Materials Management

activities addition average backlog basic bids blanket order business cycle buyer buying calculate carriers carrying cost cents changes commodity common carriers company's competition components contract Corporation critical ratio customers decisions delivery demand economic economic order quantity engineering equipment estimate example Figure firm forecast Gantt chart industry inventory control inventory turnover investment labor lead machine major manufacturing materials department materials management ment milling machine months Motors naphthalene needed negotiation objectives operating order quantity organization overall overhead percent performance period personnel plant possible probably problem production control profit center purchase order purchased materials purchasing agent purchasing department purchasing manager Queenstown raw materials reduce responsible safety stock schedule scrap sell seller ship shipments specifications standard standard deviations steel stockout supplier supply tion Tottenham Hale traffic truck units usage usually value analysis vendor weeks