Importance of materials management, Project Management

Assignment Help:

Importance of Materials Management

The  primary  and secondary  objectives  listed  above  should  themselves give us clear idea about  the  importance of materials management. The significance of an efficient materials management  system  needs  no emphasis.  It will facilitate the accomplishment of the followings objectives.

1.  Lower  prices for materials  and equipment.

2.  Faster inventory turnover.

3.  Continuity of  supply.

4.  Reduced lead time.

5.  Reduced transportation  costs.

6.  Less duplication  of efforts.

7.  Elimination of  buck passing.

8.  Reduced materials  obsolescence.

9. Improved supplier relationship and better records and information.

10. Personnel  development.


Related Discussions:- Importance of materials management

Research process, Research Process: Research process consists of a numbe...

Research Process: Research process consists of a number of closely related activates. But such activities overlap continuously and do not follow a strictly prescribed sequence.

Scope and initial planning, Develop a work breakdown structure (WBS) for th...

Develop a work breakdown structure (WBS) for the project based on the Summary of Project Deliverables in the scope statement. Recall that a WBS is a set of deliverable-oriented gro

Project risk custodians , Project risk custodians  The quality risk fun...

Project risk custodians  The quality risk function is carried out by the project risk custodians. The responsibility of project risk custodians is to:    Integrate all po

Grand wines, Case study – Grand Wines You are an employee of Grand Wines Lt...

Case study – Grand Wines You are an employee of Grand Wines Ltd and project leader of a proposed project to equip each of the company’s 20 sales representatives with a wireless dat

Syndicate report and presentation, A 2000 word report due electronically 12...

A 2000 word report due electronically 12 pm Wednesday 13 May for those presenting findings in Week 11 or 12 pm Wednesday 20 May for those presenting findings in Week 12) This wi

What are the benefits of work study?, Question 1) Describe any ten overall...

Question 1) Describe any ten overall functions of the purchasing department Question 2) Describe any five principles of plant layout Question 3) Describe the any

Secondary stakeholders and major risks in WAM organisation, The WAM Organis...

The WAM Organisation is one of the very successful supermarket chains within its own country. Reputation for innovation of it is unparalleled into its own country along with the wi

Case study, two boss problem case study

two boss problem case study

Cost benefit analysis, How to determine which project have larger net benef...

How to determine which project have larger net benefit between two projects

Theoretical overview of the management of change, Question 1: a) Provid...

Question 1: a) Provide a theoretical overview of the management of change. b) Describe the importance of management of change with regard to the management of H.R projects.

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd