materials management presented by sandeep tiwari
Post on 28-Dec-2015
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Materials Management
Presented by Sandeep tiwari
Session Content Definition of material management.
Function of material management.
Importance of material management
Objective of materials management
Integrated materials management
Aims of integrated materials management
Advantage of integrated materials management
Definition It is controlling the kind , amount, location,
movement, and timing of the various
commodities used in and produced by the
industrial enterprise.
Function of materials management Materials planning
Purchasing of materials
Reducing store –keeping and warehousing
Transportation and materials handling
Standardisation simplification and value
analysis
Imporantance of material management
It helps to avoid wastage to a greater extent.
It help in efficient and judicious purchasing ,
minimising wastages in handling , storing and
transporting the material and the utilisation
of materials very efficiently.
It helps reducing the cost of finished goods
and maintaining the quality.
Objective of material managementTo ensure uniform flow of materials for
production.To ensure right quality of products at the
right time.To ensure and maintain good relationship
with customerTo reduce material cost
Contd.To increase the profit of the concern.
To contribute towards competitivess.
It also aims at procuring and providing
materials of desired quality at the lowest
possible overall cost of the concern.
Integrated materials managementManagement of materials is one of the most
important function of a business organisation.
its importance may vary from one industry to
another but it is most important for a
manufacturing organisation as it is directly
linked with profitability.
Aims of integrated materials managementCost reduction
Elimination of waste
Completion of work as per the production
schedule.
Advantage of integrated materials management
Advantage to the department
Material availability
Efficient coordination
Better communication
Improved productivity and incressed
profitability
Advantages of organisationWell coordinated efforts
Centralised authority and resposibility
Materials manager benefited
Performance evaluation
Thank You
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