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Material Management (Objective of material management (Efficient use of…
Material Management
Objective of material management
Efficient use of working capital
Economy of purchase
Lowering storage cost and inventory investment
Increase inventory turnover
planning and forecasting
standardization
product improvement
make decision
Function of material management
Material handling and sourcing
Transportation and material handling
Inspectation quality control
Store-keeping and warehousing
Cost reduction through value analysis
Disposal of surplus
How material handling and logistic work?
Information technology
automotive identification
Storage equipment
Convey equipment
Safety equipment
Material Handling and logistic
Efficient short distance movement between buildings and a transportation agency
It is used to increase effective capacity, minimize aisle space, reduce product handling and develop an effective working condition
It focus on four dimension which is movement, time, quantity and space
Material handling and logistic make supply chain works
The activity of material handling cover all the aspect in the movement of raw material which it can enhance the speed and the material movement through the supply chain
Term of material management
Material management is an end to end (E2E) scientific technique of planning, organizing and control of flow of materials form its purchase to final destination
Aim of Material management
To deliver the right things at the right time with the right control
Right time
Right price
Right quantity
Right source
Right quality
The purpose of Material management
The purpose of material management is to gain economy in purchasing, to satisfy the demand during period of replenishment, to carry reserve stock to avoid stock out, to stabilize fluctuations in consumption and to provide reasonable level of client services
Forklift
A vehicle with a pronged device in front for lifting and carrying heavy loads
Battery consuming
Only usable in indoor
Charging cost alot of time