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 constitute the largest single
cost factor in manufacturing and service and their effective management enhances value for
money. In this context inventory is a barometer of materials management effectiveness along
with wastage of materials. The book adopts a comprehensive integrated systems approach and
covers almost all aspects of materials considering the specification procurement storage
handling issue use and accounting of materials to get the most out of every dollar invested.
Combining conceptual clarity and quantitative rigor it will be a highly useful guide for
practicing managers academics and researchers in this vital functional area.
