Overview of Material Management
Definition of Material Management and its Scope; Relation of Supply Chain Management with Material Management; Quality Assurance; MIS in Material Management; Organization of Material Functions; Material Planning; Overview of Material Requirement Planning.
Purchasing Procedures; Purchase Source Selection; Price Forecasting; Purchasing of Seasonal Commodities; Purchasing under Uncertain Situations; Purchasing Capital Equipment; International Purchasing; Preparing Purchase Documents; Purchasing Ethics; Negotiations; Vendor Management; E-commerce and Purchase Management
Definition of Store Management; Store Procedures; Incoming Material Control; Stock Accounting and Verification; Material Handling; Scrap Disposal; First in and First out; MIS Systems in Store Management; Documentation in Store Management; TQM Procedures in Store Management
Importance of Inventory Control; Inventory Classification; Inventory Valuation; Working Capital Requirement and Inventory Control; Economic Order Quantity Model; Codification; Catalogue Analysis; Value Engineering; Standardization; ABC Analysis; XYZ Analysis; Case Studies of Maruti Udyog and Asian Paints
Input Systems of Inventory Management
Glossary of Material Management Terms; ABC Inventory Control; Sampling Plan; Acceptance Situations; Administered Price; Activity based Costing; Accounting Systems; Equation Cost; Acquisition Cost; Advance Payment; Airway Bill; Foreign Exchange Regulations.
Importance of Material Management
Evolution of Material Management into an Exacting Science; Knowledge Management in Material Management; Material Management and Material Science; Just In and Just Out; Import and Export Documentation in Material Management; Backward Integration and Material Management; Excise Documentation; Duty Drawbacks in Materials.
Importance of E-commerce
Definition of E-Procurement; Components of E-Procurement; Advantages of E Procurement; Improving Profits through E-Procurement; Implementation of E Procurement; Assessing an E- Procurement Package; Economics of Choosing an E Procurement Package; Expertise Needed for E-Pr Commerce
ERP and its Implementation
Definition of ERP; Importance of ERP; Globalization and ERP; Documentation and ERP; Evolution of ERP; ERP Developing as an Exacting Science; Selecting the Software; Cost of Implementation