Material Management is a crucial function in any industry as it involves in planning ,co-ordination, and control of materials throughout the entire production process.
The functions of management are
- Materials Planning
- Purchasing
- Receiving
- Inventory Management
- Material Handling
- Production Planning
- Disposal of Scrap, Selling surplus and obsolete materials
1. Materials Planning
This involves forecasting the materials required for production, determining the quantities needed, and planning for their procurement.2. Purchasing
Purchasing involved selecting the suppliers , negotiating the prices, and placing orders for the required materials.3. Receiving
This involves receiving materials from the supplier, inspecting them for quality, storing them appropriately.4. Inventory Management
Inventory management is the process of keeping track of a company's goods and materials, making sure there is enough stock to meet customer demand while avoiding excess stock.5. Material Handling
- It involves with in the production facility
- It enaures that the materials are moved and stored efficiently and safely, minimizing damage,loss and delays in producing.
- Trollys, conveyors, forklifts should be used while moving materials from one place to another.
6. Production Scheduling
It involves co-ordinating the availability of materials with the production scheduling to ensure that the necessary materials are available when required.7. Disposal of scrap, selling surplus and obsolete materials
- At every stage of converting law material to final product, there generates waste, in industrial it is refered to scrap. We need carefully dispose tge scrap or sell it.
- After produbction some materials may be not used or left out. This material should be sold off to reduce the cost of storage.
- Surplus: Excess materials, more than what is needed or expected or simply excess supply
- obsolete: no longer in use or no longer useful
0 Comments