Question

What are the various cost universe in material management?

Answer 1

Types of Materials The various types of materials to be managed are: (i) Purchased materials: They are raw materials, components, spare parts, oils, grease, cotton waste, consumables and tools. (ii) Work in process (WIP) materials: These are semi-finished and finished parts and components lying on the shop floor.

Answer 2

Answer:

➡ Types of Materials The various types of materials to be managed are: (i) Purchased materials: They are raw materials, components, spare parts, oils, grease, cotton waste, consumables and tools. (ii) Work in process (WIP) materials: These are semi-finished and finished parts and components lying on the shop floor.