Definitions of Material Management


0
3 comments
  1. Materials Management is connected with maintaining adequate supply of something (raw material, spares, and components, operating supplies (utilities) to meet anticipated demands economically.
  2. The function of Material Management is to ensure supply of materials at right time, place, in right quantity, of right quality, from right sources and at right price.
  3. Materials Management is concerned with the management of material flow into, through and out of system.
  4. Materials Management is confederacy of traditional material activities bounded by a common idea – the idea of an integrated management approach to planning acquisitions, conversion, flow and distribution of production materials from raw material state to finished product state.
  5. Materials Management is decision making with respect to design, procurement, storage, issue, packing and handling and accounting of materials to get most out of every amount invested in materials.
Advertisement
The following two tabs change content below.
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.

Like it? Share with your friends!

0
3 comments
BMS Team

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.

3 Comments

Ask Us On WhatsApp
Choose A Format
Personality quiz
Series of questions that intends to reveal something about the personality
Trivia quiz
Series of questions with right and wrong answers that intends to check knowledge
Poll
Voting to make decisions or determine opinions
Story
Formatted Text with Embeds and Visuals
List
The Classic Internet Listicles
Countdown
The Classic Internet Countdowns
Open List
Submit your own item and vote up for the best submission
Ranked List
Upvote or downvote to decide the best list item
Meme
Upload your own images to make custom memes
Video
Youtube, Vimeo or Vine Embeds
Audio
Soundcloud or Mixcloud Embeds
Image
Photo or GIF
Gif
GIF format