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MATERIAL MANAGEMENT (What is material handling and logistics? (Material…
MATERIAL MANAGEMENT
- What is material handling and logistics?
Material Handling is defined as a short-distance movement that usually takes place within the confines of a building such as plant or distribution center and between a building and a transportation service provider.
Logistics is a part of supply chain management that plan, implement and control the efficient, effective forward and reverse flow and storage of goods, services and related information between the point of origin and the point of consumption in order to meet customer's requirement.
- What are the aim of material management?Discuss with related “R” in materials management.
The aim of material management is to deliver
right things at the right time with the right control and procedure.
R's in material management:
Right sources
Right price
Right quantity
Right quality
Right time
Right place
- Explain the objectives of material management.
Secondary Objectives
Promotional and standardization with suppliers
Development reciprocal relations with customers
Committees to decide on economic make
Development of inter departmental relationships
Can undertake acquisitions
Primary Objectives
Buying the best items at the lowest cost
Reduction in inventory cost & high inventory turnover
Maintaining the flow production & consistency of quality
Optimization of acquisition & possession
Cordial relationship with supplier
Maintaining good records
Contribution towards competitiveness
- What is forklift? What are the advantages and disadvantages of using the forklift.
A forklift also called a lift truck, a fork truck, or a
forklift truck. it is a powered industrial truck used
to lift and move materials short distances. A small
vehicle with two power-operated prongs at the
front that can be slid under heavy loads and then
raised for moving and stacking materials in
warehouses, shipping depots. There are two
types of forklift which is electric forklift and diesel
forklift.
Advantage of forklift
- Electric forklifts is that they have zero emission, which cause safe
and healthy environment.
- Less noise pollution
- No fuel cost
Disadvantage of forklift
- Speed is slow
- Capability of lifting weight is lower than other forklifts
- The charging takes a lot of time, and it is recommended not to run
them until they are fully charged.
- How material handling and logistics work?
Material handling is one of the logistics activity that take place within a plant or distribution center which the physical transfer of the product from one party to another party as supply chain is linked together. Material handling process generally receive little public attention but it is one of the most important activity in logistics.
- Discuss on statement 'material handling and logistics makes the supply chain work'?
Material handling and logistics is very important in supply chain management because they are linked together. The movement of the product from the point of origin to another point of consumption will be more efficient and effective. it is work to enhance the production of the product with the technology advance support. it is also help to improve the supply chain forecasting, resources allocation, product planning and also increased the visibility and tracking in the supply chain process,
- What are the functions of material management? Briefly discuss.
Material planning & programming
Raw material purchase
Receiving, store keeping &
warehousing
Issuing of material
Inventory control
Transportation of materials
Vendor rating
Vendor development
Disposal of scrap and surpluses
- Discuss the term of material management.
Material management is an end to end (E2E) scientific technique of planning, organize and control of flow of the material from its purchase to final destination.
The term for material management is water tank analogy where consist of supply rate and inventory level.
- Briefly explain the purpose of material management.
The purpose of materials management into maximizing customer service, profits,
inventory management and efficiency of
purchasing and production.