0
adding value to raw materials which are scarce in most efficient and effective way to satisfy the needs of the customer
Wiki User
∙ 14y ago
Add your answer:
Earn +20 pts
Functions of material management?
Material management helps businesses remove waste from the premises. If no one managed waste, then the organization wouldn't be able to meet production.
What is the role of purchasing in material management?
The role of purchasing in material management is to make sure there is enough material so that production continues smoothly. Another role is to fund the materials at the lowest price possible.
Advantages of material management?
Materials management decreases waste for the organization. With a good materials management practice, an organization can improve their bottom line.
What is The relationship between production management and production operation management?
Production management is the planning,organisation,staffing,leading,control and coordinating of human and material resources for excution of the facility in a specific function to meet pre-determined objectives in the constraints of time cost and quality
What are the 4 m's of management?
There are 4 'M of management. The 4 'M of management includes manpower, machine, material, and measurement. The 4'M of management is based on the notion that production is the train.
What are the direct and hidden costs in material management?
A direct cost for material management would be the cost of the materials themselves. A hidden cost would be the cost to ship the materials or to store the materials until they are needed for production.
Does production management come under logistics management?
No, logistics management is generally a peer to production management.
What has the author George W Plossl written?
George W. Plossl has written: 'Getting the most from forecasts' 'The master production schedule' 'The role of top management in the control of inventory' -- subject(s): Industrial management, Inventory control 'The best investment-control, not machinery' 'Effective corporate strategy in manufacturing' -- subject(s): Production management 'Material requirements planning and inventory record accuracy' 'Material requirements planning by computer' -- subject(s): Data processing, Inventory control, Material requirements planning, Production control
Difference between operation management and production management with examples?
the difference between production management and operation management?
What is production and production management?
Production is the producing of a single item such as beef production is the production of beef. Production management is managing what is being produced and when it goes for market.
Short-term decision making production management and operations management?
decison making in production management
What is the role of an engineer in production management?
what are the role of production management-an expository study
