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  • Advantages of Integrated Material Management

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    sijin saji
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    This document outlines 18 advantages of integrated material management for an organization. It argues that an integrated approach leads to better accountability, coordination, performance, adaptability to technology, procurement timing, inventory control, productivity, price control, reduction of dead stock, effective material classification, handling of heavy packages, verification of correct materials, focus on urgent materials, quick returns of defects, better utilization of storage space, reduced paperwork, reduced correspondence, and ease for the accounting department.

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    This document outlines 18 advantages of integrated material management for an organization. It argues that an integrated approach leads to better accountability, coordination, performance, adaptability to technology, procurement timing, inventory control, productivity, price control, reduction of dead stock, effective material classification, handling of heavy packages, verification of correct materials, focus on urgent materials, quick returns of defects, better utilization of storage space, reduced paperwork, reduced correspondence, and ease for the accounting department.

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    © All Rights Reserved
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    10 views2 pages

    Advantages of Integrated Material Management

    Uploaded by

    sijin saji
    This document outlines 18 advantages of integrated material management for an organization. It argues that an integrated approach leads to better accountability, coordination, performance, adaptability to technology, procurement timing, inventory control, productivity, price control, reduction of dead stock, effective material classification, handling of heavy packages, verification of correct materials, focus on urgent materials, quick returns of defects, better utilization of storage space, reduced paperwork, reduced correspondence, and ease for the accounting department.

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    of 2

    ASSIGNMENT

    MATERIAL AND PURCHASE


    MANAGEMENT

    SUBMITTED BY,
    ANJALI B JOSEPH
    S3 MBA
    Advantages of Integrated Material Management

    1. Better accountability
    2. Better coordination
    3. Better performance
    4. Adaptability to electronic data processing
    5. Procurement at the right time
    6. Improved inventory control
    7. Increased productivity
    8. Control of price
    9. Dead stock
    10. Effective classification and codification
    11. Heavy packages
    12. Assurance of verifying right materials
    13. Better focus on urgent material
    14. Quick return of defective
    15. Better utilization of stores space
    16. Reduced paperwork
    17. Reduced correspondence
    18. Ease for accounting department

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