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Materials Management as an Operating Function : In small scale industries generally the function of materials management is considered subordinate to the production function. The materials manager acts as a subordinate to works manager. Materials management is considered as a service function to operation and is regulated with other operations under the control of works manager. The splitting of the materials management department will largely depends on the quantum of the work of each section and the need of the organization.
what is the principle of discounting and what issues are critical in this process
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