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Materials management and operations research.
Focussed on the importance of an integrated approach to materials management within the framework of the Indian environment, this work presents a comprehensive coverage of all aspects of the subject, such as the operational details of stores, purchase and inventory control as well as procedures and modern mathematical concepts. While dealing with policy aspects of materials management, including the concepts of management by objectives, it offers a lucid explanation of the application of modern scientific management techniques.
The book presents the select proceedings of the International Conference on Advancement in Manufacturing Engineering (ICAME) 2022 held at National Institute of Technology Delhi, India, during September 2–3, 2022. It discusses the latest research in the area of industrial and production engineering. Various topics covered in this book are precision engineering, additive manufacturing, computer-aided manufacturing, digital manufacturing, intelligent control systems and optimization, flexible manufacturing system, smart manufacturing, hybrid machining, smart materials, polymers, ceramics and composites and their processing, energy harvesting materials, design thinking and prototyping, product life cycle strategies, Industry 4.0, etc. The book is useful for researchers and professionals working in the area of industrial and production engineering.
This comprehensive research based, well received book, now in its Second Edition, continues to provide the most complete up-to-date coverage of the materials management discipline. It is the result of intensive and in-depth interactions of the authors with academic community, IIMM professionals as well as senior executives involved in materials, inventory, warehousing, logistics, supply chain, working capital and top management. This title reflects the wealth of experience gained by the authors in India and abroad in training, research, teaching and consultancy. This well-organised comprehensive book clearly analyses all the concepts, processes and applications of Materials Management, Supply Chain Management, Logistics Management, and Multimodal Transport. It covers basic principles and practices concerning these areas as well as to its application in Indian conditions. This textbook describes the concept of integrated materials management with the help of diagrams, charts, photos and solved examples, covering all the aspects of materials management. It provides a number of solved practical problems and examples for better comprehension. The suggestions of practising professionals, academicians and researchers have been appropriately incorporated in this book. An attempt has been made to strike a balance between conceptual frameworks and practical aspects of materials and its management. Intended primarily as a textbook for graduate students pursuing materials management courses in Indian universities, this comprehensive title will also serve as a ready reckoner for the executives practising in areas such as materials, logistics, SCM, purchase, warehousing and inventory management. The students of business management, engineering, Indian Institute of Materials Management (IIMM) diploma and other related programs/courses will find this book extremely useful.
The concept of Operations Management is universally applicable to all functions including Production, Materials, Human Resources, Marketing, Logistics and Supply Chain Management. Operations Management is an effective and efficient way of carrying out a business process (manufactur-ing or service sector) aimed at maximization of Customer Satisfaction and Return On Investment. The concept of productivity implies effectiveness and efficiency in individual and organizational performance, reflected in the creation of surplus through productive operations. This book provides readers with an easy-to-understand treatment of all aspects of Operations Management and explains the expanded coverage of the role of Operations Management in the organization. Manufacturing and service operations are given equal treatment. While focusing on the basic principles and core operations in a straightforward and well structured style, the book provides students with an understanding of managing operations, effectively and efficiently, in the following areas: Total Quality Management Statistical Process Control Total Productive Management Service Quality Management Supply Chain Management Inventory Management Written for MBA students as well as for B.Tech. students in Mechanical/Production/Industrial engineering, this book covers the curriculum of different universities for a course in Operations Management.
This 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. The book adopts a comprehensive, integrated systems approach and covers almost all aspects of materials, considering the specification, procurement, storage, handling, issue, use and accounting of materials to get the most out of every dollar invested. Combining conceptual clarity and quantitative rigor, it will be a highly useful guide for practicing managers, academics and researchers in this vital functional area.