Materials and Financial Management

C.M. Sadiwala, Ritesh C. Sadiwala, "Materials and Financial Management"
New Age International (P) Ltd | 2007 | ISBN: 8122423469, 8122420338 | 267 pages | PDF | 1,2 MB

Preface
The developing countries like India are facing the various types of problems about materials
and other resources, which are scarce or imported from other countries. The various Industries,
which will have to compete with Internationally, established manufacturing organizations to
manage their production and materials they are marketing and procuring after liberalization
to sell their products at the competitive rates have to purchase, store and produce their
products very economically. After liberalization Industries in our country have realized the
importance of materials and financial management to manage and utilize all their resources
in the best possible way. The revolutionary changes have been taking place in Industries for
various activities to optimize the cost of materials and production operation. The Industries
in our country and globally are managing their resources and all types of materials by the
new techniques, methods and use of computers to utilize them most economically considering
various costs involved in purchasing, procuring, storing and utilizing various types of materials
and products. The materials and financial management is the subject which deals with the
study of techniques of appropriate materials supply and materials flow procedures to control
the production system. It helps in materials management and control of inventories. The
financial management shows how to economize the cost of purchase of materials and inventory
control. It is therefore necessary to introduce and teach our students studying for graduation
and post graduation in engineering, management, finance, economics and science the subject
of ‘Materials and Financial Management’. This subject is the part of syllabus of B.E., B.Tech.,
AMIE, M.B.A. M.Tech., M.E., M.C.A., and other management and engineering courses,
practitioner engineers working in various organizations and competitive examinations. The
various Universities in India and other countries have prescribed this subject in various
Engineering and Management Institutions in their course of study.

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