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