Material Management (Inventory ) PMCS RO COe ne ene ee RCV CC Tea Material (3M's). Material is an important input & directly affects the profit of any manufacturing Pon Neer enero Seok Ce ecetsa en eae renee acetic | oeeas ee eer te involving in the complete cycle of materials flow in a company, like purchasing, production & CoRR CIR Um Co tae elton Rec Ce PRO CRT Een cna tecae Opera erricreyl (2) At the right time Seen eR eee tag (4) At the right price (5) From the right sourceObjectives of Material management Material management has the following objective COP arreona eR caer mOM ECCI UCR Ooece a etc OOS ees tanee aco TEs RCT OCT RRC TTC (QPCOUR CENT on GS so Ue” JC Teen hectare ncnmuenticec crc ESTs Og ono RET TET OS moet) (A) Selection of best suppliers so that it supply material at reasonable rate (i.e make a good relation with suppliers ) (5) To cut down the costs, through simplification,standardization, value analysis etc (i.e- reduce overall cost of production) OR Cnn ces acd Olen costco nec merece enor]OTS aon Renata COP oso w nr toeC Bueno mi ocr oe cena Ihe ao IO RMU RT Reeccrnrz Teme tcH oy timely availability of raw material COBO raCnrnes Encino Rene CR COT Renee @ oon Neca) EBay CNR CCCUICesanactE I nmeta MeCN MRI ES ens ee CCR coe Bs ran asc) (4) Transportation & handling of material POC RCC Rem Oe eI ae (6) Effective material management minimize storage cost ( applying JIT just-in-time or ear a} (7) Saving of labour time. (Oise ems ar try (OBO O ero nor CCE BEI oContr)) Rance RrcTot yyROR acon cs utd SOE COC eB CUR CRTC Sonne ee eres) Mm Clo Monessen nae Seer eS eee SEC mC CERO OTE CEL Ceca SOS eee OO Ce SENNA eS CUTER Ce CRO eee gna Ornt a a tetnT ay raw materials,tools, spares,consumables item etc to the respective department. Se ROR SOO co eee Rca CR OR CCR eerste CON Rene Ro mec cesta COB rr CER nen BI ROR CENT RC nT NCEE CORR TT ee eae omen oc am Ohne Ce ene m en on one (2) To maintain a sufficient stocks of materials , if transportation delay & irregularities in Pliers eae) cere) cloom ERE er ee coc Om nn scons Tas cs COM ASIN EDR CUCCORCR TCR mT Occce TryBe Cc (1) Closed Stores : All items are stored in a closed and controlled area.In this store only permitted person will enter. Small & costly items are mostly stores in this store ONO SIS ORR CT ICE RS eC ET RO ore Te Bek COR e Term Neer whose consumption is very high are store in this store , like ore, coal, sand bricks ete (ERG COC ee RSH e Brite muc rc ct ROCs CR con MORI TE SZC m CES OcS eu ec ham Cah ea CORN a Ce TCR omomnmntrtetend departments,the store-room is located near to all the department ,so minimizing material Breretel ete ceg ms RNR cee om casts m ac BER ets1y (c (COB Bleeonte Tem cam Dore cE COON BNE Ce CUM ABE AZT RUbiCOcots departments using different kinds of materials.& each department has its own store.pene eas Heat Machine exer Pera cond shop ra STORE Ceres rence Foren ee Ba ere making Sorts SSeS) Inert Store | smity or Bed cementing See a hace Cee Decentralised store Leiiinanni OFFICE So Store__ Store or Trine iC) SoettedPolicies & Procedures oe GSR eer ace ne en tonto eee ER es Cory of policies. The policies are made by the top level of management & fully acceptable by all people.It is a decision making process. De nee ore ee OCT an integral part of the big organisation which helps in its smooth functioning. Baer eR OPUS DES eee ete) ESC NES one Same Oat Re ence Prorat NMmna (UTM eRe ecr nett A schedule of activities which needs to be performed, one after the other, in a fixed period, having a proper beginning and end is known as the procedure It is a action making process.eka cy Suppose an order of materials has to be placed then the following procedure needs to be followed. So Se et nee ce nite tee Re Pt Step 2: Purchase Department will analyse and compare the Bill of Materials. Step 3: Sourcing and Advertising of Materials. Step 4: Receiving Quotations from various suppliers. BS oa Lele ol OW lole- Coase Lue Ue Molde oom eres Re EL 8 7 Com eee ee nein Sela Cee Rar lcue eset TI cem Step 8: Checking of materials. Seer ect ented Cie cect ice Soma ae Puna eaeOO OS SOC CUM CC CIIC OCD) Vendor : A vendor is a party in the supply chain that makes goods and services available to companies or consumers. A vendor, also known as a supplier Fe Oe ee ee eae SS neem oes ons Vendor means a company or person who sells & supplies its product Vendor development: Vendor development can be defined as the activity that a Buying Cn ASC CRCR Mae Re Cee ae rrr Nees amon Perini otaeeces eee Ca ee Reta cea ena ee eee a een possible to manufactured in the industry , so they help from vendors company who are specialized in that part.So the car manufacturing company make all the activity one ee ceceAS e lems rel OnE CR Ree Re eS rel ea Re Pe SOs RE oR een st eat SVC CEN art onion 3. Select the best potential vendors (on past performance record ) ee ee oa arte ome eerie Seen en emcee Rect na isn Ce eee ee ce 6. A ES CORR RRO mie CROm Nome AA a era Re Caer Rare em mtn eel Ole On the basis of service providing erie eee) Make a contract (legally binding document ) Vendor analysis:A vendor analysis means a deep knowledge of your suppliers and vendors. ERROR CNTR ARCS Ce Ren reer CM oa mer LOS RCO SSRN CLT Cotm ree) ae Sintered ChreCCine eh samc es crmea acre vai col ea you understand your vendor’s capabilities and how well they meet your needsNe Oa Ceee toe cnt etn Pre tentaa sot a enact oa Sercreatts Wer resort tec ee se cr PMennieme sce ta 2. Delivery performance (delivery time) preenien PMeaaes rag tined POET CTO CI OCT iw PPS Seon mu RO LC ae: coma o im Oo caren ered 2. It assists the buyer in identifing areas of weakness in the vendor's performance & allow the buyer to take eet EM eerece Ce sien een Rete cts 4. It help us for continuous improvement of vendor performance 5.lt helps the buyers to strike the right kind of communication required.