Inventory Costs. Financial Statements and Inventory. ABC Inventory Control. Variations of the EOQ Model. Quanitity Discounts. Order Point System. Determining Safety Stock.
Determining Service Levels. Different Forecast and Lead-Time Intervals. Determining When the Order Point is Reached. Periodic Review System. Distribution Inventory. Warehouse Management.
Physical Control and Security. Inventory Record Accuracy. Physical Distribution System. Legal Types of Carriage. Transportation Cost Elements.
Materials Handling. Multi-Warehouse Systems. Need for New Products. Product Development Principles. Product Specification and Design. Process Design. Factors Specification and Design. Processing Equipment. Process Systems. Selecting the Process. Just-In-Time Philosophy. Just-in-Time Environment. What Is Quality? Quality Cosr Concepts. Variation as a Way of Life.
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Introduction to Materials Management, 4th Edition. Availability This title is out of print. Overview Features Contents Order Overview.
Description For courses in Materials Management, Production and Inventory Control, and Logistics taught out of business and industrial technology departments. Reviews "Overall, the text remains one of the best, most straightforward texts on the market. NEW - Now includes coverage of: Kanban, supply chain concepts, system selection, theory of constraints, drum-buffer rope, and need for new products. Provides students with comprehensive application of concepts.
New to This Edition. Now includes coverage of: Kanban, supply chain concepts, system selection, theory of constraints, drum-buffer rope, and need for new products.
Previous editions. Introduction to Materials Management, 3rd Edition. Cases vary in level of difficulty, with the more challenging cases requiring students to think about the management issues involved in their decisions on the job. Materials management means different things to different people.
In this text, materials management includes all activities in the flow of materials from the supplier through to the consumer.
Such activities include physical supply, operations planning and control and physical distribution. Other terms sometimes used are business logistics and supply chain management. Often the emphasis in business logistics is on transportation and distribution systems with little concern for what goes on in the factory. While there are chapters in this text devoted to transportation and distribution, most emphasis is placed on operations planning and control.
Distribution and operations are managed by planning and controlling the flow of materials through them and by utilizing the system's resources to achieve a desired customer service level. These activities are the responsibility of materials management, and affect every department in a manufacturing business. If the materials management system is not well designed and operated, the distribution and manufacturing system will be less effective and more costly.
Anyone working in manufacturing or distribution should have a good basic understanding of the factors influencing materials flow. This text aims to provide that understanding. The American Production and Inventory Control Society has defined the body of knowledge, the concepts, and the vocabulary used in production and inventory control.
This is important, not only in developing an understanding of production and inventory control, but in making clear communication possible. Where applicable, the definitions and concepts in the text subscribe to APICS vocabulary and concepts.
The first six chapters of this text cover the basics of production planning and control. Chapter 7 discusses the important factors in purchasing; Chapter 8 is on forecasting. Chapters 9, 10, and 11 look at the fundamentals of inventory management. Chapter 12 discusses physical inventory and warehouse management, and Chapter 13 examines the elements of distribution systems including transportation, packaging, and material handling.
Chapter 14 discusses the factors influencing product and process design. Chapter 15 looks at the philosophy and the environment of Just-in-Time manufacturing. It explains how operations planning and control systems relate to Just-in-Time. Chapter 16 examines the elements of total quality management. The text covers all the basics of supply chain management and production and inventory control. The material, examples, questions, and problems lead the student logically through the material.
The style is simple and user-friendly. Students who have used the material attest to this. Help and encouragement have come from a number of valued sources, among them friends, colleagues, and students. We thank the faculty of other colleges and the many members of APICS chapters who continue to offer their support and helpful advice. Steele, University of South Carolina, for their reviews of the third edition text and suggestions for the fourth edition. I would also like to thank my wife, Vicky Arnold, for her assistance throughout the time Introduction to Materials Management was in preparation.
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