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MATERIAL MANAGEMENT (RELATIONSHIP BETWEEN LOGISTICS AND MATERIAL…
MATERIAL MANAGEMENT
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DEFINITION
The planning and controlling of the functions supporting the complete flow of materials and the associated flow of information
These function include:
-Identification
-Material Planning & Control
-Standardization
-Scheduling
-Procurement
-Quality Control
-Packaging
-Storage
-Inventory Control
-Distribution
PURPOSE
- 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
- to provide reasonable level of client services