Purchasing and Supplier Management
Dr. Madhusudhana Rao Cuddapah
Purchasing is an important function in any organization as the organizational funds (working capital) is held in the form of inventory. This book covers all concepts, factors, parameters, metrics and methods related to identification of suppliers, evaluation, certification, partnership, Supplier Relationship Management activities. In addition to that, international purchase procedure, related documents, resolution of disputes, etc are explained in detail. By reading this book which is presented in a more interactive mode, the reader gets more insights about the purchasing process and its importance in any organization.
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Project Management
Dr. Madhusudhana Rao Cuddapah
Project is a series of interconnected activities which are performed to achieve a specific objective or goal. In Project Management, there are several stages / steps starting from conceptualization (Generation of project proposal) to closure of the project. This book covers all these stages with clear explanation of factors to be considered at each stage, different methods, techniques and mathematical models in evaluation and analysis of the project proposals. The network analysis methods are explained in projects scheduling phase, Gantt chart for assessment of progress of activities, network crashing and its effects, etc have been presented. Precisely, this book covers all topics related to project management which is more helpful for professionals / students of different disciplines such as Civil Engineering, Mechanical Engineering, Electrical, Electronics & Communication, Computer Science Engineering and Business Management.
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Inventory Control: Tools and Techniques
Dr. Madhusudhana Rao Cuddapah
Inventory constitutes major portion of the working capital in many organizations. For effective and efficient financial management, the organizations must use some tools and techniques to identify optimal levels of inventory through systematic analysis. This book provides most of the techniques with description and numerical examples to enable the reader understand how each model helps in optimizing inventory costs. The author of the book attempted to present the content in an interactive manner so that the reader can learn the concepts comfortably assuming himself involved in the process. The author of this book has ample experience in manufacturing industries for around 11 years and as a Professor in Mechanical Engineering for around 17 years. All the academic, industrial and research experiences have been blended in bringing the best content for the budding Engineers and Managers working in responsible positions to take inventory related decisions in different types of industrial organizations. It is assured that the reader will enhance his abilities in materials management after completely understanding the concepts in this book.
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Decision Theory and Games
Dr. Madhusudhana Rao Cuddapah
Decision making is an integral part of Management process in any business. The Managers need to take decisions in different situations, under different conditions or constraints, competitive environments and market scenarios. This book explains different models in decision theory. The approach is more practical and makes the reader to involve himself as a decision maker. Decision tree approach, Game theory and other related models used to solve different decision problems are explained in detail.
In business management sense, ‘Game’ is the competition between two or more companies in a particular industry sector. The Business owners use different strategies to win their competitors in business. This book presents different methods such as arithmetic, algebraic, graphical and linear programming methods to solve the games. Decision theory is very important subject to understand strategic management because there exists a guess (we must anticipate) on what the competitor will do when we adapt a particular strategy? We have to think and play in favour of one of the players and find the result of the game. The reader is also advised to assume himself as a player to clearly understand the outcome of different strategies adapted in favour of one of the players.
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Queuing Theory and Problems
Dr. Madhusudhana Rao Cuddapah
When ever the capacity of service facility is insufficient to serve all the approaching customers at a time, a waiting line of customers is formed which is called a "QUEUE". The phenomenon of formation of a queue is quite interesting and grabbed the attention of several researchers to study the queuing parameters in order to minimize the number of waiting customers and their valuable time. In any country, if you observe, the population who are waiting in one queue or the other, all the time spent by them waiting to get the service is unproductive and it badly effects the country’s productivity. In order to overcome this, we must be in a position to understand what is a queue? How it is formed? What should be the optimal service level which is affordable by the business (system) so that the total cost (i.e., the waiting time cost of the customers and the cost of operating the service facility) is minimum.
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