Materials Management An Integrated Systems Approach
This book examines the problem of managing the flow of materials into, through, and out of a system in order to improve the efficiency and effectiveness of materials management. The subject is crucial for global competitive advantage, as materials constit
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Prem Vrat
Materials Management An Integrated Systems Approach
Springer Texts in Business and Economics
More information about this series at http://www.springer.com/series/10099
Prem Vrat
Materials Management An Integrated Systems Approach
Prem Vrat Pro-Chancellor, Professor of Eminence and Chief Mentor ITM University Gurgaon, Haryana, India
ISSN 2192-4333 ISSN 2192-4341 (electronic) ISBN 978-81-322-1969-9 ISBN 978-81-322-1970-5 (eBook) DOI 10.1007/978-81-322-1970-5 Springer New Delhi Heidelberg New York Dordrecht London Library of Congress Control Number: 2014944441 # Springer India 2014 This work is subject to copyright. All rights are reserved by the Publisher, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilms or in any other physical way, and transmission or information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed. Exempted from this legal reservation are brief excerpts in connection with reviews or scholarly analysis or material supplied specifically for the purpose of being entered and executed on a computer system, for exclusive use by the purchaser of the work. Duplication of this publication or parts thereof is permitted only under the provisions of the Copyright Law of the Publisher’s location, in its current version, and permission for use must always be obtained from Springer. Permissions for use may be obtained through RightsLink at the Copyright Clearance Center. Violations are liable to prosecution under the respective Copyright Law. The use of general descriptive names, registered names, trademarks, service marks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use. While the advice and information in this book are believed to be true and accurate at the date of publication, neither the authors nor the editors nor the publisher can accept any legal responsibility for any errors or omissions that may be made. The publisher makes no warranty, express or implied, with respect to the material contained herein. Printed on acid-free paper Springer is part of Springer Science+Business Media (www.springer.com)
This book is dedicated to: My wife Kusum, daughter Chetna and grand-daughters Esha and Neha
Preface
I have taught Materials Management at IIT Delhi, AIT Bangkok and MDI Gurgaon for the past four decades in the systems perspective that this book has adopted. I did not come across any book which would give a balanced coverage on quantitative and qualitative aspects of Materials Management in the holistic sense. My students were primarily relying on the lecture notes developed by me from a variety of sources and were inspiring me to write a book that meets their needs. The idea of writing this book was in my mind for near
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