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

Presenting an alternate approach to supply chain management, Lean Supply Chain Management Essentials: A Framework for Materials Managers explains why the traditional materials planning environment, typically embodied by an Enterprise Resource Planning (ERP) system, is an ineffective support system for a company that wants to adopt Lean practices.

Focussed on the importance of an integrated approach to materials management within the framework of the Indian environment, this work presents a comprehensive coverage of all aspects of the subject, such as the operational details of stores, purchase and inventory control as well as procedures and modern mathematical concepts. While dealing with policy aspects of materials management, including the concepts of management by objectives, it offers a lucid explanation of the application of modern scientific management techniques.

Supply chain management, rapidly-advancing and growing ever more important in the global business climate, requires an intense understanding of both underlying principles and practical techniques. Including both a broad overview of supply chain management and real-world examples of SCM in companies ranging from small to large, this book provides students with both the foundational material required to understand the subject matter and practical tips that demonstrate how the latest techniques are being applied. Spanning functional boundaries, this well-regarded book is now in its second edition and has quickly become a standard course text at many universities. This newest edition continues to provide a balanced, integrative, and business-oriented viewpoint of the material, and deeply explores how SCM is intertwined with other organizational functions. New material has been added to address the importance of big data analytics in SCM, as well as other technological advances such as 3-D printing, cloud computing, machine learning, driverless vehicles, the Internet of Things, RFID, and others.

Materials Management has undergone a sea change in recent years because of its vast possibilities to contribute towards the corporate goals of productivity, profitability and growth.To keep abreast of the changes and emerging trends in the field of Materials Management, this New Edition has been thoroughly revised and updated with the latest procedures and theories. Divided into five parts, the text gives exhaustive coverage to the operational details of stores and purchases, standardization and quality control, value analysis and value engineering as well as the legal aspects of purchasing and the technicalities of warehousing.A great amount of new material and some new chapters have been incorporated in the text to suit the particular needs of students of management courses of the Indian universities.

A solid introduction to materials management and the tools needed to create a world-class materials management program This nuts-and-bolts guide presents an overview of the inner workings of the materials process, as well as the best practices to achieve a world-class operating system that will help to eliminate ineffective materials management. Coverage includes discussion of material requirements planning, planning parameters, electronic data interchange, and material control graphs and reports, among many other topics. Thorough and practical, Materials Management explains the impact that inadequate inventory control has on a company and how these poor controls can reduce production, cause inefficiencies in labor, create excessive inventory, and increase freight expenses. Stan McDonald (Northville, MI) is an independent consultant on materials management. Throughout his 30-year career, he has held various positions in the supply chain/materials management arena.

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 has transitioned to SAP S/4HANA--let us help you do the same! Whether your focus is on materials planning, procurement, or inventory, this guide will teach you to configure and manage your critical processes in SAP S/4HANA. Start by creating your organizational structure and defining business partners and material master data. Then get step-by-step instructions for defining the processes you need, from creating purchase orders and receiving goods to running MRP and using batch management. The new MM is here! Material master data Business partner master data Batch management Purchasing Quotation management Material requirements planning (MRP) Inventory management Goods issue/goods receipt (GI/GR) Invoicing Valuation Document management Reporting