Materials Management & Inventory Control

Materials Management & Inventory Control, available at Free, has an average rating of 3.21, with 6 lectures, based on 165 reviews, and has 2949 subscribers.

You will learn about Students will learn the basics of Materials Management and Inventory Control along with its objectives, Methods, Merits and Demerits Methods of Inventory Control are described briefly with the solved examples. This will surely help learners to clarify the doubts about material Management. This course is ideal for individuals who are Second year and Third Year Engineering Students It is particularly useful for Second year and Third Year Engineering Students.

Enroll now: Materials Management & Inventory Control

Summary

Title: Materials Management & Inventory Control

Price: Free

Average Rating: 3.21

Number of Lectures: 6

Number of Published Lectures: 6

Number of Curriculum Items: 6

Number of Published Curriculum Objects: 6

Original Price: Free

Quality Status: approved

Status: Live

What You Will Learn

Students will learn the basics of Materials Management and Inventory Control along with its objectives, Methods, Merits and Demerits
Methods of Inventory Control are described briefly with the solved examples. This will surely help learners to clarify the doubts about material Management.

Who Should Attend

Second year and Third Year Engineering Students

Target Audiences

Second year and Third Year Engineering Students

Materials management is an important function of an organization covering various aspects of input processes such as raw materials, procurement of machines,, equipment and spare parts for the establishment and maintenance of plant. Thus in a production process materials management can be considered as preliminary to transformation process.

Materials Management involves planning, directing controlling and coordinating those activities which are concerned with materials and inventory requirements, from the point of their inception to their introduction into the manufacturing process.

it begins with the determination of materials quality and quantity and ends with its issuance to production to meet customer’s demand as per schedule and the lowest cost.

Thus we can say that Materials Management is a basic function of the business that adds value directly to the product itself.

In second phase of the topic, we are going to discuss about Inventory Control. It is an important function under materials management. It is used to maximize the inventory of company. The goal of inventory is to generate the maximum profit from the least amount of inventory investment without intruding upon customer satisfaction levels. It is such a critical piece of organization’s operations that it is too important to leave to human error or a system.

We are going to discuss about the methods of inventory control namely, ABC Analysis and EOQ Method. Information about the methods, its advantages and disadvantages will be discussed in the session along with examples on both methods.

Course Curriculum

Chapter 1: Introduction

Lecture 1: Introduction

Lecture 2: Lecture 2: Materials Management

Lecture 3: Lecture 3: Inventory Control

Lecture 4: Lecture 4: ABC Analysis

Lecture 5: Lecture 4a: Example of ABC Analysis

Lecture 6: Lecture 6: EOQ

Instructors

Snehal Chaudhari
Professor at K.K.W.I.E.E.R.

Rating Distribution

1 stars: 6 votes
2 stars: 14 votes
3 stars: 40 votes
4 stars: 59 votes
5 stars: 46 votes

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