Skills • Quality Control in Material Management • Surplus, Obsolete and Waste Management • Stock Maintenance and Accounting • Legal Aspects in Purchasing • Cases and Review Questions