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Definition <ul><li>Material management is the planning , directing , controlling and coordinating those activities which a...
Objectives Of Material Mgmt. <ul><li>Material Selection </li></ul><ul><li>Low operating cost (without affecting the qualit...
Duties Of Material Manager <ul><li>Purchasing of raw material </li></ul><ul><li>- Selection of suppliers </li></ul><ul><li...
Factors responsible for providing economy in Material Mgmt. <ul><li>Volume of purchase </li></ul><ul><li>Plant near the so...
Importance of Material Mgmt. <ul><li>Ensure regular supply of material </li></ul><ul><li>Minimizes waste </li></ul><ul><li...
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Material management

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Transcript of "Material management"

  1. 2. Definition <ul><li>Material management is the planning , directing , controlling and coordinating those activities which are concerned with material and inventory. </li></ul><ul><li>It deals in material quality and quantity </li></ul><ul><li>Controls the flow of material in relation to changes in variables like demand , price. </li></ul>
  2. 3. Objectives Of Material Mgmt. <ul><li>Material Selection </li></ul><ul><li>Low operating cost (without affecting the quality) </li></ul><ul><li>Receiving and controlling the material safely and in good condition </li></ul><ul><li>Issue material upon receipt of appropriate authority </li></ul><ul><li>Identification of surplus stocks and taking appropriate measures to reduce it </li></ul><ul><li>To minimize storage and control costs </li></ul><ul><li>By minimizing waste while handling of material </li></ul><ul><li>To purchase items of best quality </li></ul>
  3. 4. Duties Of Material Manager <ul><li>Purchasing of raw material </li></ul><ul><li>- Selection of suppliers </li></ul><ul><li>- Delivery of material on time </li></ul><ul><li>- To look for new products </li></ul><ul><li>Production control </li></ul><ul><li>- Proper schedules for production </li></ul><ul><li>- Time control </li></ul><ul><li>Inventory and stores control </li></ul><ul><li>- Record of inventory </li></ul><ul><li>Traffic (shipment of RM & FG ) </li></ul><ul><li>- Selection of carriers </li></ul><ul><li>- Developing technique to reduce transportation cost </li></ul><ul><li>Physical distribution ( final goods to customers ) </li></ul>
  4. 5. Factors responsible for providing economy in Material Mgmt. <ul><li>Volume of purchase </li></ul><ul><li>Plant near the source of material </li></ul><ul><li>Fluctuations in price of material </li></ul><ul><li>Design and engineering of the product ( design of the product should be simple so that </li></ul><ul><li>Design of the equipment </li></ul><ul><li>Inspection of the material before placing the order </li></ul>
  5. 6. Importance of Material Mgmt. <ul><li>Ensure regular supply of material </li></ul><ul><li>Minimizes waste </li></ul><ul><li>Transportation costs associated with material are checked </li></ul><ul><li>Shortages can be eliminated </li></ul><ul><li>Better utilization of resources </li></ul><ul><li>Timely supply of raw material </li></ul>
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