Material Management

We provide the best approach for planning, organizing, and controlling all those activities principally concerned with the flow of materials into an organisation.

Scope of Materials Management

The scope of Materials Management varies greatly from company to company and may include material planning and control, production planning, Purchasing, inventory control, in-plant materials movement, and waste management. It is a business function for planning, purchasing, moving, storing material in a optimum way which help organisation to minimise the various costs like inventory, purchasing, material handling and distribution costs.

The key objectives of MM are

To buy at the lowest price , consistent with desired quality and service
To maintain a high inventory turnover , by reducing excess storage , carrying costs and inventory losses occurring due to deteriorations , obsolescence and pilferage
To maintain continuity of supply , preventing interruption of the flow of materials and services to users
To maintain the specified material quality level and a consistency of quality which permits efficient and effective operation
To develop reliable alternate sources of supply to promote a competitive atmosphere in performance and pricing
To minimize the overall cost of acquisition by improving the efficiency of operations and procedures
To hire, develop, motivate and train personnel and to provide a reservoir of talent
To develop and maintain good supplier relationships in order to create a supplier attitude and desire furnish the organisation with new ideas , products, and better prices and service
To achieve a high degree of cooperation and coordination with user departments
To maintain good records and controls that provide an audit trail and ensure efficiency and honesty
To participate in Make or Buy decisions