What are the importance of material management?

Answer 1

Material management is important because poor management can increase a companies overhead costs. Proper management must occur to keep materials fresh and readily available without having too much on hand.

Answer 2

Materials management is very important as it leads to the reduction in duplicated orders and leads to the better handling of the materials. It also leads to increased profits as a result of reducing the overall costs of materials.

Answer 3

Material management is an approach for planning, organizing, and controlling all those activities principally concerned with the flow of materials into an organisation.

With this introduction, we can say that material management requires professional planning and is exclusive in nature.

Answer 4

first understand what is meant by materila handling before answering the question