material management ppt describe the what is material management, aim of material management, objective of material management and function of material management
NURSING MANAGEMENT AND EDUCATION
INVENTORY CONTROL AND PROCUREMENT OF HOSPITAL SUPPLIES, THEIR MAINTENANCE AND KEEPING THE STOCK UP TO DATE IS ONE OF THE BASIC DUTIES OF A NURSE. KNOWING ABOUT THE PRINCIPLES AND TECHNIQUES HELPS IN EFFECTIVE MANAGEMENT OF HOSPITAL SUPPLIES AND EQUIPMENT IN THE WARD.
NURSING MANAGEMENT AND EDUCATION
INVENTORY CONTROL AND PROCUREMENT OF HOSPITAL SUPPLIES, THEIR MAINTENANCE AND KEEPING THE STOCK UP TO DATE IS ONE OF THE BASIC DUTIES OF A NURSE. KNOWING ABOUT THE PRINCIPLES AND TECHNIQUES HELPS IN EFFECTIVE MANAGEMENT OF HOSPITAL SUPPLIES AND EQUIPMENT IN THE WARD.
Materials management is a core supply chain function and includes supply chain planning and supply chain execution capabilities. Specifically, materials management is the capability firms use to plan total material requirements.
Material management in hospital and community servicesKULDEEP VYAS
Material management is a methodical technique that includes planning strategies, systemizing and regulating the flow of material from procurement till the point of disembarkation.
It is the process of coordination and controlling the activities in an organization. It includes the responsibility of purchasing the materials, their scheduling from supply or from other internal sources, their handling, storage and movement through the organization, and their delivery.
ABC analysis (Inventory) Inventory optimization in supply chain, ABC analysis is an inventory categorization method which consists in dividing items into three categories, A, B and C
Materials management is a core supply chain function and includes supply chain planning and supply chain execution capabilities. Specifically, materials management is the capability firms use to plan total material requirements.
Material management in hospital and community servicesKULDEEP VYAS
Material management is a methodical technique that includes planning strategies, systemizing and regulating the flow of material from procurement till the point of disembarkation.
It is the process of coordination and controlling the activities in an organization. It includes the responsibility of purchasing the materials, their scheduling from supply or from other internal sources, their handling, storage and movement through the organization, and their delivery.
ABC analysis (Inventory) Inventory optimization in supply chain, ABC analysis is an inventory categorization method which consists in dividing items into three categories, A, B and C
The Impact of Inventory Management on Manufacuring Industryinventionjournals
Inventory is generally considered to comprise in three main areas which are raw materials, work in progress and finished goods. Where these are held and in what quantities, and how they are managed will vary significantly from one organization to another. The activities of inventory management involves are identifying inventory requirements, setting targets, providing replenishment techniques and options, monitoring item usages, reconciling the inventory balances, and reporting inventory status. In order to have clear inventory management, a company should not only focus on logistic management but also on sales and purchase management. Inventory management and control is not only the responsibility of the accounting department and the warehouse, but also the responsibility of the entire organization. Actually, there are many departments involved in the inventory management and control process, such as sales, purchasing, production, logistics and accounting. All these departments must work together in order to achieve effective inventory controls. Inventory includes raw material in progress, finished products, general Suppliers and equipment etc. inventory control may defined as systematic location, storage and Recording of goods in such a way that desired degree of service can be made to the operating shops at minimum ultimate cost. The need for inventory control is to maintain stock of goods and ensure Manufacturing according to the production schedule based on sale requirement and the lowest possible ultimate cost to the customer. Every enterprise needs inventory for smooth running of activities, it serves as link between production and distribution process and there is general time lag between the recognition of a need and its fulfillment. The greater time lag, the higher the requirement for inventory. The unforeseen fluctuation in demand and supply of goods also necessitate the need for inventory as it provides cushion for future price fluctuation. This paper includes the concept of inventory management, nature of inventory management, materials management techniques and inventory accounting
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Modern Database Management 12th Global Edition by Hoffer solution manual.docxssuserf63bd7
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name:Solution manual for Modern Database Management 12th Global Edition by Hoffer
Edition:12th Global Edition
author:by Hoffer
ISBN:ISBN 10: 0133544613 / ISBN 13: 9780133544619
type:solution manual
format:word/zip
All chapter include
Focusing on what leading database practitioners say are the most important aspects to database development, Modern Database Management presents sound pedagogy, and topics that are critical for the practical success of database professionals. The 12th Edition further facilitates learning with illustrations that clarify important concepts and new media resources that make some of the more challenging material more engaging. Also included are general updates and expanded material in the areas undergoing rapid change due to improved managerial practices, database design tools and methodologies, and database technology.
2. CONTENT
Definition
Aim of material management
Objective of material management
Function of material management
Techniques of material planning
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3. DEFINITION OF MATERIAL MANAGEMENT
o Material management organizing &
coordinating all management function
that are responsible for every aspect of
material, storage & transformation.
o Material management is a scientific
technique, concerned with planning,
organizing & control of flow of materials
form their initial purchase to
destination.
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4. AIM OF MATERIAL MANAGEMENT
o To get
o The right quality
o Right quantity of supplies
o At the right time
o At the right place
o For the right costs
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5. OBJECTIVE OF MATERIAL MANAGEMENT
o Buying, storage and movement of
material are the 3 basic objectives of
Material management.
o Optimum investment in inventory is the
prime objective of material management.
o Main objective divided into 2 categories:-
i. Primary objective
ii. Secondary objective
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6. OBJECTIVE OF MATERIAL MANAGEMENT CONT.
o Primary objectives:-
i. Lower prices
ii. High inventory turnover
iii. Low cost acquisition & possession
iv. Continuity of supply
v. Consistency of quality
vi. Favorable supplier relations
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7. OBJECTIVE OF MATERIAL MANAGEMENT CONT.
o Secondary objectives:-
i. Reciprocal Relations
ii. New materials and products
iii. Economic make or buy
iv. Standardization
v. Product improvement
vi. Inter departmental harmony
vii. Forecasts
viii. acquisitions
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8. FUNCTION OF MATERIAL MANAGEMENT
o Materials planning and control:-
Based on the sales forecast and production
plans. The materials planning and control
is done.
This involves estimating the individual
requirements of parts, preparing materials
budget, forecasting the levels of
inventories, scheduling the orders and
monitoring the performance in relation to
production and sales.
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9. FUNCTION OF MATERIAL MANAGEMENT CONT..
o Purchasing :-
This includes selection of source of supply
finalization, placement of purchases order,
follow-up, maintenance of smooth relations
with suppliers, approval of payments to
suppliers, evaluating and rating suppliers.
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10. FUNCTION OF MATERIAL MANAGEMENT CONT..
o Stores Management:-
This involved physical control of materials
preservation of stores, damage through
timely disposal and efficient handling,
maintenance of stores records, proper
location and stocking.
A store is also responsible for the physical
verification of stocks and recording than
with book figure.
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11. FUNCTION OF MATERIAL MANAGEMENT CONT..
o Inventory control:-
Inventory generally refers to the materials
in stock.
It is also called the idle resource of an
enterprise.
Inventories represent those items, which
are either stocked for sale or they are in the
process of manufacturing or they are in the
form of materials, which are yet to utilized.
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12. FUNCTION OF MATERIAL MANAGEMENT CONT..
o Transportation:-
o Material handling:-
o Value analysis:-
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13. TECHNIQUES OF MATERIAL PLANNING
Forecasting
technique
Sales
forecasting
Explosion
chart
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Fig. material planning