Importance of Materials Management



  1. Lower prices for materials and equipment
  2. Faster inventory turnover
  3. Continuity of supply
  4. Reduced lead time
  5. Reduced transportation costs
  6. Less duplication of efforts
  7. Elimination of buck-passing
  8. Reduced materials obsolescence
  9. Improved supplier relationships and better records, and information
  10. Better interdepartmental cooperation
  11. Personnel development
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