The document discusses key aspects of materials management including purchasing, transportation, storage, and global sourcing. It describes how materials management encompasses functions beyond just MRP like purchasing, warehousing, and distribution. It also discusses trends towards sourcing models and the importance of handling materials and choosing transportation. Purchasing is a major focus as it relates to cost control and value-based decisions. Just-in-time purchasing supports JIT production but requires long term supplier partnerships and collaboration. Global sourcing involves coordinated cross-border efforts but faces political and customs barriers.