The book gives a clear introduction to materials management, and discusses topics such as classification, codification, specifications and standardization of materials, which aid in effective purchasing. In view of their economic importance, ...
materials planning and budgeting too have been covered in sufficient detail. Besides explaining the fundamental principles of stores management and materials handling, the text gives an in-depth analysis of inventory control with several illustrative examples. It also highlights the principles of purchasing, nature of purchasing process, value analysis and quality assurance. In the second edition, five new chapters on capital purchasing, Government purchasing, international purchasing, import substitution, and logistics, warehousing and distribution management have been added to cater to the needs of the students. Besides, chapter-end review questions have been added to probe a student's grasp of the subject matter. Intended primarily for the undergraduate and postgraduate students of production engineering/industrial management and engineering, and postgraduate students of management, this book should also prove useful for the practising managers. Key Feature Contemporary supply management approach Novel approach to negotiation and buyer-seller relationship Focus on import purchasing with respect to present international business scenario Emphasis on the difference of purchasing procedure between capital equipment Focus on Governmental (DGS&D) purchasing Case studies to supplement the theoretical aspects
Number of pages: 464
Date of publication: 01/03/2011
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