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MATERIALS MANAGEMENT (MATERIAL MANAGEMENT ((AIM (Right thing at the right…

- - - - Material Handling and Logistics is the cornerstone of global productivity.
        
        Why is Material Handling and Logistics so important? Imagine if:
        
        Material Handling and Logistics didn't work.
        
        It stopped altogether.
        
        Luckily the Material Handling and Logistics industry is vibrant and growing, and constantly innovating with new ways to get things where they need to be quicker and more efficiently.
        
        This present tremendous and lucrative opportunities for employment in Material Handling and Logistics now and in the future.
- - - - Right thing at the right time with right control and procedure.
        
        Maximizes economics in purchasing, production process and customer satisfaction.
    - - Right Source
        
        Right Price
        
        Right Quantity
        
        Right Quality
        
        Right Time
        
        Right Place
  - - - Efficient use of working capital.
        
        Economy of purchase.
        
        Lowering storage cost.
        
        Lowering inventory investment.
        
        Increasing the inventory turnover.
        
        Responding the market changes.
        
        Providing best services to the customers.
        
        Better supplier relationship.
        
        Good information system.
        
        Continuity of supply.
        
        Consistency in quality.
        
        Right Price.
    - - Planning and forecasting.
        
        Make or buy decisions.
        
        New materials and products.
        
        Standardization.
        
        Product improvement.
        
        Inter-departmental harmony.
  - - - An end to end (E2E) scientific technique of planning, organizing and control of flow of materials from it purchase to final destination.
- - - - ADVANTAGES:
        
        Doesn’t generate or release any harmful emissions into the air.
        
        Easier to maneuver around small, tight spaces, and don’t require their drivers to use a clutch.
        
        Has less moving parts and a rechargeable battery.
        
        DISADVANTAGES:
        
        The initial investment is higher due to the need for a battery and charger.
        
        Must wait until the battery is fully recharged before using it.
        
        Battery, electrical components, and circuitry should not be exposed to the elements for prolonged periods of time.
  - - - ADVANTAGES:
        
        Ideal for outside applications and able to function at full capacity in wet or damp weather.
        
        Easily accessible 24 hours a day, there’s no downtime with this option since the user simply needs to refill the tank with diesel fuel when it gets low.
        
        No extra space must be reserved for a special battery charging station and it can be parked wherever it is convenient.
        
        DISADVANTAGES:
        
        The noise and fumes emitting from the diesel fuel can be still intolerable for some workers.
        
        Bigger and bulkier than the compact-sized electric-powered lift.
        
        Requires more room for overall storage inside a warehouse or plant.