Materials management bring about increased productivity of capital by
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A. very strict control overuse of materials
B. increasing the efficiency of workers,
C. preventing large amounts of capital locked up for long periods in the form of inventory
D. to apply the principles of capital management
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option C is the right answer
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It increases productivity by preventing large amounts of capital locked up for long periods in the form of inventory
- It is a prime function of supply chain management.
- Planning for resources, obtaining the proper quantity and quality, and keeping the materials correctly for efficient manufacturing are all included in this concept.
- Each of these requirements must be precisely satisfied in order to reduce delays, reorder time delays, and other things.
- Additionally, it avoids keeping huge sums of capital in inventory for an extended period of time.
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