Materials Management | Materials planning
This video is outlining brief introduction of materials management, challenges in materials management and also key objectives of the materials management function.
The supply chain is becoming much complex and vast function for each manufacturing organization, while materials management is identified by many experts as one of the key contributing function which is playing an important role in organizations expenditure, growth, internal costs and keeping right control in overall supply chain…
The cost involved in materials management is ranging from 50% to 60% of the total costs and it depends on the industry to industry and product nature... Thus financial metrics of organizations have major impact from materials management function….