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MATERIALS MANAGEMENT(MM)
INCLUDES
PLANNING
SOURCING
PURCHASING
MOVING
STORING AND
CONTROLLING MATERIALS
OBJECTIVES OF MM
MATERIAL SELECTION
OPERATING COST
CONSISTENT QUALITY
CONTINUITY IN SUPPLY
LOW COST OF POSSESSION
HIGH INVENTORY TURNOVER
VENDOR-VENDEE RELATIONS
STANDARDISATION
SCIENTIFIC SYSTEMS & RECORDS
INTEGRATED MATERIAL
MANAGEMENT
1.
2.
3.
4.
INVENTORY CONTROL
PURCHASING
STORES MANAGEMENT
MATERIALS PLANNING &
CONTROL
1. INVENTORY CONTROL
IDLE RESOURCE OF AN
ENTERPRISE
THIS INVOLVES PYSICAL CONTROL
MATERIALS PRESERVATION OF
STORES, MINIIMISATION OF
OBSOLESCENCE AND DAMAGE
THROUGH TIMELY DISPOSAL AND
EFFICIANT HANDLING
2.PURCHASING
SELECTION OF SOURCES OF
SUPPLY
FINALISATION OF TERMS OF
PURCHASE
PLACEMENT OF PURCHASE ORDERS
FOLLOWUP
MAINTANACE OF SMOOTH
RELATIONS WITH SUPPLAIERS
EVALUATING AND RATING
Purchase parameters
Right place of
delivery
Price
communication
Right sources
Vendor rating
Purchase
research
Right material
Value analysis
stdisation
Right attitude
Training
SWOT
analysis
Materials
intelligens
Right contracts
Legal aspects
Right
transportation
Cost analysis
of
transportation
& logistics
Right time
Re-order point
Lead time
analysis
Right quality
Rejections and
specifications
Right quantity
EOQ &
inventory
models
Right price
Negotiation
Learning curve
TYPES OF PURCHASING
SYSTEM
1.
2.
3.
PRE-PURCHASE SYSTEM
ORDERING SYSTEM
POST- PURCHASE SYSTEM
1.PRE-PURCHASE SYSTEM
REQUISITION
TRAVELLING REQUISITIONS
ENQUIRIES
2.ORDERING SYSTEM
3.POST-PURCHASING SYSTEM
FOLLOW-UP
RECEIPT
INVOICE CHECKING
3.STORES MANAGEMENT
FUNCTIONS OF STORES
TO RECIEVE RAW MATERIALS, COMPONENTS,
TOOLS etc. AND ITACCOUNT THEM.
TO PROVIDE ADEQUATE AND PROPER STORAGE
AND PRESERVATION TO THE VARIOUS ITEMS.
TO MEET THE DEMANDS OF THE CONSUMING
DEPARTMENTS BY PROPER ISSUE AND ACCOUNT
FOR THE CONSUMPTION.
TO MINIMISE OBSOLESECENS,SURPLUS ect.
THANK YOU