The increasingly competitive nature of markets in the 21st century has reemphasized the key role of production/operations together with materials management functions in bringing about the growth and profitability of organisations. Fast, on-time delivery, providing services and products right first time and the need to cut costs are increasingly important factors for achieving business success in most markets.
Materials management organises, co-ordinates and integrates the functions of procurement with the logistics of manufacturing operations. Production management and materials management are complementary to each other and these two areas need to be integrated well to achieve the overall objectives of the organisation. This books is organised into 28 chapters with the addition of a new chapter - "Scheduling of Operations". Additional features include case studies, objectives questions, discussion questions and assignments.