ME 1804 E2 : MATERIALS MANAGEMENT 

Syllabus

Module I 
Introduction: Scope, objectives and phases in materials management, Procurement: purchase procedure, tender, earnest money, security deposit, purchase order, vendor rating. Receipt: Invoice, cash memo, inspection. Storage: methods of storage. Selective control techniques of inventory – ABC & VED analysis. Inventory Theory: objectives of keeping inventory, structure of inventory problems and their analysis, relevant cost. 

Module II 
Static inventory problems under risk : general characteristics, Christmas tree problem, total cost matrix, opportunity cost matrix, cost of risk, mathematical formulation of discrete and continuous cases. Dynamic inventory problems under certainty: general characteristics, optimal lot size models with constant demand and infinite delivery rate with and without back ordering, quantity discounts 

Module III 
Dynamic inventory problems under risk: general characteristics, basic kinds of inventory control systems – demand probability distribution – approximate methods to find optimal P & Q systems of inventory, optimal selling policy with fluctuating prices. 

Module IV 
Material requirement planning: master production schedule, bill of materials, inventory stock, files, MRP process, logic and computational procedure using simple example, lot sizing in MRP 
 
References: 
1) A.Deb: Materilas Management-Academic Publishers, Calcutta, India. 
2) Starr & Miller: Inventory control – theory and practive – Prentice Hall of India. 
3) Operations Management : G Monks, Mc Graw Hill 
4) Production & Operations Management , Kanishka Bedi: -Oxford University Press 

Type of Questions for University Examination
Q1. Eight short answer questions of 5 marks each with two questions from each of the four modules. (8x5 = 40 marks) 
Q2 to Q5 : Two questions A & B of 15 marks from each module with option to answer either A or B. (4x15 = 60 marks