Material management
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Material management involves planning, directing, and coordinating activities related to materials and inventory. It aims to control material flow in relation to demand changes and prices. The objectives of material management are to select materials with low operating costs and good quality, receive and control materials safely, issue materials with proper authorization, identify and reduce surplus stocks, minimize storage and control costs, purchase best quality items, and minimize waste during material handling.
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Material management
This document discusses material management in hospitals. It defines material management as planning, organizing, and controlling all materials from purchase to end use. It outlines the facilities, process, objectives, elements, and principles of ensuring the right material is procured in the right quantity, quality, time and price. It also discusses procurement methods, factors affecting procurement, inventory control methods, and the roles of nurses in material management.
Material management
material management ppt describe the what is material management, aim of material management, objective of material management and function of material management
MATERIALS MANAGEMENT
This document discusses material management in healthcare. It defines material management and lists its basic functions which include effective purchasing, inventory control, and distribution systems. The goals of material management are to have the right materials in the needed quantities and quality at the lowest possible price. Key aspects covered include demand forecasting, procurement, receipt and inspection of materials, storage, and issue and use of materials. Effective material management is important for delivering quality healthcare services on budget.
Material management
Material management involves planning, organizing, and controlling the flow of materials from initial purchase through use. It aims to obtain materials of the right quality, quantity, time, place, and cost. Key aspects include demand estimation, procurement, storage, inventory control methods like ABC and VED analysis, maintenance and repair of equipment, and disposal of condemned materials. Effective material management is crucial for providing necessary supplies to healthcare workers and delivering quality services to patients.
Inventory control ppt
The document discusses inventory control in hospitals. It defines inventory control and describes the objectives as maintaining the optimal level of supplies to efficiently order and store just the right amount needed for patients while tracking costs. It outlines different types of inventory including official and unofficial inventories. It also describes concepts like reorder levels, safety stocks, lead times, and costs of ordering, carrying, and shortages. Methods of selective inventory control are provided like ABC analysis.
Material management
The document discusses material management in healthcare facilities. It defines material management and outlines its key aims and principles, which include obtaining supplies of the right quality, quantity, time and place at the lowest cost. It describes the various functions and elements of material management like procurement, storage, inventory control and equipment maintenance. The primary objectives are economy, continuity of supply and developing good supplier relationships.
Material management
The document discusses material management in healthcare. It defines material management as the integrated functioning of purchasing and allied activities to achieve coordination and optimal expenditure on materials. The objectives of material management include reducing costs, maintaining continuous supply of materials, and standardization.
The key processes involved in material management are budgeting and planning, demand forecasting, procurement, receipt and inspection, storage, inventory control, distribution, and disposal. Effective material management procedures include taking regular inventories, requisitioning based on needs, receiving and inspecting incoming items, proper storage and protection of items, and ensuring proper use of items.
Material management
Materials management involves planning, organizing, and coordinating activities related to materials from procurement to disposal. It aims to procure the right quality and quantity of materials at the right time and price. The key functions of materials management include materials planning and programming, purchasing, stores, inventory control, transportation, and others. Effective materials management can reduce costs, improve quality, and ensure continuity of supply.
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Material management
This document discusses material management in hospitals. It defines material management as planning, organizing, and controlling all materials from purchase to end use. It outlines the facilities, process, objectives, elements, and principles of ensuring the right material is procured in the right quantity, quality, time and price. It also discusses procurement methods, factors affecting procurement, inventory control methods, and the roles of nurses in material management.
Material management
material management ppt describe the what is material management, aim of material management, objective of material management and function of material management
MATERIALS MANAGEMENT
This document discusses material management in healthcare. It defines material management and lists its basic functions which include effective purchasing, inventory control, and distribution systems. The goals of material management are to have the right materials in the needed quantities and quality at the lowest possible price. Key aspects covered include demand forecasting, procurement, receipt and inspection of materials, storage, and issue and use of materials. Effective material management is important for delivering quality healthcare services on budget.
Material management
Material management involves planning, organizing, and controlling the flow of materials from initial purchase through use. It aims to obtain materials of the right quality, quantity, time, place, and cost. Key aspects include demand estimation, procurement, storage, inventory control methods like ABC and VED analysis, maintenance and repair of equipment, and disposal of condemned materials. Effective material management is crucial for providing necessary supplies to healthcare workers and delivering quality services to patients.
Inventory control ppt
The document discusses inventory control in hospitals. It defines inventory control and describes the objectives as maintaining the optimal level of supplies to efficiently order and store just the right amount needed for patients while tracking costs. It outlines different types of inventory including official and unofficial inventories. It also describes concepts like reorder levels, safety stocks, lead times, and costs of ordering, carrying, and shortages. Methods of selective inventory control are provided like ABC analysis.
Material management
The document discusses material management in healthcare facilities. It defines material management and outlines its key aims and principles, which include obtaining supplies of the right quality, quantity, time and place at the lowest cost. It describes the various functions and elements of material management like procurement, storage, inventory control and equipment maintenance. The primary objectives are economy, continuity of supply and developing good supplier relationships.
Material management
The document discusses material management in healthcare. It defines material management as the integrated functioning of purchasing and allied activities to achieve coordination and optimal expenditure on materials. The objectives of material management include reducing costs, maintaining continuous supply of materials, and standardization.
The key processes involved in material management are budgeting and planning, demand forecasting, procurement, receipt and inspection, storage, inventory control, distribution, and disposal. Effective material management procedures include taking regular inventories, requisitioning based on needs, receiving and inspecting incoming items, proper storage and protection of items, and ensuring proper use of items.
Material management
Materials management involves planning, organizing, and coordinating activities related to materials from procurement to disposal. It aims to procure the right quality and quantity of materials at the right time and price. The key functions of materials management include materials planning and programming, purchasing, stores, inventory control, transportation, and others. Effective materials management can reduce costs, improve quality, and ensure continuity of supply.
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Material management
Material management in healthcare involves planning, procuring, and distributing the necessary medical supplies, equipment, and pharmaceuticals to deliver health services effectively. It aims to provide the right materials, in the right quantities, at the right time, place, and cost. Nurses play an important role in material management through activities like indenting, receiving, storing, and replenishing supplies, maintaining inventory and emergency stocks, and participating in procurement committees. The effectiveness of a healthcare organization's material management system can be evaluated through metrics like supply performance, cost-per-patient-day, and product evaluation committees. Proper material management is essential for healthcare personnel to work efficiently and deliver quality care.
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Material management
Material management involves planning, procurement, storage, and distribution of materials in a healthcare setting. It aims to ensure the right quality, quantity, and cost of supplies are available at the right time and place. Key aspects of material management include material planning through identification and forecasting of item needs, centralized or decentralized purchasing, inspection and quality control of incoming supplies, proper storage, inventory control, maintenance of supply records in an information system. The overall goal is efficient management of over 25-40% of healthcare expenditures spent on materials and supplies.
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This document discusses material management in healthcare organizations. It defines material management as planning, organizing, and controlling the acquisition, storage, and distribution of materials needed by healthcare personnel. The key functions of material management are planning and sourcing, budgeting, research, procurement, receiving, storage, accounting and control, issuing, disposal, and maintenance. Effective material management aims to obtain the right materials in the right quantity, quality, time, and place while reducing costs and avoiding stockouts. Principles like POSDCORB guide material planning and procurement processes.
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Materials management involves planning and coordinating all activities related to materials, from procurement to conversion into finished goods. The key objectives are to obtain the right materials, in the right quantity and quality, from the right sources, at the right time and price. This helps reduce costs and ensures smooth production operations. Effective inventory management is also important to minimize investment in inventory while avoiding stockouts and excess capacity.
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The document discusses material management in nursing. It defines materials as equipment, apparatus, and supplies used by healthcare organizations. Material management involves planning, controlling, and coordinating all activities related to materials from acquisition to use. It aims to ensure the right quality, quantity, time, place, and cost of materials and includes functions like purchasing, inventory control, and distribution of supplies. Effective material management principles include cost control, effective purchasing methods, and simple inventory programs.
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The document discusses material management. It defines material management as planning, organizing, and controlling the flow of materials from initial purchase through operations to distribution. The objectives of material management include minimizing costs, maintaining quality, and efficiently purchasing, receiving, transporting, and storing materials. Material management involves activities like procurement, inventory control, transportation, and disposal. It aims to ensure the right quality and quantity of materials are available at the right time and place for the right cost.
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Material management
Material management involves planning, organizing, and controlling the flow of materials from initial purchase through use. It aims to obtain the right quality and quantity of supplies at the right time and place at the lowest possible cost. Key aspects of material management include demand estimation, procurement, storage, inventory control, and disposal. Adopting sound material management principles can improve organizational efficiency.
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Material Management, History of Material Management, Functions of Material Management, Scope of Material Management, Aim of Material Management, Objectives of Material Management, Parameters related to Material Management, Activities involved in Material Management, Main departments of Material Management, MPL, PPC, Material and production planning and control, Stores and warehouse, Procurement, SCM Supply chain management, Inventory control, Techniques of Inventory control, ABC analysis, EOQ (Economic Order Quantity) Model, Inventory turnover Ratio, other inventory cost, Types of inventory cost, Challenges of Material Management
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Material management
The document discusses material management in hospitals. It defines material management as the planning, organizing, and control of supplies from initial purchase to final use. The key elements of material management are inspection, need determination, demand estimation, cataloging, quality control, standardization, inventory control, packaging, procurement, distribution, storage, scheduling, and condemnation/disposal. Effective material management ensures obtaining the right materials, of the right quality and quantity, at the right time and price from reliable suppliers. Inventory control is important to maintain optimal stock levels and deal with time lags, uncertainty, and economics of scale. Nurses play an important role in ensuring adequate, well-organized supplies are available as needed and not wasted.
Material management
Material management involves planning, directing, and coordinating activities related to materials and inventory. It aims to control material flow in relation to demand and price changes. The objectives of material management are to select materials with low operating costs and high quality, receive and control materials safely, issue materials with proper authorization, identify and reduce surplus stocks, minimize storage and control costs, purchase best quality items, and minimize waste during material handling.
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Material management in healthcare involves planning, procuring, and distributing the necessary medical supplies, equipment, and pharmaceuticals to deliver health services effectively. It aims to provide the right materials, in the right quantities, at the right time, place, and cost. Nurses play an important role in material management through activities like indenting, receiving, storing, and replenishing supplies, maintaining inventory and emergency stocks, and participating in procurement committees. The effectiveness of a healthcare organization's material management system can be evaluated through metrics like supply performance, cost-per-patient-day, and product evaluation committees. Proper material management is essential for healthcare personnel to work efficiently and deliver quality care.
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The document discusses management of equipment and supplies in hospitals. It outlines the objectives of material management which are to procure materials at the best price while minimizing costs. It also discusses efficient management including forecasting needs, selecting quality materials within budget, and proper receipt, storage and accounting of materials. The types of materials used in hospitals are described including drugs, supplies, equipment and facilities. Standards for quality and quantity of equipment are discussed. Inventory control aims to maintain optimal stock levels to meet demand. The nurse's role includes maintaining adequate supplies and equipment, minimizing waste, and educating staff on economical use of materials.
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Materials management involves planning and coordinating all activities related to materials, from procurement to conversion into finished goods. The key objectives are to obtain the right materials, in the right quantity and quality, from the right sources, at the right time and price. This helps reduce costs and ensures smooth production operations. Effective inventory management is also important to minimize investment in inventory while avoiding stockouts and excess capacity.
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Material management involves planning, organizing, and controlling the flow of materials from initial purchase through use. It aims to obtain the right quality and quantity of supplies at the right time and place at the lowest possible cost. Key aspects of material management include demand estimation, procurement, storage, inventory control, and disposal. Adopting sound material management principles can improve organizational efficiency.
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Material management
The document discusses material management in hospitals. It defines material management as the planning, organizing, and control of supplies from initial purchase to final use. The key elements of material management are inspection, need determination, demand estimation, cataloging, quality control, standardization, inventory control, packaging, procurement, distribution, storage, scheduling, and condemnation/disposal. Effective material management ensures obtaining the right materials, of the right quality and quantity, at the right time and price from reliable suppliers. Inventory control is important to maintain optimal stock levels and deal with time lags, uncertainty, and economics of scale. Nurses play an important role in ensuring adequate, well-organized supplies are available as needed and not wasted.
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Material management
Material management involves planning, directing, and coordinating activities related to materials and inventory. It aims to control material flow in relation to demand and price changes. The objectives of material management are to select materials with low operating costs and high quality, receive and control materials safely, issue materials with proper authorization, identify and reduce surplus stocks, minimize storage and control costs, purchase best quality items, and minimize waste during material handling.
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Materials management is a core supply chain function and includes supply chain planning and supply chain execution capabilities. Specifically, materials management is the capability firms use to plan total material requirements.
Material in cost accounting
Provides a detailed explanation of different aspects of material control. Very useful to undergraduate students of different universities and cost accounting professional students
Material management presentation
This document discusses various concepts related to material management. It defines material management as planning, organizing, and controlling the flow of materials from initial purchase through operations to distribution. It describes key functions like planning, procurement, inventory management, and storage. Different inventory models are explained including EOQ and ABC analysis for classification and control of inventory. Material accounting systems and roles of nurses in material management are also summarized.
Logistics.pptx
This document provides an introduction to logistics and distribution systems. It defines key terms and discusses the scope and components of logistics. Logistics involves the physical and information flows from raw materials to finished goods and aims to have the right resources in the right place at the right time. The document outlines factors like transportation, warehousing, packaging and inventory that are part of an integrated logistics system. It also discusses concepts like total cost approach, trade-off analysis, and the financial impact of logistics planning and control.
Material management
This document discusses materials management and purchasing. It introduces materials management as planning, directing, controlling, and coordinating activities related to materials from inception to use in manufacturing. The objectives of materials management are to ensure regular supply of quality materials while minimizing costs and stockouts. Purchasing is the first step in materials management and involves procuring goods and services from external sources. The goals of purchasing are obtaining the right materials, at the right price, time, quantity and quality from reliable sources. Procedures for purchasing include creating requisitions, selecting suppliers, placing orders, receiving materials, and processing payments.
Materials Managment System For Organizations
This document is a semester project on a material management system for organizations. It was prepared by a student for their Managerial Accounting course. The project defines material management and explains its objectives and scope, which includes activities related to planning, purchasing, storing, and controlling materials. It also outlines the key sub-functions of material management like materials planning and control, purchasing, inventory control, and stores management. Finally, it discusses why effective material management is important for organizations.
Similar to Material management (20)
Material management control power point presentation
Material management control power point presentation
More from Sartaj
Net marketplace
There are four main types of B2B e-commerce marketplaces: e-distributors, e-procurement exchanges, consortia, and private industrial networks. E-distributors provide catalogs of manufacturers' products for spot purchasing of indirect goods. E-procurement exchanges connect hundreds of suppliers for contractual purchasing of indirect goods. Consortia are industry-owned vertical markets that enable long-term contractual purchasing directly from a limited set of business partners. Private industrial networks bring together a small number of strategic partners to collaborate on highly efficient supply chains.
Net marketplace
There are four main types of B2B e-commerce marketplaces: e-distributors, e-procurement exchanges, consortia, and private industrial networks. E-distributors provide catalogs of manufacturers' products for spot purchasing of indirect goods. E-procurement exchanges connect hundreds of suppliers for contractual purchasing of indirect goods. Consortia are industry-owned vertical markets that enable long-term contractual purchasing directly from a limited set of business partners. Private industrial networks bring together a small number of strategic partners to collaborate on highly efficient supply chains.
Delegation of authority
1. Authority refers to the power or right to give orders, make decisions, and enforce obedience. It is the relationship between superiors who make decisions and subordinates who are expected to accept them.
2. There are different types of authority, including legal/formal authority given by law, traditional authority based on social relationships, and charismatic authority based on personality.
3. Delegation of authority is allowing someone to act on your behalf by performing tasks available to you, with the delegate having limited powers within the delegation policy. Effective delegation involves determining duties, authorizing action, and creating obligations.
Controlling
Controlling is the process of monitoring organizational activities to ensure they are accomplished as planned and taking corrective actions for any deviations. It is a forward-looking, continuous process exercised at all levels that helps ensure better performance, coordination, efficiency and effectiveness through establishing standards, measuring performance against those standards, and taking corrective action when needed. There are various techniques for controlling, including budgetary control, cost control, production planning and control, and non-budgetary techniques like return on investment analysis and management audits.
Acceptance sampling
Acceptance sampling is a quality control process used to determine if a sample of items meets certain standards, and whether to accept or reject the full lot. It helps balance the risks of accepting low quality products (consumer risk) versus rejecting high quality products (producer risk). Acceptance sampling can be applied at input, output, or process stages to monitor quality and make adjustments. A typical plan involves setting sample size, acceptance number, and deciding whether to accept or reject the full lot based on comparing defective items found to the acceptance number.
Net marketplace
There are four main types of B2B e-commerce marketplaces: e-distributors, e-procurement exchanges, consortia, and private industrial networks. E-distributors provide catalogs of manufacturers' products for spot purchasing of indirect goods. E-procurement exchanges connect hundreds of suppliers for contractual purchasing of indirect goods. Consortia are industry-owned vertical markets that enable long-term contractual purchasing directly from a limited set of business partners. Private industrial networks bring together a small number of strategic partners to collaborate on highly efficient supply chains.
Quality
Quality refers to the ability of a product or service to meet customer needs and expectations. There are several tools and techniques used to ensure quality, including ISO 9000 quality standards, quality control processes, quality circles, and different types of inspection. Statistical process control uses control charts to monitor quality and identify when a process is out of control. Control charts can be used for variables, which measure quantitative characteristics, or attributes, which classify items as defective or not.
Quality
Quality refers to the ability of a product or service to meet customer needs and expectations. There are several techniques used to ensure quality, including ISO 9000 quality standards, quality control processes, quality circles, and inspection processes. Control charts are used to monitor quality and identify when a process is out of control by plotting metrics like mean, range, defects per unit, or number of defects over time. Control charts can be for variables, to monitor measurable characteristics, or attributes, to monitor pass/fail outcomes.
Just in time
Just-in-time (JIT) inventory control aims to reduce in-process inventory by having materials arrive just as they are needed in manufacturing. JIT is most successful for repetitive manufacturing companies that can accurately forecast sales and produce standardized products from reliable vendors on schedule. Key elements of JIT include eliminating waste, problem solving, reducing inventory, and purchasing materials just in time for production through small, frequent lots.
Tqm
Total quality management focuses on customer focus, continuous improvement, and teamwork. Its core concepts include quality for profit, getting it right the first time, acceptable quality levels, cost of quality, involving everyone, and synergy through teamwork. The elements of a TQM program include training everyone in quality, defining quality at the source, employee participation, continuous improvement, preventive maintenance, involving suppliers, and gaining top management commitment.
Maintenance management
Maintenance management involves effectively planning and executing tasks to maintain equipment, assets, and facilities. The objectives of maintenance management are to maintain production assets and facilities in safe working condition, enhance existing assets to achieve environmental standards, and renovate and modify existing facilities. There are three main types of maintenance management: predictive maintenance which replaces items at fixed intervals based on monitoring, preventive maintenance which relies on average lifespans for scheduling, and corrective maintenance which fixes things after failure. The maintenance management process involves planning maintenance across production, scheduling work to minimize losses, executing work safely and with quality, and analyzing each phase's performance.
Production planning and control
This document outlines the key responsibilities of production planning and control which include preparing budgets and schedules, determining manufacturing methods, specifying equipment needs, designing tools, estimating material and labor requirements, planning production routes and schedules, assigning workloads, dispatching work orders, supervising production, inspecting outputs, and taking corrective actions as needed.
Material management
Material management involves planning, directing, and coordinating activities related to materials and inventory. It aims to control material flow in relation to demand and price changes. The objectives of material management are to select materials with low operating costs and good quality, receive and control materials safely, issue materials with proper authorization, identify and reduce surplus stocks, minimize storage and control costs, purchase best quality items, and minimize waste during material handling.
Job recruitment
The document discusses the job recruitment process, which involves finding and attracting qualified applicants. It begins when a company seeks new recruits and ends when applications are submitted, resulting in a pool of candidates to select new employees from. The purposes of recruitment are to determine current and future staffing needs, attract a large applicant pool at low cost, and increase selection success by screening candidates. Sources of recruitment include internal promotions/transfers and external options like ads, agencies, exchanges, educational institutions, and recommendations. Methods of recruitment are direct contact with candidates, indirect advertising, and using third parties.
Performance appraisal
Performance management involves evaluating employees based on agreed upon performance standards and goals in order to ensure employees are working towards organizational objectives. It includes defining employee goals and expectations, developing employee capabilities, evaluating performance, and rewarding employees. Effective performance management requires setting measurable goals for employees, evaluating employees based on achieving those goals, and ensuring employee goals align with broader organizational goals. Feedback should be provided to employees on their performance and areas for improvement.
Selection
The document discusses the selection process for hiring employees. It describes selection as dividing applicants into suitable and unsuitable candidates based on matching their qualifications to job requirements. The key steps of the selection process include preliminary interviews, application forms, selection tests, employment interviews, reference checks, and medical examinations. Selection tests evaluate aptitude, skills, knowledge, personality, and other traits. Interviews allow verification of information and evaluation of a candidate's qualifications and characteristics. Different types of interviews, like structured and stress interviews, are discussed. Common errors in interviewing like halo effects and stereotyping are also outlined.
Staffing
The document discusses key aspects of staffing, including definitions, importance, and factors affecting staffing. It also outlines the process of job analysis, which involves collecting data about jobs, developing job descriptions and specifications. Job analysis defines the tasks, duties, responsibilities, qualifications and skills required for particular jobs. The goal is to integrate individual and organizational needs through job design methods like job simplification, rotation, enlargement and enrichment.
Online marketing communications
The document discusses various online marketing communication (OMC) methods used by online firms. It describes that OMC has two main purposes - to strengthen a firm's brand and promote sales. Some key OMC methods mentioned are online advertising, direct email marketing, online catalogs, and public relations. Online advertising options discussed include banner ads, paid search placement, sponsorships, and affiliate relationships. The document also notes that successful marketing campaigns often use a mix of both online and offline communications.
Online marketing communications
The document discusses various online marketing communication (OMC) methods used by online firms. It describes that OMC has two main purposes - to strengthen a firm's brand and promote sales. Some key OMC methods mentioned are online advertising, direct email marketing, online catalogs, and public relations. Online advertising includes banner ads, paid search placement, sponsorships, and affiliate relationships. Direct email is described as emails sent to interested users, not spam. The document also notes that often the most successful marketing campaigns combine both online and offline methods.
Online marketing communications
The document discusses various online marketing communication (OMC) methods used by online firms. It describes that OMC has two main purposes - to strengthen a firm's brand and promote sales. Some key OMC methods mentioned are online advertising, direct email marketing, online catalogs, and public relations. Online advertising includes banner ads, paid search placement, sponsorships, and affiliate relationships. Direct email is described as emails sent to interested users, not spam. The document also notes that most successful online marketing campaigns combine both online and offline communications.
More from Sartaj (20)
Material management
- 2. 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.
- 3. 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
- 4. 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 )
- 5. 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
- 6. 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
- 7. 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