Professional Documents
Culture Documents
Test Details:
Duration: 60 minutes No. of questions: 50 Maximum marks: 50, Passing marks: 25 (50%); There is no negative marking in this module.
Fee Structure:
Rs. 2,500/- (Includes all taxes)
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Table of Content
1. Materials Materials Management
1.1 Objectives of Materials Management 1.2 Functions of Materials Management 1.3 Organisation of Materials Management 1.4 Need, Scope and Functions of Integrated Material Management
3. Materials Budgeting
3.1 Basic concepts of Materials Budgeting 3.2 Factors affecting Materials Budget 3.3 Materials Budgeting and Accounting
5. Material Handling
5.1 Importance and Objectives of Material Handling 5.2 Methods and Practices of Material Handling 5.3 Equipments for Material Handling 5.4 Containerizations 5.5 Waste Management - Surplus and Obsolete www.vskills.in
7. Inventory Management
7.1 Types of Inventory 7.2 Types of Inventory Costs and factors affecting 7.3 Inventory Management Models Deterministic and Probabilistic Models 7.4 Techniques of Inventory Control 7.5 Inventory Performance Measurement (Ratio Analysis)
9. Vendor Management
9.1 System of Vendor evaluation 9.2 Parameters for evaluation of Vendors Performance 9.3 Social Audit 9.4 Total evaluation Purchasing Performance, Quantitative Objects etc 9.5 Guidelines for purchase through tender and negotiation tender committee 9.6 Purchase Review
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Course Outline
Material Management
Explains the concept of Material Manageent Illustrates about the primary and secondary objectives of Material Management Explains the functions of Material Management such as Material Planning, Scheduling, Inventory Control, Purchasing, Warehousing, Store Management etc Illustrates the operational aspects of Materials Management Describes the steps involved in organisation of Materials Management function Explains the need, scope and functions of Integrated Materials Management Describes the advantages of integrated Materials Management
Materials Planning
Explains the need for material Planning Explains the internal and external factors affecting Material Planning Illustrates the tools of Material Planning such as Bill of Material technique and Past Consumption Analysis Technique Explains the principles and procedure involved in Material Planning Explains the process involved in Material Planning Explains the basic concepts of MRP such as lumpy demand, lead times, input to MRP, master production scheduling etc Explains the Computer Application to MRP Process and its features Explains the process involved in Database recording and maintenance in MRP system Describes Independent and dependent MRP system
Materials Budgeting
Explains the basic concepts and techniques involved in drawing Materials Budget Explains the factors governing Materials Budget such as past rate of consumption, investment pattern etc
Material Handling
Explains the importance and objectives of Material Handling Explains the cost involved in material handling Illustrates the methods and practices involved in Material Handling Explains the methods involved in material handling Illustrates types of materials, stages of handling, unloading methods, process of unitized loading Describes the various equipments for Material Handling and procedure of selection of equipments Explains the basic concepts of containerizations, types of containers and underlying issues Explains the process of handling surplus and obsolete material Describes the techniques of grouping of material and their disposal strategy Explains the process of reducing damage and pilferage losses Explains the process of material handling cost analysis involving examination of ratios for material handling labour, direct labour handling loss, movement/operation, manufacturing cycle efficiency etc.
Inventory Management
Explains the different types of inventory depending on the type of material, availability and demand Explains the different types of costs incurred in inventory management such as cost of ordering, inventory carrying cost and cost of shortage Illustrates the various factors affecting inventory costs such as market characteristics, sales characteristics etc Explains the various forms of deterministic inventory management models Classic EOQ Model, EOQ Model with quantity discount, EOQ Model with safety stocks, EOQ Model with safety stocks and service level and EOQ Model with replenishment system Explains the various forms of probabilistic inventory management models considering the impact of demand and lead time uncertainties Illustrates the various techniques of Inventory Control such as ABC analysis, VED analysis, GOLF analysis, HML classification, SDE classification, FSN classification etc Explains the dynamics of Inventory Performance Measurement through Ratio Analysis approach
Vendor Management
Explains system of Vendor performance evaluation Illustrates the parameters for evaluation of Vendors Performance Explains the basic concept of Social Audit and internal provisions of Companies Act Explains the evaluation of organisation climate, saving Purchasing Performance of an organization in terms of etc Explains the evaluation of Quantitative Objects in terms of minimization of material cost, maximization of cost reduction, adherence to operational budget etc
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Negotiation Skills
Explains the basics of negotiation such as why and when negotiation takes place Explains the strategies and the steps involved in negotiation such as assessing the vendor, customer related factors, competitors related factors, company policies etc Illustrates the various tactics and guidelines that a negotiator must follow at the time of purchase Explains the techniques of purchase negotiation
Quality Control
Explains the various components and characteristics of quality in terms design, specification, availability, after sale service etc Explains the reasons and types of quality losses in terms of tangible and intangible losses Illustrates the objectives and functions of quality control in terms of specifications, manufacture control, design audit, quality review and quality planning etc Explains the concepts of acceptance sampling sampling plans, lot acceptance and acceptance control techniques etc Explains the procedure of double and multiple Sampling Illustrates the analysis and interpretation of OC and AOQ Curve
Legal Framework
Defines a contract and requirements of a valid contract Illustrates the different types of contracts such as oral and written, express and implied contracts, bilateral and unilateral contracts etc
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Sample Questions
1. A stipulation in a contract of sale pertaining to goods which is essential to the main purpose of the contract contract is called ______________.
A. Condition B. Acceptance C. Rejection D. Warranty
2. The system of purchasing from ones customer preferred to others is known as ________________.
A. Forward Buying B. Tender Buying C. Reciprocal Buying D. Blanket Order
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