Topic outline
Chapter 1 Introduction to Materials Management
After going through this chapter, you should be able to:
• Describe the meaning, importance, and functions of materials management.
• Explain the origin and transition of materials management
• State and explain the objectives of materials management.
• Illustrate the concept of an integrated materials management function.
• Explain the major functions of materials management.
Chapter 2 Forecasting
After completing this unit, students will be able to:
• Know Why Forecasting?
• Identify Features of Good Forecasting
• Discuss Steps in Forecasting Process
• Discuss Types of Forecasting
Chapter 3 Purchasing
At the end of this chapter you should be able to:
Define what purchasing mean
Define the rights of purchasing
Identify the role of purchasing in business
Describe the relationship between purchasing and other functional departments
Explain about purchasing policies and purchasing procedures
List types of purchasing
List criteria to select a supplier
Describe value analysis
Chapter 4 Inventory Management
At the end of this chapter you should be able to:
Explain inventory and inventory management
Identify the functions and types of inventory
know independent vs. dependent demand
Compute inventory costs, economic order quantity (EOQ), economic production quantity (EPQ)
Discuss materials requirements planning (MRP), inventory systems, and just in time (JIT)