Materials Management: An Integrated Systems ApproachThis book examines the problem of managing the flow of materials into, through, and out of a system in order to improve the efficiency and effectiveness of materials management. The subject is crucial for global competitive advantage, as materials constitute the largest single cost factor in manufacturing and service, and their effective management enhances value for money. In this context, inventory is a barometer of materials management effectiveness, along with wastage of materials. |
Contents
1 | |
20 | |
Selective Inventory Management | 37 |
Static Inventory Models Single Purchase Decisions | 51 |
Dynamic Inventory Models Aggregate Analysis | 67 |
Deterministic Inventory Models | 80 |
Dynamic Inventory Models with Quantity Discounts | 105 |
Probabilistic Inventory Models | 122 |
Storage and Warehousing | 243 |
Purchasing Policies and Processes | 263 |
Incoming Materials Quality Assurance | 287 |
Make or Buy Decisions Outsourcing Strategy | 303 |
Source Selection Performance Rating and Development | 317 |
Value Analysis for Material Cost Reduction | 338 |
Systems Approach and Supply Chain Management | 357 |
Evaluation of Materials Management Effectiveness | 379 |
JustinTime MRP and Lean Supply Chains | 151 |
Inventory Management of SlowMoving Materials | 175 |
Multiechelon Inventory Models | 194 |
Material Specification Codification and Standardization | 211 |
Management of Material Waste | 225 |
Appendices | 393 |
Glossary of Key Terms | 399 |
402 | |
403 | |