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MATERIAL MANAGEMENT (THE FUNCTIONS OF MATERIAL MANAGEMENT
:check:Material…
MATERIAL MANAGEMENT
THE FUNCTIONS OF MATERIAL MANAGEMENT
:check:Material management covers all aspects of material costs, supply and utilization. The functional areas involved in material management usually include purchasing, production control, shipping, receiving and stores.
:white_flower: Production and Material Control
Production manager prepares schedules of production to be carried in future. The requirements of parts and materials are determined as per production schedules. Production schedules are prepared on the basis of orders received or anticipated demand for goods. It is ensured that every type or part of material is made available so that production is carried on smoothly.
:white_flower: Purchasing
Purchasing department is authorized to make buying arrangements on the basis of requisitions issued by other departments. This department keeps contracts with suppliers and collects quotations etc. at regular intervals. The effort by this department is to purchase proper quality goods at reasonable prices. Purchasing is a managerial activity that goes beyond the simple act of buying and includes the planning and policy activities covering a wide range of related and complementary activities.
:white_flower: Transportation
The transporting of materials from suppliers is an important function of materials management. The traffic department is responsible for arranging transportation service. The vehicles may be purchased for the business or these may be chartered from outside. It all depends upon the quantity and frequency of buying materials. The purpose is to arrange cheap and quick transport facilities for incoming materials.
:white_flower: Materials Handling
It is concerned with the movement of materials within a manufacturing establishment and the cost of handling materials is kept under control. It is also seen that there are no wastage or losses of materials during their movement. Special equipment’s may be acquired for material handling.
:white_flower: Receiving
The receiving department is responsible for the unloading of materials, counting the units, determining their quality and sending them to stores. The purchasing department is also informed about the receipt of various materials.
OBJECTIVES
PRIMARY
:cherry_blossom: Right price
:cherry_blossom: High turnover
:cherry_blossom: Low procurement
& storage cost
:cherry_blossom: Continuity of supply
:cherry_blossom: Consistency in quality
:cherry_blossom: Good supplier relations
SECONDARY
:star2: Forecasting
:star2: Inter-departmental harmony
:star2: Product improvement
:star2: Standardization
:star2: Make or buy decision
:star2: New materials & products
WHAT IS FORKLIFT
A powered industrial truck used to lift and move materials short distances and usually using in warehouse also manufacturing operation. 
ADVANTAGE
:dolphin: Operating costs can be lower than internal combustion models
:dolphin: Electric forklifts do not require engine oil or coolant fluids, so replacing and disposing of these fluids is not necessary
DISADVANTAGE
:rabbit2:
Heavy batteries may require a special lifts for changing
:rabbit2: Typically a higher cost
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DEFINITION
Material management is a scientific technique, concerned with Planning, Organizing &Control of flow of materials, from their initial purchase to destination.
PURPOSE OF MATERIAL MANAGEMENT
:<3: To gain economy in purchasing
:<3: To satisfy the demand during period of replenishment
:<3: To carry reserve stock to avoid stock out
:<3: To stabilize fluctuations in consumption
:<3: To provide reasonable level of client services