Role of material_management

Jun 28th, 2015
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Abraham Lincoln University
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: Material management can be defined as ‘the process of management which coordinates, supervises and executes the task associated with flow of materials to through and out of an organization in an integrated fashion.

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1. Define material management, its objectives and functions.Ans.Introduction: Challenges faced by hospitals are-Minimum cost of inventoryCritical items like certain medicines, tubes etc .have to be available at all timesMany drugs have short shelf life or have to be stored at particular temperature; newer technology makes hospital equipment obsolete within very short period.All the above factors and many more make material management a challenge in hospitals.Definition: Material management can be defined as the process of management which coordinates, supervises and executes the task associated with flow of materials to through and out of an organization in an integrated fashion.It is the function responsible for the coordination of planning, sourcing, purchasing, moving, storing and controlling materials in an optimum manner so as to provide a pre decided service to the customer at minimum cost.Objectives and Functions of Materials Management:The objectives and functions of materials management can be categorized in two waysas follows:(I) Primary objectives(II) Secondary objectivesThey are discussed below:(I ) Primary objectivesWhich can be classified as:(i) Efficient materials planning(ii) Buying or Purchasing(iii) Procuring and receiving(iv) Storing and inventory control(v) Supply and distribution of materials(vi) Quality assurance4 / Materials and Financial Management(vii) Good supplier and customer relationship(viii) Improved departmental e

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