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Application Of Material Management Concept In Manufacturing Industry
[A case study of Okin biscuits Nigeria limited]
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However, the factory has four main section production engineering, administrative and accounts. The head of each section is directly responsible to the General Manager. Implant training course were conducted in cooperation with industrial training fund (ITF) to develop skill and talents of employees.
Employees are normally sent for training courses conducted by other management training organizations as well. Today, there are only two expatriate in the factory as compared to six expatriates in seven years ago. The company also offers training opportunity for the students from the higher institution of learning with the facilities provided at the various departments.
Today, 0km Biscuit produced the Coaster and Short Cakes and has became mostly consumed biscuit in Nigeria and were also exported out to the neighboring African countries.
1.7 DEFINITIONS OF TERMS
Peculiar to all field of specialization, be it management studies or science based course, every field of specialization has got its own terms, often been used for communication. The following are the definition of terms in materials management as used in this project.
i. Materials Management: Can be defined as a science art which deals with the planning, organizing, controlling and directing of supply and processing activities of materials in an organization. In a nutshell, material management can equally be regarded as the integration of purchasing and stores activities under the control of the Manager.
ii. Specification: A specification of an item is the description of the item, its dimension analysis, performance or other relevant characteristics in sufficient detail to ensure that it will be suitable in all respect for the purpose for which it is intended.
iii. Standardization: is the process of reducing the number of varieties of stocks to a controlled minimum.
iv. Procurement: this is defined as a whole process whereby all classes of resources (people, materials, facilities and services required are obtained).
v. Negotiation: it simply means conferring discussing or bargaining to reach agreement in business transaction.
vi. Value Analysis: It is an organized procedure for the efficient identification of unnecessary cost in the materials used for the production of a product through analysis of the function expected of that product, with due cognizance of availability and storability.
vii. Obsolescent: an item is said to be obsolescent when it is going out of use but is not yet completely unusable.
viii. Obsolete: An item is regarded as obsolete when it is no longer in use or usable by the business concerned, because of changes in operational practice of production methods.
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