Materials Management

Chapter 1. Introduction to Integrated Systems Approach to Materials Management.- Chapter 2. Basic Concepts in Inventory Management.- Chapter 3. Selective Inventory Management.- Chapter 4. Static Inventory Models - Single Purchase Decisions.- Chapter 5. Dynamic Inventory Models: Aggregate Analysis.- Chapter 6. Deterministic Inventory Models.- Chapter 7. Dynamic Inventory Models with Quantity Discounts.- Chapter 8. Probabilistic Inventory Models.- Chapter 9. Just-In-Time, MRP and Lean Supply Chains.- Chapter 10. Inventory Management of Slow Moving Materials.- Chapter 11. Multi-Echelon Inventory Models.- Chapter 12. Material Specification, Codification and Standardization.- Chapter 13. Management of Material Waste.- Chapter 14. Storage & Warehousing.- Chapter 15. Purchasing: Policies and Processes.- Chapter 16. Incoming Material's Quality Assurance.- Chapter 17. Make or Buy Decisions: Outsourcing Strategy.- Chapter 18. Source Selection, Performance Rating and Development.- Chapter 19. Value Analysis for Material Cost Reduction.- Chapter 20. Systems Approach and Supply Chain Management.- Chapter 21. Evaluation of Materials Management Effectiveness.

Prem Vrat is the Pro-Chancellor of the The Northcap University, Gurgaon, India (the university was earlier known as ITM University, of which he was the Vice Chancellor); former Professor of Eminence, Management Development Institute, Gurgaon; former Vice Chancellor, U.P. Technical University, Lucknow, India and Founder-Director, Indian Institute of Technology (IIT) Roorkee, India. He obtained his Ph.D. degree from IIT Delhi in 1974. He was an honorary Research Fellow (1975-76) at the Department of Engineering Production, University of Birmingham (U.K) and at present is also serving as an honorary Professor at IIT Delhi.

Prof. Vrat was a visiting faculty (1985-86) at the Industrial Engineering and Management Division of the prestigious Asian Institute of Technology, Bangkok, Thailand, where he also held the position of Professor and Chairman (1989-91). He has published extensively in Journals of national and international repute. He is a sought after speaker in continuing education, management development programs and has delivered invited lectures in more than 400 such programs in India and abroad. He also held the Modi Foundation Chair in 2001.