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Distribution planning Control and logistics management Both of the above Neither of the above
Material management is an approach for planning, organizing, and controlling all those activities principally concerned with the flow of materials into an organisation.
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 fundamental objectives of the Materials Management function ,often called the famous 5 Rs of Materials Management, are acquisition of materials and services
Both of them
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The answer neither of the above.
Thanks for the invite ............................ Neither of the above
Hello Team,
Materials management concept is to manage resources in an integrative way for national economic development. This is possible with the development Management Information System (MIS), technological innovations and selection of economic and newly-developed materials for manufacture. It is the management’s responsibility to develop the materials management system.
Materials management can deal with campus planning and building design for the movement of materials, or with logistics that deal with the tangible components of a supply chain. Specifically, this covers the acquisition of spare parts and replacements, quality control of purchasing and ordering such parts, and the standards involved in ordering, shipping, and warehousing the said parts.
Regards,
Saiyid
The anser is neither of the above.
Distribution planning and control and logistics movement both constitute material management
Both above .
Materials planning.it is the art of allowing smooth flow of raw materials to be converted to end products.it involves keeping save inventory levels and never to plann a stock out.
Both of the above ================= is the right answer
