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material management (objectives of Material Management (to maintain a high…
material management
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definition
material handling : movement,protection, storage & control of material&product throughout manufacturing, warehouse, distribution, consumption&disposal
logistics : Logistics is that part of the supply chain process that plans, implements, and controls 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 customers’ requirements
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aim of material management : to get
- the right quality
2.right quantity supplier
- at the right time
- at the right place
- for the right cost