The field of materials management has its own significance in the industrial and business environment. This incorporates procurement as well as production of items. In this context, certain factors play very important role. A detailed understanding of these factors is necessary for knowing the implications pertaining to their variation among other issues. This book on Materials Management covers a good understanding of relevant conceptual topics and various parameters involved in the analysis of inventory situations. Several numericals, practical examples and cases are explained, considering relevant situation along with the different industrial and managerial aspects, making it a useful resource for students as well as instructors. It will also be helpful in generating various projects in engineering and allied management areas.