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Basic principles of material management

•Effective management & supervision

It depends on managerial functions of

•Planning

•Organizing

•Staffing

•Directing

•Controlling

•Reporting

•Budgeting

2. Sound purchasing methods

3.Skillful & hard poised negotiations

4.Effective purchase system

5.Should be simple

6.Must not increase other costs

7.Simple inventory control programme

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