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Material Management is concerned with control of materials in such a manner which ensures maximum return on working control material management is concerned with the location & purchase of needed their storage & movement. it also arranges to keep on account for them .it is also responsible for planning their movement through manufacturing processes, store rooms and distribution channels .
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What is the definition of the 7 m's of management. Define each?
what is the definition of the 7 M's of management. define each?
Definition of Public finance Management Act?
define public finance management
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.
Where can one learn about finance management?
One can learn about finance management at their local library. The reference section will have a collection of basic business books that feature this material.
Evaluate the concept of management as getting things done through other people?
This has become a very popular definition of management for several reasons. Firstly, this definition is very simple and easy to under­stand. Secondly, it highlights the indirect nature of a manager's job.A manager does not operate a machine or sell a product himself. Rather he guides others in producing and selling goods and services. Thirdly, this definition reveals that a manager is the leader of people working under him. Fourthly, it states that management is basically an art or practice of achieving results.The above definition is, however, inadequate for the present day concept of management. It suffers from the following drawbacks.(i) This definition does not reveal that management is a science. The modern concept of management is much wider than simply a skill in getting things done through other people. Since the days of F.W. Taylor management has become a science based on certain fundamental principles.(ii) The above definition does not highlight how does manage­ment get things done through people. It fails to reveal the functions of a manager and the skills used for getting things done.(iii) This definition does not recognize the role of human beings. It treats people as mere tools forgetting results and does not consider their feelings, emotions and needs. People are inanimate objects and cannot be treated as mere tools.People have their aspirations and are not mere commodities or means to achieve certain ends. Management is certainly much more than just getting things done through others.(iv)The above definition gives an impression that management gets things done by hook or crook. Results alone are not significant. The means employed to achieve results are equally important. This definition is of man's putative character.
What is the definition of 6 M's of design of experiment?
Manning Method Material Management Machine Measurement
What is the definition of each 5Ms of Management?
Men , Machine, Money, Material , Methods & processes . There are few other Ms related to efficient Management - Manipulation , Marketing
Definition of hospitality and tourism management?
definition of hospiality and tourism management?
What is the definition of material world?
The definition of a material world is a fake world.
Definition of meal management?
meaning of meal management
Definition of management challenge?
meaning of management challenges
What is the definition of the 7 m's of management. Define each?
what is the definition of the 7 M's of management. define each?
What is the definition of stress management?
The definition of stress management is to control stress. Good stress management provides a healthy way to relieve stress.
Advantage and disadvantage of material management?
One advantage of material management is the ability to control pollution. A disadvantage to material management is the fact that it can be a complex area of business.
What is the definition of an organic material?
Carbon-containing material
What is Definition of material budget?
Define material budgets
What is importance of material management?
There are many great importance reasons for the management of material. This management leads to more effective and efficient decisions.
