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  • —To buy at the lowest price , consistent with desired quality and service
  • —To maintain a high inventory turnover , by reducing excess storage , carrying costs and inventory losses occurring due to deteriorations , obsolescence and pilferage
  • —To maintain continuity of supply , preventing interruption of the flow of materials and services to users
  • —To maintain the specified material quality level and a consistency of quality which permits efficient and effective operation
  • —To develop reliable alternate sources of supply to promote a competitive atmosphere in performance and pricing
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Q: Importance of material management in pharma industry?
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