function of Material-Management

Jun 28th, 2015
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Abilene Christian University
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DEFINITION - Material management is defined as an approach for planning , organizing ,and controlling all those activities principally concerned with the flow of materials into an organization. This includes the storage of raw material and parts and the manning of production operation centres.

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Itmeans controllingamount, location,movement,andtimingofvariouscommodities used in production by industrialenterprises. Materialmanagement is the planning,directing, controlling and coordinating thoseactivities concerned with materials andinventory requirements, from the point ofinception to their introduction into themanufacturing process. This is the basic function of business whichadds value directly to the product itself.General Electric Company of U.S.A who arepioneers in Material management listedfunctions of material management as: Planning and programming for materialspurchase Stores and stock control Receiving and issue of the material Transportation and material handling of thematerial Disposal of scrap and surplus materials. Materialselection Low operating costs by maintaining thequality Receiving and controlling material safelyand in good condition Issue material upon receipt of appropriateauthority Identification of surplus stocks and takingappropriate measures to reduce it. Decisionstage- Co-ordination of supplierdevelopment, guiding design decisions,introducing new materials and someminor changes in the production process. Sourcing stage- Make or buy decision,procurement facilities etc. Production planning stage- Preparation ofmaster schedule, calculation of materialrequirements etc. Stageof ordering- Placing the orders,follow up, packaging and tr

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