Scope of materials management, Project Management

Assignment Help:

Scope  of Materials  Management

Materials  management  embraces all  functions  concerning  planning  purchasing  production  control  stores  traffic and physical distribution.

The  main  areas of materials management function  are as under:

1. Planning  Function : The  planning  part of the materials management deals with the  followings issues.

a.Translation  of the sales projection into long term requirements  of materials.

b.On  the basis  of updated production plan adjust the latest sales demand and  the requirements of materials  accordingly.

c. To arrange  the facilities  required  for the  materials   management.

2. Production Control : This  is done by

a. Determining requirements of materials and parts to be purchased and manufactured.

b. Schedules of production and purchasing processes of parts and materials.

c. Issue work order  to manufacturing  department  and purchase order to suppliers.

d. To dispatch the materials to the production  departments.

3.    Purchasing: Purchasing department  procedures the materials of desired quality in time  to meet  the production  specifications at the lowest possible cost.  The main  activities  of purchasing are:

a. Selection  of acceptable suppliers and issue of purchase order.

b. To expedite the delivery  of materials to meet the inventory requirements.

c.  To look  for new materials and suppliers that can contribute to company  profits.


Related Discussions:- Scope of materials management

Management skills required for a successful manager, How are the management...

How are the management skills required for a successful manager? Management Skills: The skills needed of a successful manager, while he is working into a industry,

Steps of project manager to enhance likelihood of project, Ideally, the nee...

Ideally, the need for an IS project would be given in some detail before planning begins. When the requirement is not detailed adequate, what steps can the project manager take to

What is cost benefit analysis, What is Cost Benefit Analysis? Cost Be...

What is Cost Benefit Analysis? Cost Benefit Analysis: This analysis is a mathematical technique for decision-making. This is a quantitative technique used to calculate th

Project management and information security, Importance of Project Manageme...

Importance of Project Management as it relates to Information Security Program: Information security means protecting your information and data from unauthorised access, discl

Plan, Plan A plan is a blueprint or framework used to describe how an o...

Plan A plan is a blueprint or framework used to describe how an organization expects to achieve its goals. Planning is the process of developing plans or determining how best t

Why does the public sector exist, Question 1: a) Why does the public s...

Question 1: a) Why does the public sector exist? b) Discuss 5 ways in which the public sector is different from the private sector. c) The public sector is a clo

Critical reasoning, Ask question #MinimA new client of theirs named “ S&Y ”...

Ask question #MinimA new client of theirs named “ S&Y ” has started handing good amount of projects to them. It is estimated that in the upcoming year this crucial client will be g

Budget, Budget A budget is a financial preparation or planning and a re...

Budget A budget is a financial preparation or planning and a record of all planned expenses and revenues. It is a plan for borrowing, saving and spending. A budget is a sign

Explain how culture influences global product development, Question 1: ...

Question 1: (a) Critically evaluate joint venture and licensing as global market entry methods. (b) Explain and illustrate how a geocentric approach to global marketing i

What are the skills required by a project manager, Question: a) What ...

Question: a) What are the skills required by a project manager? b) What are the basic principle stages in a project life cycle? c) Suppose you are involved in the pl

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