Raw Materials Purchasing

Raw Materials Purchasing

An Operational Research Approach

1st Edition - January 31, 1985

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  • Author: B. G. Kingsman
  • eBook ISBN: 9781483297262

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A systematic study of commodity purchasing analysed from an operational research viewpoint and based on numerous case studies.


For operational research practitioners who are involved in studies in the purchasing area in cooperation with buyers; purchasing managers responsible for buying raw materials; and students of operational research methodology.

Table of Contents

  • The commodity purchasing context. Commodity price movements. Some practical buying examples. The components of the commodity purchasing decision. Measuring tactical purchasing performance. Purchasing partially substitutable basic raw materials - the blending problem. Scheduling the delivery of linseed oil requirements. Medium-term price forecasting. A market barometer for world linseed prices. Price determination and price forecasting in the world maize market. Models for the tactical buying problem. Practical implementation of the decision price break policy: Case study 1 - day-to-day cereals buying. Case study 2 - daily copper buying. Organising a study of raw material purchasing. References. Sources of trade information published regularly. Name index. Subject index.

Product details

  • No. of pages: 407
  • Language: English
  • Copyright: © Pergamon 2014
  • Published: January 31, 1985
  • Imprint: Pergamon
  • eBook ISBN: 9781483297262

About the Author

B. G. Kingsman

Affiliations and Expertise

University of Lancaster, UK

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