Purpose of Material Management


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 Purpose of Material Management

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  • 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  
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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 [email protected]

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