Functions of Materials Managemnet

The materials which are required for the production purposes are normally procured and stored in raw materials warehouses  and they are shifted to manufacturing plants if an organization has a number of plants.

Functions of Materials Managemnet:

The different functions of material management are material planning, purchasing, receiving, stores, inventory control, scrap and surplus disposal.

What are the advantages of materials management?

The integrated materials management will result in the following advantages:

a.      Adaptability to computerized system.

b.      Better accountability.

c.       Better performance.

d.      Better coordination.