Operations Management
 |
Details
Textbook:
Pages : 329;
Paperback;
210 X 275 mm approx.
Workbook:
Pages :
239; Paperback;
210 X 275 mm approx, Sample Applied Theory Questions
Courier charges extra
Pricing
Textbook Price: Rs. 900;
Workbook Price: Rs. 700;
Available only in INDIA
Detail Table of Contents
Click below to view
HTML
Materials Management : Chapter 12
SUMMARY:
Every organization invests a considerable amount of capital on materials. In many cases, the cost on materials exceeds 50 percent of the total cost of goods produced. Such a large investment requires considerable planning and control so as to minimize wastage. Materials management encompasses all operations management functions from purchasing to the final delivery of the end items.
|
|
objective of the production control function is to regulate the flow of materials throughout the manufacturing cycle. The departments that are part of the production control function are the purchasing, receiving, raw materials inventory and production departments. The inventory control function covers raw materials inventory, the production department and the finished goods department.
The materials management function handles the physical movement of materials into, through and out of the firm. The departments that are involved in material handling functions are the purchasing, receiving, raw material inventory, production, finished goods inventory, shipping, distribution and warehouse departments.
Storage of materials is an important aspect of materials management. All types of materials such as raw materials, work-in-progress, finished goods, spare parts and other consumable goods are stored such that they are easily avaialble whenever and wherever required. Usage of technology has improved the efficiency of the material handling. The technologies that are commonly used in materials handling are robots, automated guided vehicles, and automated storage and retrieval systems. Techniques used in the management and control of material in an organization include the Kanban system, the ABC classification system and JIT purchasing.
Through proper management and control of materials, an organization can achieve significant cost saving, reduction in lead time, improvement in production efficiency and reduction in wastage.
