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Inventory Management

Inventory Management

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Published by sandesh
we did a researched during college days.
we did a researched during college days.

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Categories:Types, Research
Published by: sandesh on Mar 12, 2010
Copyright:Attribution Non-commercial

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12/01/2010

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MATERIAL MANAGEMENT ANDINVENTORY CONTROL
 
INTRODUCTION
Material management may be defined as process bywhich an organization is supplied with goods andservices that they need to achieve its objective-Ammer 
Material management as a confederacy of traditionalmaterial activity bound by A common idea-the idea tointegrate management approach to planningacquisition ,conversion, flow and distribution of  production material from raw material to finished product
-Lee and Dobler 
 
 
IMPORTANCE OF MATERIAL MANAGEMENT
 
1.Low prices for material and equipment2.Faster inventory turnover 3.Continuity of supply4.Reduced lead time5.Reduce transportation cost6.Less duplication of efforts7.Reduced material obsolescence8.Improve supply relationship and better record information9.Better inter-departmental cooperation10.Personnel development

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