Material Management. The Materials Shape your thought

      Аннотация: Material management has created a niche in many organizations, which have implemented the integrated materials management. These organizations usually enjoy the following advantages: • Better accountability on part of materials as well as other departments as no one can shift blame to others. • As materials management is handled by single authority, it can result in better coordination, as it becomes the central point for any material related problems. • Materials management department makes sure that better quality material is supplied timely to the requesting departments. This can result in better performance of the organization. • A materials management system is typically controlled through an information system, thus, can help in taking decisions related to material in the organization. • One indirect advantage of material management is that good quality material develops the ethical and moral standard in an organization. However, please note there is no study on this issue.

Ключевые слова: materials management, aggregate planning, Master Production Scheduling, material requirement planning