Materials management. Purchasing methods. Contracts. Stores and Inventory control. Resource utilization. Time value of money. Interest formulae. Rate of return. Methods of economic evaluation. Selection between alternatives.

Planning Decision Making, Forecasting, planning, scheduling. Production control. Gantt Chart and PERT.

Optimization: Linear programming as an aid to decision-making. Elementary treatment of decision-making policies under risks and uncertainties.

Transport materials Handling Selection of transport media for finished goods, raw materials and equipment. Facility layout and location. Work study and production policies.

Basic principles of work study. Principles of motion economy. Ergonomics in the design of workplace and processes. An introduction to computer softwares used in management.

 


Level of Study: 500 Level