FREE IGNOU MMPO 006 Study Material Download The Indira Gandhi National Open University (IGNOU) offers a Master of Business Administration (MBA) program through distance learning. IGNOU free MMPO 006 Study Material Download.
FREE MMPO 006 Study Material Download Hardcopy : The study material for the program is provided to students in the form of self-learning study modules. The modules are designed to provide students with a comprehensive understanding of the various concepts and topics covered in the MBA Materials Management program.
Course Code : MMPO 006
Programme Name : Materials Management
Contents
- 1 FREE IGNOU MMPO 006 Study Material
- 1.1 Introduction to Materials Management
- 1.2 Strategic Role of Materials Management
- 1.3 Designing Supplier Network (Evalucations, Selection, And Development)
- 1.4 Dynamics of Buyer-Seller Relationships
- 1.5 Materials Planning and Budgeting
- 1.6 Push and Pull System
- 1.7 Process Inventory (Work-in-Process)
- 1.8 Spare Parts Management
- 1.9 Codification and Standardisation of Materials
- 1.10 Location and Layout of the Warehouse
- 1.11 Warehouse Risk Management System
- 1.12 Materials Management and its organisation
- 1.13 Performance Evaluation and Appraisal
- 2 IGNOU MMPO 006 FREE Study Material
FREE IGNOU MMPO 006 Study Material
Introduction to Materials Management
Strategic Role of Materials Management
Designing Supplier Network (Evalucations, Selection, And Development)
Dynamics of Buyer-Seller Relationships
Materials Planning and Budgeting
Push and Pull System
Process Inventory (Work-in-Process)
Spare Parts Management
Codification and Standardisation of Materials
Location and Layout of the Warehouse
Warehouse Risk Management System
Materials Management and its organisation
Performance Evaluation and Appraisal
Materials management is the process of planning, organizing, and controlling the flow of materials and inventory throughout an organization. This includes activities such as purchasing, receiving, storing, issuing, and disposing of materials. The goal of materials management is to ensure that the right materials are available in the right quantities at the right time, while minimizing costs and maximizing efficiency.
Materials management includes several key components such as:
- Inventory management: This involves the control and monitoring of inventory levels to ensure that the right materials are available when needed, while avoiding excess inventory and stockouts.
- Purchasing: This involves the procurement of materials and services from suppliers, including the negotiation of prices, terms and conditions.
- Stores and warehousing: This includes the physical storage and handling of materials, including the management of warehouse space, inventory control and the management of materials movement.
- Material handling: This includes the movement and handling of materials within an organization, such as receiving, transporting, and issuing materials.
- Quality control: This includes the inspection and testing of materials to ensure that they meet the required quality standards.
- Material planning and control: This includes forecasting, production planning, and scheduling to ensure that materials are available when needed to meet the production schedule.
Materials management plays a crucial role in the overall supply chain management of an organization, as it ensures the availability of materials when they are needed, and helps organizations to minimize costs and improve efficiency. In addition, materials management also helps organizations to better manage their resources and reduce waste and inefficiencies.
The Push and Pull System
Push and pull systems are two different inventory management strategies used to control the flow of materials and products in an organization.
A push system, also known as a “make-to-stock” system, is based on forecasting and predicting demand. It focuses on producing and stocking products before they are actually ordered by customers. This system is used when demand for a product is relatively stable and predictable. The production schedule is based on forecasts, and when the product is finished, it is pushed into inventory for later sale.
A pull system, also known as “make-to-order” or “build-to-order,” is based on actual customer demand. It focuses on producing products only when they are ordered by customers. This system is used when demand for a product is uncertain or highly variable. Production is triggered by customer orders and the inventory is pulled from the warehouse to meet the demand.
Push systems are typically used in stable environments where demand is predictable, while pull systems are used in more dynamic environments where demand is uncertain and unpredictable.
A push system is generally more efficient, as it allows an organization to produce products in bulk, which can result in economies of scale and lower unit costs. However, it also carries the risk of overproduction and increased inventory costs if demand does not match the forecast.
A pull system is more responsive to changes in demand, as it allows an organization to quickly adjust production to meet actual customer needs. However, it also carries the risk of stockouts and delays in fulfilling customer orders if production cannot keep up with demand.
Both systems have their own advantages and disadvantages, and the choice between them will depend on the specific circumstances of the organization and the product.
IGNOU MMPO 006 FREE Study Material
Performance Evaluation and Appraisal
Performance evaluation and appraisal is the process of assessing an individual’s or a team’s job performance against established standards and goals. The purpose of performance evaluation and appraisal is to measure progress and identify areas for improvement, as well as to provide feedback and recognition for a job well done.
The process of performance evaluation and appraisal typically includes the following steps:
- Setting performance standards and expectations: This includes establishing clear and measurable goals, objectives, and expectations for the individual or team.
- Collecting performance data: This includes gathering information on the individual or team’s actual performance, such as through observations, interviews, and data analysis.
- Evaluating performance: This includes comparing the actual performance against the established standards and goals, and identifying areas of strength and areas for improvement.
- Providing feedback: This includes communicating the results of the evaluation to the individual or team, and providing constructive feedback on their performance.
- Developing a plan for improvement: This includes setting action plans and goals to improve performance in areas where it was identified as needing improvement.
- Recognizing achievements: This includes recognizing and rewarding individuals or teams for their achievements and contributions to the organization.
Q Is it OK to study from phone?
Q Do IGNOU repeat questions?
Q Which studying app is free?
Evernote. Evernote is more than a note-taking app: It’s one of the best apps for college students, helping you keep track of everything from lecture notes to bright ideas.
FREE IGNOU MMPO 006 Materials Management Study Material Download GET All IGNOU Study material on order , students can get the help in their degree through SENRiG. We serve for all Study Material through our website and through Amazon and Flipkart.
This is helpful for those who enrolled in the MBA 2023 and its best for IGNOU students.
GET All Subject Related Help Here