Question

What do mean by material management?Explain the needs of inventory control anf purchase management?

Answer 1

Materials Management thus can be defined as that function of business that is responsible for the coordination of planning, sourcing, purchasing, moving, storing and controlling materials in an optimum manner so as to provide service to the customer, at a pre-decided level at a minimum cost.

Answer 2

Answer:

⭐⭐ Material management is a scientific technique, concerned with Planning, Organizing &Control of flow of materials, from their initial purchase to destination. ⭐⭐