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MATERIALS MANAGEMENT (Functions; (Inspection & quantity control,…
MATERIALS MANAGEMENT
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Aims;
- maximizes economics in purchasing, production process and customer satisfaction.
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Foklift
Definition;
- Is a vehicle with a pronged device in front for lifting and carrying heavy loads
- Also called as a lift truck, a fork truck, or a forklift truck) is a powered industrial truck used to lift and move materials short distances
Disadvantages;
- Need for training on the proper use of the forklift battery
- Higher initial cost compared to IC Lift Trucks (Electric Forklift)
- present a very significant hazard to people occupying the same workspace
Advantages;
- Huge variety of brands and models
- Lower Total Cost Ownership (TCO)
- Makes work speedier
- Longer life
Objectives;
Primary (external)
- Working capital
- Economy purchase
- Lowering inventory investment
- Increasing inventory turnover
- Responding market changes
- Right price
Secondary (internal)
- Planning & forecasting
- Make or buy decision
- New material & product
- Standardization
- Product improvement
- Inter-department harmony
What is?
Material management & Logistics;
- 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.
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Purpose;
- maximizes customer services
- maximizes efficiency of purchasing & production
- maximizes inventory management
- maximizes profit