This document outlines the objectives and functions of materials management. It discusses production planning, the aims of materials management including reducing costs, inventory management and control, categorizing and coding inventory, distribution, and computerization. It also examines the functions and objectives of inventory control, including analyzing inventory using various methods and considering costs and decisions. Finally, it addresses determining appropriate buffer stocks and economic order quantities.

1. MATERIALS MANAGEMENT
INTRODUCTION
OBJECTIVES OF MATERIAL MANAGEMENT
CHAPTER I. PRODUCTION PLANNING SYSTEM
A. Definition
B. Aim of Material Management
C. Purpose of Material Management
D. Economy in Material Management
CHAPTER II. FUNCTIONS OF MATERIAL MANAGEMENT
A. Material Purchase Planning
B. Inventory Management
C. Inventory Control
D. Categorization and Codification
E. Distribution
F. Computerization
CHAPTER III. FUNCTION OF INVENTORY CONTROL
A. FUNCTION
i. VED Analysis
ii. SDE Analysis
iii. FSN Analysis
iv.HML Analysis
B. Objectives of Inventory Control
i. Inventory Costs
ii. Inventory Decisions
CHAPTER IV. BUFFER STOCK
A. Determination of Buffer Stocks
B. Economic Order and Quantity