Role of material_management

Jun 28th, 2015
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Maintenance Materials Management • Generally in the US, the stores investments as percent of estimated replacement value is 1.2% to 1.9%. • Cost of maintenance materials varies from 2/3 to 1.5 times the direct store management labor cost.

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MATERIAL MANAGEMENTByDR.I.SELVARAJ, I.R.M.SSr.D.M.O (Selection Grade Officer) (on study leave),INDIAN RAILWAYS MEDICAL SERVICEB.Sc., M.B.B.S., D.P.H (Madras medical college, Recognized by MCI).,D.I.H., PGCH&FW (NIHFW, New Delhi)III rd year Post graduate student in M.D Community medicineDepartment of Community medicineSree Ramachandra Medical College,Porur,ChennaiDefinitionIt is concerned with planning, organizing andcontrolling the flow of materials from their initialpurchase through internal operations to the servicepoint through distribution.ORMaterial management is a scientific technique,concerned with Planning, Organizing &Control of flowof materials, from their initial purchase to destination.AIM OF MATERIAL MANAGEMENTTo get1. The Right quality2. Right quantity of supplies3. At the Right time4. At the Right place5. For the Right costPURPOSE OF MATERIAL MANAGEMENTTo gain economy in purchasingTo satisfy the demand during period of replenishmentTo carry reserve stock to avoid stock outTo stabilize fluctuations in consumptionTo provide reasonable level of client servicesObjective of material managementPrimaryRight priceHigh turnoverLow procurement& storage costContinuity of supplyConsistency in qualityGood supplierrelationsDevelopment ofpersonnelGood informationsystemSecondaryForecastingInter-departmentalharmonyProduct improvementStandardizationMake or buy

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