Aim of Material Management


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Aim of Material Management

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To get

  • The right quality
  • Right quantity of supplies
  • At the right time
  • At the right place
  • For the right cost

 

Purpose of Material Management

 

  • 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

 

 

Primary Secondary
Right price Forecasting
High turnover Inter-departmental harmony
Low procurement Product improvement
& storage cost Standardization
Continuity of supply Make or buy decision
Consistency in quality New Materials & products
Good supplier relations Favorable reciprocal relationships
Development of personnel  
Good information system  

 

Economy in Material Management

 

  • Containing the costs
  • Instilling efficiency in all activities
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We, at BMS.co.in, believe in sharing knowledge and giving quality information to our BMS students. We are here to provide and update you with every details required by you BMSites! If you want to join us, please mail to contact@bms.co.in.

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