Question

Material management meaning,importance and function

Answer 1

functions :

Material Management covers all aspects of material cost ,supply and utilisation.

the functional areas usually include purchasing, production control and shipping and receiving and storing .

importance :

it is as important as manufacturing and Engineering and Finance . the supply of proper quality of materials is essential for manufacturing standard products . it is essential for every concern .

meaning:

material management is an approach for planning organising and controlling all those activities principally concerned with the flow of materials into organisation .

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