Materials Management Flashcards
A core supply chain function and includes supply chain planning and supply chain execution capabilities.
Materials management
The capability firms use to plan total material requirements.
Materials management
Communicated to procurement and other functions for sourcing.
Material requirements
The actual planning starts with the information gathered from the annual sales forecasts, production and general business forecast. Forecasts provide the means for satisfying locational needs, and the general business forecasts in prices, wages and costs of other services.
Materials planning
Provide the means for satisfying locational needs, and the general business forecasts in prices, wages and costs of other services.
Forecasts
Key Activities of Stores
- Receipt of materials, checking the quantity, co – ordination for inspection and the preparing the goods receipt note.
- Accepting the checked materials, preparing rejection notes and thus completion of formalities for payment of bills.
- Taking stock of the accepted materials and storing them in their respective locations.
- Preparing issue vouchers, making actual issues for disposals and accounting for the same
- Ensuring proper sharing of information with the purchase departments through regular reports.
- Ensuring the storage place is clean to facilitate handling, movements and observing all safety and security measures.
Stock can be found easily without any complex system of recording.
Fixed Location
Space is better utilized, but there is a need to keep good and elaborate records for the location of materials.
Random Location
Goods of a particular group are stored together in a given area.
Zoned Location
Management involves the raising, lowering or moving an item, which is termed as materials handling. The management of materials handling activities brings about a host of specialty disciplines and responsibilities like mechanical, electrical, hydraulic means and electronic devices.
Materials Handling and Storage System
As handling does not add any value to the product, it is advisable to keep the handling cost minimum.
Best handling is least handling
Material handling equipment must be chosen in such a manner as to afford flexibility and also be capable of performing multiple standardized operations.
Use of standardized equipment
Desirable specialized equipment, the cost of acquisition, cost of operation, maintenance, repair etc. needs to be taken into consideration.
Minimum use of specialized equipment
Selection of equipment needs to be made after careful consideration of the cost of moving
Payload
Methods of picking, carrying and settling down are fixed, the wastage in time, labor and equipment will be eliminated.
Standardized methods
The capacity needs to be examined carefully, as any over loading causes undue wear, and also results in excessive maintenance.
Capacity of equipment
A major portion of Material handling activity.
Loading and unloading
Specially designed platform, which is built to dimension to suit forklift operations.
Pallets
Move loads of master carton horizontally and vertically.
Forklift trucks
These are power – driven, self – propelled units fitted with a boom mounted on a mobile chassis.
Cranes
These enable straightforward transportation as rehandling before each and every activity is eliminated.
Conveyors
Contains an endless chain or a belt which runs over two – terminal pulleys or sprocket – wheels fixed at different levels on a vertical plane.
Elevators
Used as a substitute for forklift trucks.
Tractors
Consist of either in – floor or overhead – mounted drag devices and are used in combination with four – wheel trailers on a continuous power basis.
Towlines
Operates on a different concept than other equipment.
Carousels
Unifies a number of shipments, which then move as individual units. Used to handle bulk commodities as well as merchandise.
CONTAINERIZATION
A lorry is loaded at the manufacturer’s workstation driven on to a ship and then driven off at the end of the voyage directly to the consignee, using the ship as the moving bridge.
ROLL ON/ROLL OFF FERRIES RORO
Loaded at the manufacturer’s workstation driven on to a ship and then driven off at the end of the voyage directly to the consignee, using the ship as the moving bridge.
Lorry
Barges are loaded at Inland River and shallow ports.
LASH (LIGHTERS ABOARD A SHIP)
Storage system in a warehouse has a key role to play in the total cost and the efficiency of warehouse operations.
Material Storage System
Products, which have a higher risk of contamination, will have to be isolated from other product groups. For example hazardous chemicals can cause damage to other products.
Nature of the product
While uniform products may be stored in stacks or in an enclosure, products, which are in odd shapes and sizes, need more space.
Configuration
Perishable products are stacked in such a manner that consignments, which come in first, are distributed first.
Perishability
When a variety of products are stored together, there needs to be segregation for easy identification for storage and retrieval.
Product variety
