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Material management

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    Material management Material management Presentation Transcript

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