This course aims to provide students with a comprehensive understanding of the materials management function, encompassing both purchasing and warehousing, and its evolution towards a strategic logistics approach. It focuses on the nature of the purchasing function, its components and strategies, with particular emphasis on the mathematical aspects of determining the economic order quantity (EOQ), purchasing capital equipment, selling industrial waste, and purchasing information systems. The course also aims to clarify the concepts of warehousing and logistics support, define storage levels with a focus on quantitative mathematical aspects, and explain logistics support procedures.…