Lovely Professional University, Phagwara

Lovely Professional University, Phagwara INSTRUCTIONAL PLAN (for Lectures) Term: M.B.A-IV Course No. MGT469 Textbook:

Course Title: Materials Management

L: 3 T: 1 P: 0

1.. Shridhar Bhat. K, Production and Materials Management, Himalaya Publishing House

Other books: 2. Stevenson William. J, Operations Management, Tata McGraw Hill 3. Chary S.N., Production and Operations Management, Tata McGraw Hill 4. Krajewski, Ritzman, Malhotra, Operations Management, PHI, New Delhi 5. K.N.Krishnaswamy,M.Mathirajan,Cases in Operations Management,PHI Learning Private Limited,New Delhi Other readings: S.No. 6. 7. 8. 9.

Journal articles as compulsory readings

Kraljic P., ’Purchasing Must Become Supply Management’, Harvard Business Review, sept-oct 1983, pp109-117 Meitz A.A. and B.B. Castleman, ’How To Cope with Supply Shortages’, Harvard Business Review, Jan-Feb 1975, pp91-96 Kim Y.H. and K.H. Chung, ‘Economic Analysis of Inventory Systems: A clarifying Analysis’, Inter. Jour. Prod. Res. Vol.23, no.4, Jul-Aug 1985, pp761-767 Jeya Chandra M. and M.L., Bahner, ‘The Effect of Inflation and the Time Value of Money on Some Inventory Systems’, Inter. Jour. Prod. Res. Vol. 23, no.4,1985, pp723-730

Relevant websites: S.No. Web address 10. http://www.inventoryops.com/dictionary.htm 11. 12.

Salient Features Real inventory issues, articles on materials management and warehouses www.materialsmanagement.net Strategic planning, risk management and inventory control http://www.sixsigmasystems.com/case_studies.h Case studies of inventory tm management, production management

Detailed Plan for Lectures Lecture No.

Topic

Chapters/ Sections of Textbook/ other reference1

Assignment/ Task to be assigned to students 3

1-2

Introduction: Meaning and scope, Chap. Objectives and Significance of 9/pp437Materials Management; 449/bk-1 Relationship of Material management with other areas of Management functions

3-6

Material Requirement planning, MRP calculations, prerequisites, handling

Ch.13/p575 Ass-602/bk-2 1

Pedagogical aid Demonstration/ case study/ images/ animations etc.5

DoS4

Case: Integrated Materials Management In Moti Engineering Works/Ref.5 Case: Material

Date Delivered2

uncertainties, combining EOQ with MRP, evolution of MRPII

Ch.23/23.1 -23.7/bk-3 Chap.23/ 23.823.12/bk-3 Chap.23/ 23.1323.16/bk-3 Chap. 24 Pp 537-538 Bk-1 & ch.24.124.5/bk-3 Ch.21/p461 Ass-486/bk1 2 Ch.22/p487 -502/bk1

Control at HYPO/Ref.5 Video/C.D by Tata McGraw Hill

7-8

evolution to ERP, benefits of ERP, Implementation of ERP, leading ERP software vendors

9-12

Electronic Commerce, B2B, B2C ecommerce, significance of ecommerce

13-15

Codification and standardisation: basis of codification, characteristics of good coding system, types of coding, standardization and its benefits, stores management

16-17

Purchasing management— Objectives and Functions of purchasing department; Purchase policy and procedure; negotiations, types of Purchasing--- Centralized and Decentralized. Suppliers, selection, and vendor Ch.20/20.3 rating, vendors development, 20.9, 20.12/bk-3 Inventory management, different Ch.20/p566 Asscosts of inventory, optimal order -615/bk1 3 quantity, EOQ, inventory models Ch.21/21.1 with purchase discounts, buffer stocks, fixed order period model, -21.16/bk3

Case: Purchase Control at Kalpavruksha Silk Company/ Ref.5

control, need of carrying Ch.22/22.1 Assinventories; Elements of Effective -22.6/bk3 4 Inventory Control, advantages, Procedure for setting up an efficient Inventory Control System; ABC method of inventory control, V.E.D. Analysis, S.D.E. classification; F.S.N. analysis; X.Y.Z. analysis Value analysis, purchasing research, Ch.20/20.7, price forecasting, forward buying, 20.9,20.14, make or buy decision 20.15/bk3

Case: Inventory Control Procedures at Magi Corporation/ Ref.5

18-19 20-25

safety stocks, safety stock

26-30

31-36

optimum

level

of

Inventory

Additional material for spill over (for at least 2XL lectures) 37-38 Purchasing function and Chary supply chain management Chap. 27 39-40 41-42

Implementation of supply chain principles within a company Logistics management and its links with inventory control and other areas

Notes: 1. Use S. No. Of the readings above

Video/C.D by Tata McGraw Hill

Chary Chap. 27 Chary Chap. 25

Video/C.D by Krajewski &Ritzman,7th edition

2. To be filled in on the date of delivery of lecture by the instructor 3. Put assignment number from Assignment Table (below) against the lecture in which planned to be assigned (by co-ordinator) 4. To be filled in on the date of assignment (by the instructor) 5. Do not write Lecture, OHP, LCD projector etc.

Details of Assignments Planned: Assignmen Details t No. 1 Practical problems for working out MRP in a manufacturing unit 2 Drafting of atleast three types of purchase orders along with ‘Terms and Conditions’ for different types of items like equipment, raw materials etc. both indigenous and imported items 3 Practical problems for working out safety stock levels and optimum order quantities 4 Practical problems of inventory control methods like ABC and VED 5 Case analysis and presentation 6

Case analysis and presentation

Term paper to be allotted by lecture no. 29_____

Nature of Assignment Quantitative Qualitative

Expected outcome Application of MRP concept Application of purchase policies and negotiations

Quantitative

Application of minimum inventory levels

Quantitative

Classification of inventory items Enhancing analysis and presentation skills Enhancing analysis and presentation skills

Case Studies Case Studies

Due date of term paper: 2 wks before the close of term

Scheme for CA: (out of 100) Component Attendance Homework based tests/quizzes Assignments Term paper

Frequency

Marks out of 100

Continuous

10

2

20

6

60

1

10

List of suggested topics for term paper S.No.

Topic

1

If a buyer is interested in minimizing the risk resulting from fluctuating market prices, what techniques should he apply?

2

How would you go about operationalizing the concept of ‘materials management as a profit centre’? What advantages would you expect from making it into a profit centre?

3

In the case where multiple number of items are procured, how would you apply EOQ concepts to aggregate inventory control as opposed to individual items inventory control?

4

Does the learning curve affect ‘make or buy’ decisions? In what type of production situations, is the make or buy decision very crucial?

5

In an unstable market for raw materials what type of buying policy should be followed?

6

What are the implications of B2B and B2C on production and operation management? List the socio-economic conditions necessary for B2B and B2C to flourish and explain.

7

Illustrate how does “Installing MRP system tend to bring in an integration of material management, production management

and other functions in the organization” ? 8

How would you go about installing a new computerized codification system in an organization? Illustrate the steps involved, problems anticipated, if any and your proposal to overcome these problems.

9

For a manufacturing organization of your choice, discuss how an ERP system could be used and whether it could increase effectiveness.

10

For service sector like major airlines, discuss how an ERP system could be used and whether it could increase effectiveness.

11

How has the technology aided inventory management? How have the technological improvements in products such as automobiles and computers impacted inventory decisions?

12

How does ERP fit with e-commerce and supply chain management? What are some hidden costs of ERP? And what are the main reasons firms adopting ERP?

13

What are the basic assumptions underlying the classical EOQ model? Mention a few situations where these assumptions may not be valid and therefore EOQ model can be used straightaway. In such situations, check the validity of basic concepts behind EOQ model. How could these concepts , if they are valid, be used in such situations?

14

In what different ways can the risk of stock out be expressed and measured? What is the function of a safety or buffer stock? What are all the different uncertainties against which you would like to protect the inventory?

15

You are asked by your superior to look after the problem of scrap. What will your actions be? Explain the importance of good preservation, packing, and marking of the materials.

Proposed Changes from the standard pedagogy for the course:

_______________________ Prepared by (Instructional Planner: Name, signature & date) Comments of HoFD(Chief Academic Officer) Signature & Date Comments of Dean of Faculty Signature & Date

Report (to be filled by the instructor and submitted at the end of term to HoS through HoD) Lectures S.No. Innovation introduced [New pedagogy, new demonstration, case Topic and lecture number where study, teaching aid, etc. NOT part of the instructional plan introduced

General Comments of the Instructor about the suitability of IP

Conduct of Tutorials Tutorial no.

Date

Topics covered in the tutorial

1 2

1 2

Inventory Management at Wal-Mart Improving customer service through inventory management at Amazon.com

3 4 5 6 7

3 4 5 6 7

Doubt clearing/Problem solving

8 9 10 11 12

8 9 10 11 12

(Week no.)

Activities (like quiz, case study, doubt clearing, any other)

Case study - Presentations Case study - Presentations Doubt clearing/Problem solving Periodic Review of Inventory systemParts Emporium, Inc. Doubt clearing/Problem solving Case study - Presentations Case study - Presentations Doubt clearing/Problem solving Doubt clearing/Problem solving

General Comments of the lab Instructor about the suitability of IP or new pedagogy attempted in labs:

Syllabus Coverage Report Syllabus coverage by one week before MTE

Satisfactory/ Lagging by ____ lectures. Syllabus coverage by two week before E TE

Satisfactory/ Lagging by ____ lectures.

_____________________________

___________________

Signature of Instructor & Date

Signature of HoD & Date