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Materials constitute a substantial part of the cost of production. Effective materials management has, therefore, the potential to improve the overall profitability of the organizations. This book 'Materials and Purchasing Management' covers the essential Rs of materials management, viz, the right quantity, the right quality, the right price, the right time, and the right place of materials. It explains the whole area of purchasing, the inventory, the stores and warehousing. It is a good companion for all those who study this either at graduate or postgraduate level. Book Content of Materials and Purchasing Management Nature and Scope of Materials Purchasing Principles, Practices and Procedures Materials Planning Managing Quality Quality Control and Improvement Materials Specifications Sources of Supply: Vendor Selection and Rating Buyer-Seller Negotiations Pricing Theory, Pricing Practices and Contracts Purchase of Capital Equipment and Leasing Make-or-Buy Value Analysis Import Purchasing Independent Demand Inventory Dependent Demand Inventory: Materials Requirement Planning (MRP) Receiving and Store-Keeping Waste Management - Management of Surplus and Scrap Materials Handling Equipment Classification and Codification Purchasing Personnel Management Evaluation of Purchasing Performance Legal Aspects of Purchasing Transportation and Traffic Management Logistics Management Government as a Purchaser Materials Management as a Profession
